Financial Update (Second Quarter 2009)


Vol. 22, No. 2,
Second Quarter 2009

Data Bank

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

June 30, 2008 June 30, 2007 June 30, 2006 2008–2007 2007–2006
United States2 5,781,230 5,608,036 5,356,048 3.09 4.70
Sixth District3 797,736 780,733 745,203 2.18 4.77
Sixth District States
Alabama 73,116 70,989 69,231 3.00 2.54
Florida 328,074 324,589 306,538 1.07 5.89
Georgia 180,399 172,059 163,573 4.85 5.19
Louisiana 70,604 68,924 67,882 2.44 1.54
Mississippi 45,028 41,177 39,765 9.35 3.55
Tennessee 100,515 102,995 98,214 –2.41 4.87
Selected Metropolitan Areas
Birmingham–Hoover, AL 22,483 21,812 21,287 3.08 2.47
Jacksonville, FL 29,873 24,831 24,065 20.31 3.18
Miami–Fort Lauderdale–Pompano Beach, FL 119,615 122,153 112,380 –2.08 8.70
Orlando–Kissimmee, FL 29,483 29,156 29,343 1.12 –0.64
Tampa–St.Petersburg–Clearwater, FL 43,431 41,421 39,928 4.85 3.74
Atlanta–Sandy Springs–Marietta, GA 115,367 109,379 105,377 5.47 3.80
New Orleans–Metairie–Kenner, LA 25,078 25,113 26,449 –0.14 –5.05
Jackson, MS 8,989 8,617 8,508 4.32 1.28
Memphis, AR–MS–TN 21,015 26,630 26,245 –21.09 1.47
Nashville–Davidson–Murfreesboro–Franklin, TN 31,055 30,086 28,192 3.22 6.72
Total Urban Deposits in District 748,457 727,084 708,294 2.94 2.65
Total Rural Deposits in District 49,279 53,649 36,909 –8.15 45.35
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.