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It's the number of accounts vendors love, not the balances

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

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 institution52,130
Number of U.S. accounts at Citibank 90 million
Number of accounts at a $1 billion thrift97,556
Number of accounts at a $550 million urban retail bank40,841
Number of accounts at a $133 million bank16,146
Number of accounts at a $37 million ag bank5,343
Number of accounts at a just-opened de novo in Florida2,069
Average number of accounts per living human being3.1

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