Financial Update (Second Quarter 2002)

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Data Bank

The Docket

Data Bank

District Commercial Bank Deposit Data1
($ millions)
  Annual Percent Change
  June 30, 2001 June 30, 2000 June 30, 1999 2001–2000 2000–1999
United States2 3,588,778 3,328,634 3,154,414 7.82 5.52
Sixth District3 485,331 462,989 441,515 4.83 4.86
Sixth District States
Alabama 52,869 51,092 50,868 3.48 0.44
Florida 188,996 177,945 171,624 6.21 3.68
Georgia 98,215 93,384 86,130 5.17 8.42
Louisiana 45,339 43,409 41,272 4.45 5.18
Mississippi 29,588 28,304 27,017 4.54 4.76
Tennessee 70,324 68,855 64,603 2.13 6.58
Selected Metropolitan Areas
Birmingham, AL 14,514 14,243 15,629 1.90 –8.87
Fort Lauderdale, FL 16,754 16,126 16,434 3.89 –1.87
Jacksonville, FL 10,379 9,753 10,110 6.42 –3.53
Miami, FL 39,179 35,228 35,033 11.22 0.56
Orlando, FL 16,592 14,819 14,086 11.96 5.20
Tampa, FL 28,988 28,077 26,367 3.24 6.49
West Palm Beach, FL 14,140 14,072 13,839 0.48 1.68
Atlanta, GA 54,923 52,624 47,748 4.37 10.21
New Orleans, LA 15,812 15,029 14,416 5.21 4.25
Jackson, MS 5,185 5,028 5,058 3.12 –0.59
Memphis, AR-MS-TN 17,986 17,816 15,887 0.95 12.14
Nashville, TN 16,132 15,889 15,776 1.53 0.72
 
Total Urban Deposits in District 370,842 367,325 350,451 0.96 4.82
Total Rural Deposits in District 90,889 95,663 91,064 –4.99 5.05
 
1 Includes thrifts owned by bank holding companies
2 Includes territories
3 Refers to all Sixth District states in their entirety

Source: Bank data are taken from the June 30 Summary of Deposits Reports filed with the FDIC, compiled by SNL Securities. Some deposits, particularly corporate deposits, were reported at bank offices other than those where the deposits were taken. Merger and acquisition activity is one major reason for a bank to misreport deposits in this way.