Financial Institutions

1. Banks are very important to the American public. Banks allow individuals to perform necessary banking needs. These needs contribute to the transferring of money from individuals to business. After reviewing the trend in banking branches, it is determined that there is a huge increase in bank branches then in 1934. Bank branches were very almost nonexistent in the 1930s and increased as time went on. The increase in branches has shown a steady decrease in institutions. These increases and decreases show an overall increase in facilities. It seems that the public has more access to banking facilities then in 1934. There were 14,146 offices available in 1934 and in 2009 there are over 90,159. The trend shown for banking statistics shows that consolidating is a growing and continuing trend.