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Distribution of Bank Assets by Size of Institution, 2011 vs. 2007

| Written by Stacy Mitchell | 1 Comment | Updated on May 18, 2012 The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/distribution-bank-assets-size-institution-2011-vs-2007/

Distribution of Bank Assets by Size of Institution, 2011

More than three years after their reckless greed triggered the Great Recession, the nation’s biggest banks have paid almost no penalty and are bigger than ever, as these two graphs illustrate.

In 2007, the top four banks — Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo — held assets of $4.3 trillion*, which amounted to 33 percent of the all assets held by U.S. depository institutions (commercial banks and credit unions). By the end of 2011, they controlled $5.9 trillion, or 40 percent of assets.

Overall, in the space of just four years, the share of assets held by these four banks plus another 15 giant banks (defined those with more than $100 billion in assets) rose from 49% to 56%. Meanwhile, the share held by small and medium-sized banks and credit unions declined.

* These figures count only the assets held by the banks’ FDIC-insured subsidiaries and do not reflect nondeposit subsidiaries.

Distribution of Bank Assets by Size of Institution, 2007

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About Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance, and directs its Community-Scaled Economy Initiative, which produces research and analysis, and partners with a range of allies to design and implement policies that curb economic consolidation and strengthen community-rooted enterprise.  She is the author of Big-Box Swindle and also produces a popular monthly newsletter, the Hometown Advantage Bulletin.  Connect with her on twitter and catch her TEDx Talk: Why We Can’t Shop Our Way to a Better Economy. More

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