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To: Jumper who wrote (2031)2/26/1998 3:34:00 PM
From: TLindt  Read Replies (2) | Respond to of 8545
 
Boring Federal Stuff...One of these analysts is going to get Idiot of the year Award! IMHO. Read the whole damm thing....

RESULTS IN BRIEF
------------------------------------------------------------ Letter :1

As of June 1997, we projected that an estimated 7 percent of U.S.
banks
( 3 percent sampling error\3 ) offered on-line banking services,
which most typically allow customers to access account information
and transfer funds between their accounts. On the basis of plans
reported to us by surveyed banks, we projected rapid growth in
on-line banking over the next year and a half as the number of U.S.
banks implementing on-line systems is expected to increase about
fivefold nationwide. Bank officials identified three primary reasons
for their banks' offering on-line banking: keeping existing
customers, remaining competitive, and attracting new customers.
Officials of 170 of the 185 surveyed banks (92 percent) currently
offering on-line services said their on-line banking systems had met
or exceeded their expectations.

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