The original study provided lessons regarding the collection of data from the banking sector.  In order to insure consistent and comparable data across the eight banks of Clinton County, a new methodology was employed in 1996 and replicated in 1998. Unfortunately, only seven of the eight banks were able to participate in 1998. Banks were requested to provide data on the total average collected balances for Calendar Year 1998 in term and demand accounts of Canadian individuals, Canadian-owned businesses in and outside of Clinton County, International border businesses, and Public border-related agencies.   A term account refers to certificates of deposit and other accounts which cannot be freely drawn upon prior to completion of a minimum time period.  Demand accounts are savings and checking accounts which may be drawn upon at any time.

Estimated Aggregate "Average Collected Balances" for Accounts Held by Canadian Individuals, Canadian-owned Businesses, International Border Businesses,and Public Border-related Agencies. 1994, 1996 and 1998.

Percentages do not sum to 100% due to rounding error.

The percentage of average collected balances of Canadian individuals remains the largest overall but continues to decline, while the percent held by Canadian-owned businesses in Clinton County continues to grow. Similarly, the percentage held by Canadian-owned businesses not in Clinton County continues to decline while the percentage held by international border businesses has grown. 

In order to maintain consistent trend data, comparison between 1996 and 1998 data includes only the seven banks able to respond in both replications. Overall, total Canadian and border related deposits, reported by seven banks, have decreased significantly  from 1996 to 1998. There was a 65% decline in total deposits from 1996 to 1998.  There were also significant declines in bank deposits by Canadian individuals (69%) and Canadian owned companies not located in Clinton County (90%). Deposits form Canadian owned businesses in Clinton County and public border-related agencies also declined, although less dramatically.  Deposits of international border businesses, however, increased 24% from 1996 to 1998. 

In 1994 and 1996, Canadian individuals accounted for at least 80% of  total Canadian and border-related deposits. In 1998, Canadian individuals accounted for only  69% of total Canadian and border-related deposits. Conversely, the share of total Canadian and border-related deposits attributed to Canadian-owned businesses in Clinton County  increased considerably from 11% in 1996 to 21% in 1998.

Term accounts represent 70% of Canadian-owned businesses, International border businesses, and Public border-related average collected balances. Though the amount of balances is smaller than in 1996, the distribution of term and demand accounts is similar. Of these term deposits, 94% are held by Canadian individuals. Canadian individuals also hold 34% of Canadian and border-related demand accounts. Canadian-owned businesses located in Clinton County hold 51% of demand deposits.

Methodological Notes:

Eight banking institutions in Clinton County were surveyed by mail for this report.  One bank was unable to respond to the query for information regarding deposits by Canadian interests, International border companies and Public border-related agencies and another was unable to provide data for average collected balances held by Canadian individuals, Canadian-owed businesses not in Clinton County, and Public border-related agencies. The remaining banks were able to provide total average collected balances for the 1998 Calendar Year segregated by term and demand accounts.

  Recommendations for Replication:

Although all eight banking institutions were not able to supply complete data, each institution has committed to supplying as much data as possible. The methodology now established requesting aggregate average collected balances for term and demand accounts for the calendar year should be followed for future replications.