Financial Update (Second Quarter 2007)

District Commercial Bank Deposit Data1
($ millions)
Annual Percent Change

June 30, 2006 June 30, 2005 June 30, 2004 2006–2005 2005–2004
United States2 5,352,540 4,944,740 4,542,012 8.25 8.87
Sixth District3 745,203 677,421 613,450 10.01 10.43
 
Sixth District States
Alabama 69,231 63,329 60,909 9.32 3.97
Florida 306,538 290,466 254,349 5.53 14.20
Georgia 163,573 143,872 126,884 13.69 13.39
Louisiana 67,882 53,477 51,621 26.94 3.60
Mississippi 39,765 34,564 32,928 15.05 4.97
Tennessee 98,214 91,713 86,759 7.09 5.71
 
Selected Metropolitan Areas
Birmingham-Hoover, AL 21,287 18,646 19,187 14.16 –2.82
Jacksonville, FL 24,065 21,860 17,088 10.09 27.93
Miami-Fort Lauderdale-Miami Beach, FL 112,380 106,775 94,873 5.25 12.55
Orlando-Kissimmee, FL 29,338 27,541 23,224 6.52 18.59
Tampa-St.Petersburg-Clearwater, FL 39,928 37,734 36,053 5.81 4.66
Atlanta-Sandy Springs-Marietta, GA 105,367 90,699 77,296 16.17 17.34
New Orleans-Metairie-Kenner, LA 26,449 18,459 18,112 43.29 1.92
Jackson, MS 8,508 7,492 7,071 13.56 5.95
Memphis, AR-MS-TN 26,245 26,586 25,612 –1.28 3.80
Nashville, TN 28,174 25,013 22,960 12.64 8.94
 
Total Urban Deposits in District 703,772 638,772 576,934 10.18 10.72
Total Rural Deposits in District 41,431 38,649 36,516 7.20 5.84
 
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 offices other than where the deposits were taken. Merger and acquisition activity is one major reason for a bank to misreport deposits.