Change in Bank Deposits By County and Region 1990-2000
An Overview of Bank Deposits in Missouri
The Federal Deposit Insurance Corporation (FDIC) periodically reports deposits of all banks and branches of banks in the nation. In Table 1 bank deposits are reported for all Missouri counties in 1990 and in 2000. The bank deposits reported in columns 1 and 2 in Table 1 are reported in millions of dollars. So in column 1 of Table 1 it shows that bank deposits in Adair County in 2000 were $425,681 but, as shown at the top of the page ($000), total deposits are reported in millions of dollars. Therefore, Adair County bank deposits in 2000 were $425,681,000. County deposits in 1990 were $169,814 million, which are $255,867 million less than the $425,681 million in 2000. The dollar values reported in Table 1 however, have not been adjusted for inflation. Table 1 shows that total deposits in Missouri in 1990 were $49,651,099,000 or, in abbreviated form, that is $49.65 billion. By 2000 Missouri deposits had reached $75.425 billion - an increase of $25.77 billion (51.9 percent) from 1990 to 2000.
The 1990 values are reported in 1990 dollars and the 2000 values are reported in 2000 dollars. About two-thirds of the dollar increase in bank deposits from 1990 to 2000 would be due to decline in the value of the dollar. If the values were adjusted for change in the value of the dollar during the 1990s, then the bank deposits in Missouri in 1990 would be $49,651,099,000 x .30 = $14,895,329,000 + 49,651,099,000 = $64,546,428,000 in 2000 dollars. Thus, in constant dollars Missouri, bank deposits increased from an equivalent of $64.54 billion in 1990 to $75.43 billion 2000 - an increase of about 16.9 percent in real dollars during the 1990s.
Table 1 also shows deposits per capita for Missouri and each of the counties in the state. Bank deposits per capita are determined by dividing the total bank deposits in a county by the total population living in that county. Following that procedure shows that bank deposits per person in Missouri in 2000 were $13,480 - an increase from $9,703 in 1990. Comparing change in bank deposits per capita in a county or state over a 10-year period provides some indication of change in economic activity over that period of time. It is important, however, to recall that bank deposits include not only the bank accounts of families but of businesses, organizations and institutions as well.
Bank Deposits and Change in Bank Deposits from 1990-2000 for Missouri Counties
All Missouri counties are served by commercial banks. Therefore, the total dollar value of bank deposits for each county in both 1990 and 2000 is reported in Table1. The values reported are actual deposits in specific banks in the county, but are not necessarily the bank deposits of only persons living in that county. People or businesses may be located in one county but choose to bank in another county.
| Map 1 click map for larger version 
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As shown in Table 1 bank deposits ranged from as low as $31.56 million in Worth County to as high as $14.95 billion in St. Louis County. Map 1 shows there are 13 counties having bank deposits in excess of $1 billion in 2000. There were 38 additional counties having deposits of greater than $250 million but less than a billion.
| Map 2 click map for larger version 
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Bank deposits per capita ranged from as low as $5,260 in Bollinger County in 2000 to as high as $24,600 in St. Louis City. Map 2 shows that there are 23 counties having bank deposits per capita in excess of $15,000. A majority of those counties are located in rural north Missouri. A contributing factor to higher deposits per capita is that a majority of those counties have a relatively small population and have a significant number of commercial farms and other businesses. Farms are often not very profitable but they do have a significant amount of cash flow associated with purchase of production inputs and marketing of a relatively large quantity of commodities.
Some urban counties such as Jackson County and St. Louis City have large deposits per capita because major commercial banks are located in the city although the population of the metro area is concentrated in the suburban counties. Cole County is also somewhat unusual because of bank deposits associated with state government and related agencies and organizations. Therefore, deposits are disproportionately large although the population of the county is relatively small.
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OSEDA Regional Grouping of Counties Many demographic factors vary by region within the state of Missouri. For the convenience of our user community, OSEDA prepares tables using three different regional groupings of counties: Extension, Economic Development and Transportation. For each of these groupings, one table summarizes the indicators by regional total and a second table shows values for each county grouped by region. Users may select the county grouping most helpful for their application and understanding. |
Bank Deposits and Bank Deposits Per Capita in Missouri Regions 1990-2000
Bank Deposits and Deposits Per Capita, 1990-2000 in University of Missouri Extension Regions
All eight MU Extension Regions had bank deposits of at least $2.88 billion (Northeast Region) in 2000. The greatest deposits were in the East Central (St. Louis) Region with $29.89 billion and the West Central (Kansas City) Region with $16.33 billion. Together, those two regions accounted for 61.3 percent of total bank deposits in 2000. Following those two were the Southwest Region with $8.51 billion and the Central Region with $6.11 billion. The remaining four regions were relatively close together ranging from $2.88 billion in the Northeast Region to $4.30 billion in the Southeast Region.
The greatest percentage gain in bank deposits during the 1990s occurred in the South Central and the Southwest Regions with increases of 85.4 percent and 81.6 percent respectively. The Central Region with an increase of 74.0 percent followed them. Those three were the regions having the greatest percentage increases in population during the 1990s - a major contributor to increases in bank deposits.
The lowest percentage increases in bank deposits during the 1990s were in the West Central Region (25.0 percent) followed by Northwest with 34.7 percent and Southeast with 37.1 percent. It is possible that there was some relocation of banks in the West Central Region during the 1990s. In 1990 the West Central Region had deposits of $12,250 per capita - the highest per capita deposits in the state. But by 2000 deposits per capita in the West Central Region increased to $13,976 - the lowest regional increase in the state during the 1990s.
Bank deposits per capita are affected both by the size and change in population of a region and by change in total bank deposits. As shown in Table 2, there was very little difference in bank deposits per capita among the Central, East Central, Northeast, Northwest and West Central Regions. Deposits per capita in these five regions were grouped between $13,672 in the Central Region to $14,752 in the Northeast Region. Likewise there was very little difference among the remaining three regions with their deposits per capita ranging from $11,633 in the South Central Region, $11,694 in the Southwest Region and $11,996 in the Southeast Region.
The greatest percentage gain in deposits per capita occurred in the South Central Region which went from $7,107, by far the lowest in the state in 1990, to $11,633 in 2000 - an increase of 62.6 percent. There were five regions (Central, East Central, Northeast, Southeast, and West Central) in which per capita deposits increased by between 41.0 percent in the Southeast Region to 48.6 percent in the Northeast Region.
Bank Deposits and Deposits Per Capita, 1990-2000 in the Missouri Department of Economic Development Regions
All thirteen Department of Economic Development (DED) Regions had bank deposits of at least $1.24 billion (North Central Region) in 2000. The greatest deposits were in the St. Louis MSA with $28.68 billion and the Kansas City MSA with $15.15 billion. Together, those two regions accounted for 58.1 percent of total bank deposits in 2000. Following those two were the Springfield-Branson Region with $5.47 billion and the Central Region with $5.11 billion. The remaining nine regions were relatively close together ranging from $1.24 billion in the North Central Region to $3.24 billion in the Southwest Region.
The greatest percentage gain in bank deposits during the 1990s occurred in the Springfield-Branson and the Lake Ozark - Rolla Regions with increases of 95.0 percent and 85.7 percent respectively. The Central, South Central and Northeast Regions followed them with increases of 76.0, 75.6 and 75.2 percent respectively. With the exception of the Northeast Region, the remaining four regions having the greatest increases in bank deposits during the 1990s were the regions also having the greatest percentage increases in population during the 1990s, a major contributor to increases in bank deposits.
The lowest percentage increases in bank deposits during the 1990s were in the Kansas City MSA (22.2 percent) followed by Lower East Central - Cape with 32.7 percent and North Central with 32.4 percent. It is possible that there was some relocation of banks in the Kansas City MSA during the 1990s. In 1990 the Kansas City MSA had deposits of $12,672 per capita - the highest per capita deposits in the state. But by 2000 deposits per capita in the Kansas City MSA increased to $14,156 - the lowest regional increase in the state during the 1990s.
Bank deposits per capita are affected both by the size and change in population of a region and by change in total bank deposits. As shown in Table the regions having the highest bank deposits per capita in 2000 were the North Central ($16, 839), Northeast ($15,312) and Northwest ($14,257). An important contributing factor is that those three regions had modest increases in total bank deposits but had very little increase in population. Corresponding illustrations of the effect of population change on bank deposits per capita are the Southwest and the South Central Regions which had deposits per capita in 2000 of $10,696 and $10,780 respectively - the lowest among the 13 DED Regions. Although those two regions had significant percentage increases in bank deposits per capita during the 1990s their increase in population was even greater.
Aside from the three Northern Regions and the two Southern Regions, six of the remaining regions had deposits per capita ranging from $11,348 in the Bootheel Region to $13,444 in the Central Region.
The greatest percentage gain in deposits per capita occurred in the South Central Region, which increased from $6,839, by far the lowest in the state in 1990, to $10,780 in 2000 - an increase of 62.4 percent. There were five regions (West Central, Bootheel, Lake Ozark-Rolla, St. Louis MSA and Northeast) in which per capita deposits increased by between 49.5 percent in the West Central Region to 59.2 percent in the Northeast Region.
Bank Deposits and Deposits Per Capita, 1990-2000 in Missouri Department of Transportation Districts
All ten MODOT Districts had bank deposits of at least $2.55 billion (Hannibal District) in 2000. The greatest deposits were in the St. Louis District with $28.08 billion and the Kansas City District with $15.71 billion. Together, those two districts accounted for 58.1 percent of total bank deposits in 2000. Following those two were the Springfield District with $6.42 billion and the Jefferson City District with $6.10 billion. The remaining six districts were relatively close together ranging from $2.55 billion in the Hannibal District to $4.82 billion in the Sikeston District.
The greatest percentage gain in bank deposits during the 1990s occurred in the Springfield, Jefferson City and Willow Springs Districts with increases of 95.8 percent, 81.3 percent and 75.8 percent respectively. The Joplin and Hannibal Districts followed with increases of 64.8 percent and 64.4 percent respectively. With the exception of the Hannibal District the other four of the above were the Districts having the greatest percentage increases in population during the 1990s - a major contributor to increases in bank deposits.
The lowest percentage increases in bank deposits during the 1990s were in the Kansas City District (23.4 percent) followed by St. Joseph with 37.6 percent and Sikeston with 39.5 percent. It is possible that there was some relocation of banks in the Kansas City District during the 1990s. In 1990 the Kansas City District had deposits of $12,436 per capita - the highest per capita deposits in the state. But by 2000 deposits per capita in the West Central Region increased to $14,014 - the lowest district increase in the state during the 1990s.
Bank deposits per capita are affected both by the size and change in population of a region and by change in total bank deposits. As shown in Table 3 the districts having the highest bank deposits per capita in 2000 were Macon ($16, 839), St. Louis ($14,470), Kansas City ($14,014) and St. Joseph ($13,749). An important contributing factor is that those three regions had modest increases in total bank deposits but had little relative increase in population. Corresponding illustrations of the effect of population change on bank deposits per capita are the Willow Springs, Joplin and Springfield Districts which had deposits per capita in 2000 of $9,970, $10,905 and $12,385 respectively - the lowest among the 10 MODOT Districts. Although those three regions had significant percentage increases in bank deposits per capita during the 1990s their increase in population was even greater.
Aside from the six districts discussed above, the remaining four districts had deposits per capita ranging from $12,221 in the Sikeston District to $13,458 in the Jefferson City District.
The greatest percentage gain in deposits per capita occurred in the Sikeston District, which increased from $6,186, by far the lowest in the state in 1990, to $9,970 in 2000 - an increase of 58.5 percent. There were five districts (Joplin, Springfield, Jefferson City, Hannibal and St. Louis) in which per capita deposits increased by between 46.9 percent in the Joplin District to 55.5 percent in the St. Louis District.
Additional tables are attached which report Bank Deposits and Deposits Per Capita, by State and County 1990-2000 for three different sets of regions: eight University of Missouri Extension regions; 10 Missouri Department of Transportation regions; and 13 Missouri Department of Economic Development regions.
| Detailed Tables about Bank Deposits and Deposits Per Capita, by State and County 1990-2000 | ||
| The following links provide detailed tables of Bank Deposits and Deposits Per Capita, by State and County 1990-2000. They are in both HTML and Adobe Acrobat (PDF) formats. | ||
| All Missouri Counties | ||
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 | HTML | |
| Regional Tables | ||
| UO/E Regions | ||
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By UM Extension Region | HTML | |
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By County Within UM Extension Region | HTML | |
| DED Regions | ||
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By DED Region | HTML | |
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By County Within DED Region | HTML | |
| MoDOT Regions | ||
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By DOT District | HTML | |
| Bank Deposits and Deposits Per Capita, by State and County 1990-2000 - By County Within DOT District | HTML | |
This file last modified Thursday May 07, 2009, 14:37:12
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