With 4,614 banks of all sizes, the U.S. has one of the deepest and most diverse banking systems in the world. The wide range of banks serving communities across the country continues to be a source of strength for our economy. Each bank has its own unique approach, capabilities, and strengths. Together, America's banks provide the fuel that drives the U.S. economy forward.
The U.S. banking marketplace is also highly competitive with community, midsize, regional and global systemically important banks (GSIBs) all vying for individual and business customers. See the many ways banks of all sizes serve their customers and communities.
ABA President & CEO Rob Nichols joins Yahoo! Finance to discuss the health of the banking sector and ABA's letter urging the SEC to investigate manipulative short selling of bank stocks.
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As the Federal Deposit Insurance Corporation’s latest Quarterly Banking Profile shows, the banking sector remains strong amid continued economic uncertainty. Below are charts that detail key indicators of the industry’s health.
Source: FDIC
Source: FDIC
Banks saw a record flood of deposits during the pandemic as Americans moved their funds to the safety of banks. It’s not surprising that in the post pandemic period, deposits have returned to more normal levels. These charts show the history and recent trends in deposit flows.
Source: FDIC
Source: FDIC
