Chart 2: Banks and Thrifts Slowed Branch Network Expansion, yet Deposit Growth Increased

A line chart showing the increase in the total dollar value of deposits per office made at FDIC-insured institutions between the second quarter of 1994 and the second quarter of 2009 and the change in the number of branch offices per million people in the same period. Domestic deposits per office increased from $40 million in the second quarter of 1994 to approximately $87 million in the second quarter of 2009. The number of branch offices per million people started at about 308 in the second quarter of 1994, decreased to about 300 between the second quarter of 1997 and the second quarter of 2003, and then increased to about 325 in the second quarter of 2008 before dropping slightly to about 322 in the second quarter of 2009. This information comes from the FDIC Summary of Deposits, the Office of Thrift Supervision Branch Office Survey, and Moody’s Economy.com Web site.