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VERIBANC ANALYSIS INDICATES BANKING INDUSTRY GENERALLY HEALTHY BUT MORE BANKS ARE LOSING MONEY

 WAKEFIELD, Mass., Oct. 8 /PRNewswire/ -- On Oct. 6, the Federal Reserve Board released second quarter, 1993 call report data for each of the nation's 11,768 commercial banks and savings banks. VERIBANC has completed its review of this data which shows that bank earnings have lost ground since the first quarter, even when seasonal effects are taken into account. However, the study also shows that capital has continued to increase and than more banks are in good health than at the end of last year's second quarter.
 The full report provides state-by-state breakdowns of undercapitalized banks, banks in areas affected by the summer's Midwest flooding and newly available small business and small farm lending data. As of the end of the second quarter, 91 banks nationwide were undercapitalized. A total of 2,917 banks in 431 flood-impacted cities and counties has $209 billion in loans that may feel the effects of the recent Midwest floods. Nationwide, the number of loans to small businesses and small farms total 8.6 million, with $313 billion of these serving the nonfarm sector and $47 billion directed to agriculture.
 A new data base of foreign bank financial data indicates a world- wide population of 2,599 large financial firms (each with assets exceeding $1.0 billion) spread among 152 countries. A total of 7,413 banks and bank-like institutions are represented in the country-by- country breakdown.
 DEPOSITSURE, the private excess FDIC deposit insurance, is now available in 47 of the 50 states. The analysis also provides an update on 301 Blue Ribbon Banks which have received special recognition for safety and soundness during each of the past 12 years.
 VERIBANC is a private bank rating and research firm that specializes in providing plain English information to consumers and business people outside of the banking industry. In addition, the company performs specialized analysis and research for bank and nonbank clients including corporate, institutional, and government agencies, as well as federal and state bank regulators. Ratings for any bank, thrift or credit union in the country are available from VERIBANC for as little as $10 for the first institution and $5 for each additional institution. The company also sells more detailed reports.
 -0- 10/8/93
 /NOTE TO EDITORS: A six-page summary of the study and more detailed information are available upon request./
 /CONTACT: Warren G. Heller, research director of VERIBANC, 617-245-1226/


CO: VERIBANC, Inc. ST: Massachusetts IN: FIN SU:

JL-SJ -- NE001 -- 0034 10/08/93 08:56 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
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