|
Table 4 for testimony of Governor Laurence H. Meyer Mergers and acquisitions in banking and other financial services Before the Committee on Banking and Financial Services, U.S. House of Representatives April 29, 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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