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FDIC Banking Review
| Table 3 - Changes in the Distribution of Domestic Deposits by Type of Geographic Area, 1985-2003 |
| |
Community Banks |
Midsize Banks |
Top 25 Banks |
| |
|
|
Large Metro |
|
|
Large Metro |
|
|
Large Metro |
|
| Rural
| Small Metro
| Suburban
| Urban
| Rural
| Small Metro
| Suburban
| Urban
| Rural
| Small Metro
| Suburban
| Urban
|
| Share of Deposits |
| 1985 deposit share |
72.1 |
48.4 |
38.1 |
19.2 |
24.0 |
41.3 |
53.3 |
54.5 |
3.9 |
10.3 |
8.6 |
26.3 |
| Adjusted for subsequent mergers and asset growth |
51.3 |
19.7 |
17.3 |
7.7 |
23.0 |
32.5 |
28.7 |
24.2 |
25.7 |
47.8 |
54.0 |
68.1 |
| 2003 deposit share |
53.0 |
27.8 |
21.9 |
9.0 |
28.5 |
38.8 |
37.2 |
29.4 |
18.5 |
33.4 |
40.9 |
61.6 |
| Deposit-share changes |
| Change from 1985 to 2003 |
-19.1 |
-20.6 |
-16.3 |
-10.2 |
4.6 |
-2.5 |
-16.0 |
-25.1 |
14.5 |
23.1 |
32.3 |
35.3 |
| Adjusted for subsequent mergers and asset growth |
-20.8 |
-28.7 |
-20.8 |
-11.6 |
-1.0 |
-8.8 |
-24.6 |
-30.2 |
21.8 |
37.5 |
45.4 |
41.8 |
| Change in deposit share of surviving banks (and new entrants) |
1.7 |
8.1 |
4.6 |
1.3 |
5.6 |
6.3 |
8.6 |
5.2 |
-7.2 |
-14.4 |
-13.1 |
-6.5 |
| Number of markets |
| Operated offices in 1985 |
2,207 |
215 |
77 |
104 |
1,210 |
207 |
75 |
104 |
249 |
86 |
30 |
58 |
| Adjusted for subsequent mergers and asset growth |
1,986 |
205 |
76 |
102 |
1,413 |
210 |
73 |
103 |
1,345 |
211 |
76 |
104 |
| Operated offices in 2003 |
2,149 |
215 |
78 |
104 |
1,413 |
214 |
78 |
104 |
1,033 |
211 |
75 |
103 |
| Memo items |
| Share of size-class deposits |
| Distribution in 1985 |
33.1 |
19.5 |
15.1 |
32.3 |
7.8 |
11.8 |
15.0 |
65.3 |
3.4 |
7.7 |
6.4 |
82.5 |
| Adjusted for subsequent mergers and asset growth |
49.5 |
14.8 |
12.6 |
23.1 |
15.8 |
17.4 |
14.9 |
51.9 |
8.1 |
11.8 |
13.0 |
67.1 |
| Distribution in 2003 |
38.9 |
17.3 |
17.0 |
26.8 |
12.9 |
14.9 |
18.0 |
54.2 |
5.4 |
8.3 |
12.8 |
73.5 |
| Market Concentration |
| Mean deposit-market Herfendahl in 1985 |
3,593 |
1,345 |
893 |
893 |
3,593 |
1,345 |
893 |
893 |
3,593 |
1,345 |
893 |
893 |
| Mean Herfendahl adjusted for subsequent mergers |
4,052 |
2,039 |
1,877 |
1,877 |
4,052 |
2,039 |
1,877 |
1,877 |
4,052 |
2,039 |
1,877 |
1,877 |
| Mean deposit-market Herfendahl in 2003 |
3,671 |
1,573 |
1,387 |
1,387 |
3,671 |
1,573 |
1,387 |
1,387 |
3,671 |
1,573 |
1,387 |
1,387 |
| Mean change in Herfendahl 1985-2003 |
85 |
228 |
493 |
493 |
85 |
228 |
493 |
493 |
85 |
228 |
493 |
493 |
| Total number of markets |
2,253 |
215 |
78 |
104 |
2,253 |
215 |
78 |
104 |
2,253 |
215 |
78 |
104 |
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Notes: Deposit-market shares are measured as the share of all deposits in a given market segment (as reported by FDIC-insured institutions in the June Summary of Deposits data) that are held by each size class of banking organization. The mean levels of local deposit-market concentration in rural, small metro, and large metro markets, respectively, are measured using Herfendahl indices constructed from these deposit-market shares. Herfendahl indices for suburban and urban parts of large MSAs are calculated for the entire MSA market. Large metropolitan areas are those with populations above 500,000. Community banks are defined as banking organizations (bank and thrift holding companies, independent banks, and independent thrifts) with aggregate bank or thrift assets of less than $1 billion (in 2002 dollars). The top 25 banks are the 25 largest banking organizations, measured in terms of the banking industry assets they controlled at the indicated time. Midsize banks consist of all remaining banking organizations.
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