US retail deposits registered strong
growth for the sixth consecutive quarter for the three months to 31
December.
Total deposits at
FDIC-insured institutions increased by 1.8% or $183.2bn in the
fourth quarter of 2011 quarter-on-quarter.
Over the last six
quarters, deposits at FDIC-insured institutions have risen by more
than $1trn.
Most of the growth
consisted of non-interest-bearing transaction deposits; by
contrast, non-deposit liabilities declined by 4.5%.
Total estimated insured
deposits increased by 3.1% percent in the quarter ending December
31, and by 10.5% for all of 2011.
The combined market
shares of the largest 10 US retail banks continues to grow towards
50%; it totaled 46.9% at the end of 2011.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData