Banking in the United States is regulated by both the federal and state governments.
The five largest banks in the United States at December 31, 2011 were JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs. In December 2011, the five largest banks’ assets were equal to 56 percent of the U.S. economy, compared with 43 percent five years earlier.
| Banking in the United States | |
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Monetary policy |
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Regulation |
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Lending |
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Deposit accounts |
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Deposit account insurance |
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Electronic funds transfer (EFT) |
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Check Clearing System |
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Types of bank charter |
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Read more about Banking In The United States: Regulatory Agencies, Active Banks of The United States, Bank Mergers and Closures, Antebellum History, Surging Demand For Capital in The Gilded Age, Early 20th Century, New Deal-era Reforms, Bretton Woods System, Automated Teller Machines, Nixon Shock, Deregulation of The 1980s and 1990s, Repeal of The Glass-Steagall Act, Late-2000s Financial Crisis
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—William Howard Taft (1857–1930)
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—Franklin D. Roosevelt (1882–1945)