|
Table 4 for testimony of Governor Laurence H. Meyer Mergers and acquisitions in banking and other financial services Before the Committee on the Judiciary, U.S. House of Representatives June 3, 1998 |
|
Table 4
Entry and Exit in Banking, 1980-1997 |
|||||
|
|
Number |
||||
|---|---|---|---|---|---|
|
|
|
|
|
Bank branches (insured commercial banks) |
|
|
Year |
New insured commercial banks |
Failure of insured commercial banks |
Mergers and acquisitions |
Openings |
Closings |
|
1980 |
206 |
10 |
190 |
2,099 |
267 |
|
1981 |
199 |
7 |
359 |
2,175 |
332 |
|
1982 |
316 |
32 |
420 |
1,575 |
393 |
|
1983 |
366 |
45 |
428 |
1,281 |
547 |
|
1984 |
400 |
78 |
441 |
1,363 |
869 |
|
1985 |
318 |
116 |
475 |
1,407 |
596 |
|
1986 |
248 |
141 |
573 |
1,250 |
748 |
|
1987 |
212 |
186 |
649 |
960 |
942 |
|
1988 |
228 |
209 |
468 |
1,509 |
1,042 |
|
1989 |
201 |
206 |
350 |
1,730 |
687 |
|
1990 |
175 |
158 |
366 |
2,722 |
884 |
|
1991 |
107 |
105 |
345 |
2,273 |
1,428 |
|
1992 |
73 |
98 |
401 |
1,644 |
1,675 |
|
1993 |
59 |
40 |
436 |
1,944 |
1,733 |
|
1994 |
48 |
11 |
446 |
2,713 |
1,151 |
|
1995 |
110 |
6 |
345 |
2,526 |
1,489 |
|
1996 |
148 |
5 |
313 |
2,487 |
1,870 |
|
1997 |
207 |
1 |
n.a. |
3,122 |
1,636 |
|
Total |
3,621 |
1,454 |
7,005 |
34,780 |
18,289 |
|
Sources: Failure data are from Federal Deposit Insurance Corporation, Statistics on Banking 1934-1996, vol. 1. Mergers and acquisitions data are from Stephen A. Rhoades, ABank Mergers and Industrywide Structure, 1980-1994,@ Staff Study, Federal Reserve Board, 1996. Updated by author. New bank and branch openings and closings are from the Federal Reserve Board, Annual Statistical Digest, relevant years. |
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