by Art Gillis
As of 11:00 AM Central Standard Time on February 15, 2006, Art Gillis updated the Number of U.S. Bank Accounts Model as shown below. But first, some caveats.
This is not a first-time exercise, thus having the benefit of corrections made in previous attempts to arrive at projections. However, extrapolations, made based on a sample size of a few hundred client banks, may not produce perfect results. Gillis relied on his own tools and judgment. No one contributed to this exercise. Not even google.com. Gillis had a very comfortable eight hours of sleep last night. He dreamt of cultivating his garden in the Spring, even though weather reports indicated a two-foot cover of snow in the Northeast. Gillis had his usual breakfast of orange juice, English muffin and coffee, then drove six miles to the office. He was in a perfect mood to address the model.
|Total number of deposit and loan accounts in the U.S.||926 million|
|Average number of accounts per financial institution||52,130|
|Number of U.S. accounts at Citibank||90 million|
|Number of accounts at a $1 billion thrift||97,556|
|Number of accounts at a $550 million urban retail bank||40,841|
|Number of accounts at a $133 million bank||16,146|
|Number of accounts at a $37 million ag bank||5,343|
|Number of accounts at a just-opened de novo in Florida||2,069|
|Average number of accounts per living human being||3.1|