Bank and thrift charters have experienced a multidecade decline. More recently, however, the number of bank and thrift branches has fallen. This recent trend has led to an overall reduction in the number of banking facilities in the United States. At the same time, the banking system has experienced an influx of deposits in banks of all sizes. This briefing examines the current trends in banking facilities and deposits.
Eighteen banks were closed in 2014, marking the lowest number of bank failures since 2007. The failed banks had unusually high levels of nonperforming commercial and industrial loans as well as nonperforming commercial real estate loans compared with a peer group of institutions.
This issue of Banking Insights examines the current credit expansion and reviews bank portfolios by loan type and bank asset size to highlight which types of banks are most aggressively expanding credit.
This issue of Banking Insights looks at the trend in the number of bank and thrift charters over the past 12 years and uses historical consolidation activity as a predictor of what the future may hold.
Banking Insights is published periodically by the Banking Supervision and Regulation division of the Federal Reserve Bank of St. Louis and is produced by the Supervisory Policy and Risk Analysis unit. Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or the Federal Reserve System.