Large Globally Active Banks Fuel America's Economy

LARGE GLOBALLY ACTIVE BANKS FUEL AMERICA’S ECONOMY

Global systemically important banks (GSIBs) are significant drivers of not just the American economy but the world economy. GSIBs have the size and scale necessary to meet the complex financial requirements of America’s multinational corporations, while also serving the banking needs of millions of consumers and smaller businesses. They are among the biggest employers in the country.

GSIBs at-a-glance

$10.7 trillion total assets
14,231 branches and offices
825,035 Americans employed

Source Credit: Federal Deposit Insurance Corporation, data as of December 31, 2022

GSIBs help drive America’s economic growth and are vital to maintaining a highly competitive and resilient banking system.

Hold nearly $4.23 trillion in loans for local communities
Hold 34% of total loans outstanding in the industry
Hold more than 8.7 million small-dollar loans for business totaling more than $100 billion (includes small business, small commercial real estate, small farmland and small ag production)

Source Credit: Federal Deposit Insurance Corporation, data as of December 31, 2022

Lending by GSIBs banks totaled $4.23 trillion in 2022

1-4 family: $955 billion
Family homes, condos, townhomes

Consumer loans: $753 billion
Credit Cards: $464 billion

Consumer & industrial loans: $703 billion

State & local government: $70 billion
Includes lending for schools, roads and other infrastructure