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. GSIBshave the size and scale necessary to meet the complex financial requirements of America’s multinational corporations, while alsoserving the banking needs of millions of consumers and smaller businesses. They are among the biggest employers in the country.

GSIBs at-a-glance

$11.0 trillion total assets
13,967 branches and offices
841,689 Americans employed

Source Credit: Federal Deposit Insurance Corporation, data as of December 31, 2023

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

Hold nearly $4.43 trillion in loans for local communities
Hold 36% of total loans outstanding in the industry
Hold more than 9.3 million small-dollar loans for business totaling more than $112 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, 2023

Lending by GSIBs banks totaled $4.43 trillion in 2022

1-4 family: $1,077 billion
Family homes, condos, townhomes

Consumer loans: $813 billion
Credit Cards: $526 billion

Consumer & industrial loans: $908 billion

State & local government: $68 billion
Includes lending for schools, roads and other infrastructure