It was found that local banks had no direct exposure to the sub-prime mortgage market, while certain of the banks’ international franchises had only limited exposure. However, indirect effects, such as increased funding costs, were observable.
By 1998 the percentage of households using in-person visits had declined to 80 percent, but this was still by far the most common form of access. Still, the data for 1995 and 1998 suggested change was beginning to occur, and the data for 2001 confirmed that trend.