Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
FBI Robberies down in third quarter
WASHINGTON (3/28/12)--Robberies and related crimes decreased during third quarter 2011 to 1,094 violations of the Federal Bank Robbery and Incidental Crimes Statue, from the 1,325 reported for the same quarter of 2010, according to the Federal Bureau of Investigation (FBI).

There were 1,081 robberies, 11 burglaries, two larcenies, and one extortion of a financial institution reported between July 1 and Sept. 30, said FBI's Bank Crime Statistics report released Tuesday.

Of the 1,081 total robberies, 94 were committed at credit unions. Commercial banks experienced 959, savings and loan associations 26, and mutual saving banks two. Credit unions also saw two burglaries in the period.

Highlights of the report include:

  • Loot, totaling more than $9.3 million, was taken in 89% of the incidents.
  • Of the loot taken, 25%, or more than $1.9 million, was recovered and returned to financial institutions.
  • Bank crimes most frequently occurred on Friday. Regardless of the day, the time frame when bank crimes occurred most frequently was between 9 a.m. and 11 a.m.
  • Acts of violence were committed in 5% of the incidents, resulting in 18 injuries, three deaths, and four persons taken hostage.
  • Demand notes were the most common method of operation used.
  • Most violations occurred in the Western region of the U.S., with 381 reported incidents. The fewest occurred in the Northeast region with 171 reported incidents.
The statistics were recorded as of Oct. 28. Not all bank crimes are reported to the FBI, which means the report is not a complete statistical compilation of all financial institution crimes that occurred in the U.S.

To read the full FBI report, use the link.
Other Resources

RSS print
News Now LiveWire
.@CUNA VP of Econ MIke Schenk featured in Money magazine http://t.co/SC6Shv0lDH
9 hours ago
#NewsNow: @CFPB develops tools for student loan debt relief. http://t.co/a6pOReC86F
9 hours ago
Stephanie Smith has been named as the new executive director of America's #CreditUnion Museum. (2 of 2)
10 hours ago
America's #CreditUnion Museum executive director Peggy Powell is stepping down after 15 years. (1 of 2)
10 hours ago
#NewsNow League presidents raise voices for data breach protection http://t.co/zX1UsvsQP6
12 hours ago