Chart 1
Over the Long Term, the Number of Banks Has Declined and the Number of Branches Has Increased
Year Institutions Branches Offices
1934 14,146 0 14,146
1935 14,125 3,112 17,237
1936 13,973 3,261 17,234
1937 13,797 3,381 17,178
1938 13,661 3,412 17,073
1939 13,538 3,456 16,994
1940 13,442 3,489 16,931
1941 13,430 3,517 16,947
1942 13,347 3,555 16,902
1943 13,274 3,744 17,018
1944 13,268 3,875 17,143
1945 13,302 3,896 17,198
1946 13,359 3,928 17,287
1947 13,403 4,096 17,499
1948 13,419 4,283 17,702
1949 13,436 4,530 17,966
1950 13,446 4,832 18,278
1951 13,455 5,157 18,612
1952 13,439 5,486 18,925
1953 13,432 5,855 19,287
1954 13,323 6,346 19,669
1955 13,237 6,965 20,202
1956 13,218 7,639 20,857
1957 13,165 8,267 21,432
1958 13,124 8,955 22,079
1959 13,114 9,732 22,846
1960 13,126 10,556 23,682
1961 13,115 11,436 24,551
1962 13,124 12,421 25,545
1963 13,291 13,581 26,872
1964 13,493 14,699 28,192
1965 13,544 15,872 29,416
1966 13,538 17,029 30,567
1967 13,514 18,079 31,593
1968 13,487 19,183 32,670
1969 13,473 20,379 33,852
1970 13,511 21,839 35,350
1971 13,612 23,336 36,948
1972 13,733 24,829 38,562
1973 13,976 26,673 40,649
1974 14,230 28,651 42,881
1975 14,384 30,205 44,589
1976 14,410 31,344 45,754
1977 14,411 33,108 47,519
1978 14,391 34,791 49,182
1979 14,364 36,791 51,155
1980 14,434 38,738 53,172
1981 14,414 40,786 55,200
1982 14,451 39,783 54,234
1983 14,469 40,853 55,322
1984 14,496 41,799 56,295
1985 14,417 43,293 57,710
1986 14,210 44,392 58,602
1987 13,723 45,357 59,080
1988 13,137 46,381 59,518
1989 12,715 48,005 60,720
1990 12,347 50,406 62,753
1991 11,927 51,969 63,896
1992 11,466 51,935 63,401
1993 10,960 52,868 63,828
1994 10,452 55,145 65,597
1995 9,942 56,512 66,454
1996 9,530 57,789 67,319
1997 9,143 60,325 69,468
1998 8,774 61,957 70,731
1999 8,581 63,684 72,265
2000 8,315 64,079 72,394
2001 8,080 65,564 73,644
2002 7,887 66,185 74,072
2003 7,769 66,775 74,544
Source: FDIC Office Structure Information