Published on 9 May 2024 on Insider Monkey via Yahoo Finance
20 Largest Banks in the US by Asset Size in 2024
In this article, we will look at the 20 largest banks in the US by asset size in 2024. If you wish to skip our detailed analysis, you can go directly to 5 Largest Banks in the US by Asset Size in 2024.
Overview of the Banking Sector in the US
According to the latest data by the Federal Reserve System, the total assets for large domestically chartered commercial banks stood at $13.48 trillion as of April 10, 2024. The total assets for small domestically chartered banks were $6.64 trillion as of the same date. Assets of the large commercial banks between January 2015 and March 2023 increased from $9.1 trillion to $13.2 trillion. This translates to an asset increase of around 44.8%. Assets of small commercial banks increased from $3.6 trillion to $7 trillion in the same period, reporting a 94.5% increase. The report also shows a 22.7% increase in the assets of foreign-related institutions active in the United States between January 2015 and March 2023. Their total assets went from $2.5 trillion in 2015 to $3.1 trillion in 2023.