Financial Update (Second Quarter 2008)


Vol. 21, No. 2,
Second Quarter 2008

Data Bank

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

June 30, 2007 June 30, 2006 June 30, 2005 2007–2006 2006–2005
United States2 5,608,175 5,356,096 4,934,727 4.71 8.54
Sixth District3 780,734 745,203 677,421 4.77 10.01
Sixth District States
Alabama 70,661 69,231 63,329 2.07 9.32
Florida 324,756 306,538 290,466 5.94 5.53
Georgia 172,059 163,573 143,872 5.19 13.69
Louisiana 68,924 67,882 53,477 1.54 26.94
Mississippi 41,177 39,765 34,564 3.55 15.05
Tennessee 103,157 98,214 91,713 5.03 7.09
Selected Metropolitan Areas
Birmingham-Hoover, AL 21,571 21,287 18,646 1.33 14.16
Jacksonville, FL 24,832 24,065 21,860 3.19 10.09
Miami-Fort Lauderdale-Pompano Beach, FL 122,153 112,380 106,775 8.70 5.25
Orlando-Kissimmee, FL 29,156 29,343 27,541 –0.64 6.54
Tampa-St.Petersburg-Clearwater, FL 41,600 39,928 37,734 4.19 5.81
Atlanta-Sandy Springs-Marietta, GA 109,360 105,367 90,699 3.79 16.17
New Orleans-Metairie-Kenner, LA 25,113 26,449 18,459 –5.05 43.29
Jackson, MS 8,617 8,508 7,492 1.28 13.56
Memphis, AR-MS-TN 26,630 26,245 26,586 1.47 –1.28
Nashville-Davidson-Murfreesboro-Franklin, TN 30,208 28,156 24,996 7.29 12.64
Total Urban Deposits in District 722,547 704,484 640,680 2.56 9.96
Total Rural Deposits in District 58,187 40,719 36,741 42.90 10.83
1 Includes thrifts owned by bank holding companies
2Includes 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.