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August 20, 2004 at 08:00 PM
Banks are reporting a big increase in average investment product transaction sizes for 2003.[@@]
Average transaction sizes increased for almost every investment product category except stock sales, according to the American Bankers Association, Washington.
The average transaction size increased to $31,800 for fixed annuities, up from $22,300 in 2000, when the ABA conducted the previous transaction size survey.
The average increased to $40,300, from $26,300, for variable annuities, and it increased to $16,000, from $13,000, for mutual fund transactions.
The average rose to $39,200, from $22,400, for bond sales, but it fell to $5,800, from $7,500, for stock sales.
