In the past decades, both total bank assets and total deposits have concentrated at the giant banks, those with over $100.2 billion in assets. 1994’s asset composition, for example, looks downright equitable compared to 2018’s. In 1994, small and medium banks had about the same total amount of assets compared to large and giant banks. Today giant banks have about four times the amount small and medium banks have. Giant banks control more than half the total combined assets of the entire industry, and four banks within that group alone have about 36 percent.
- Related Article: Finally, a Bill to Reinstate Limits on Bank Size
See more of our banking charts and data here.
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