FRB: Annual Report 2008, Statistical Table 5: Banking Offices and Banks Affiliated with Bank Holding Companies in the United States, December 31, 2007 and 2008

5. Banking Offices and Banks Affiliated with Bank Holding Companies in the United States, December 31, 2007 and 2008
Type of office	Total	Commercial banks¹					State-chartered savings banks
		Total	Member			Nonmember
		Total	Total	National	State	Nonmember
All banking offices
Banks
Number, Dec. 31, 2007	7,601	7,241	2,489	1,615	874	4,752	360
Changes during 2008
New banks	101	99	23	11	12	76	2
Banks converted into branches	-244	-238	-111	-66	-45	-127	-6
Ceased banking operations²	-57	-50	-20	-14	-6	-30	-7
Other³	0	-3	-3	-25	22	0	3
Net change	-200	-192	-111	-94	-17	-81	-8
Number, Dec. 31, 2008	7,401	7,049	2,378	1,521	857	4,671	352
Branches and Additional Offices
Number, Dec. 31, 2007	82,050	78,873	56,064	42,002	14,062	22,809	3,177
Changes during 2008
New branches	3,021	2,952	2,233	1,868	365	719	69
Branches converted from banks	244	239	133	75	58	106	5
Discontinued²	-2,848	-2,760	-2,305	-1,900	-405	-455	-88
Other³	0	93	-233	-366	133	326	-93
Net change	417	524	-172	-323	151	696	-107
Number, Dec. 31, 2008	82,467	79,397	55,892	41,679	14,213	23,505	3,070
Banks affiliated with bank holding companies
Banks
Number, Dec. 31, 2007	6,120	5,995	2,203	1,426	777	3,792	125
Changes during 2008
BHC-affiliated new banks	120	115	27	16	11	88	5
Banks converted into branches	-222	-218	-107	-64	-43	-111	-4
Ceased banking operations²	-44	-42	-20	-14	-6	-22	-2
Other³	0	-2	-8	-22	14	6	2
Net change	-146	-147	-108	-84	-24	-39	1
Number, Dec. 31, 2008	5,974	5,848	2,095	1,342	753	3,753	126

Note: Includes banks, banking offices, and bank holding companies in U.S. territories and possessions (affiliated insular areas).

1. For purposes of this table, banks are entities that are defined as banks in the Bank Holding Company Act, as amended, which is implemented by Federal Reserve Regulation Y. Generally, a bank is any institution that accepts demand deposits and is engaged in the business of making commercial loans or any institution that is defined as an insured bank in section 3(h) of the FDIC Act. Return to table

2. Institutions that no longer meet the Regulation Y definition of a bank. Return to table

3. Interclass changes and sales of branches. Return to table

Return to top