| Commercial Banks in Memphis Area Have Increased Federal Home Loan Bank Membership and Borrowings | ||||
| Total number of commercial banks | FHLB members | FHLB members % of all commercial banks | FHLB borrowings ($bil) | |
| 2001 | 616 | 315 | 51% | 8.25 |
| 2002 | 601 | 342 | 57% | 9.64 |
| 2003 | 587 | 340 | 58% | 9.78 |
| 2004 | 582 | 364 | 63% | 13.37 |
| Source: Federal Deposit Insurance Corporation Bank Call Reports, Federal Housing Finance Board. Data as of September 30. | ||||