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Number of FDIC-insured commercial banks in the U.S. 2000-2019

In 2019, there were 4,519 FDIC-insured commercial banks in the United States. The FDIC, of Federal Deposit Insurance Corporation, is an agency that insures the banking system in the U.S. The number of such registered banks has been declining since 20000, when it there were over 8,300 FDIC-insured banks in the country.

Why do banks need insurance?

The number of banks is shrinking, but the value of deposits in these banks is growing, amounting to trillions of U.S. dollars. The primary function of the FDIC is to insure these deposits up to 250,000 U.S. dollars. In good times, this is no issue. However, during the Financial Crisis, hundreds of FDIC-insured banks declared insolvency. Account holders were then eligible for compensation for the portion of their accounts that the FDIC insured.

Financial figures of the FDIC-insured banks

Except in times of deep recession, U.S. banks have a positive net operating income. It amounted to over 277 billion U.S. dollars in 2018. The value of funds borrowed by the U.S. FDIC-insured banks reached 1.27 trillion U.S. dollars in that year.

Number of FDIC-insured commercial banks in the United States from 2000 to 2019

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Release date

October 2020


United States

Survey time period

2000 to 2019

Supplementary notes

FDIC stands for Federal Deposit Insurance Corporation.
FDIC-insured commercial banks include the following categories of depository institutions insured by the FDIC: national banks, state chartered banks and trust companies (except savings banks), commercial banks, either national or state chartered, insured by the FDIC, other financial institutions which operate under general banking codes, or are specifically authorized by law to accept deposits and in practice do so or the obligations of which are regarded as deposits for deposit insurance.
The statistic does not include figures for Guam, Puerto Rico, Virgin Islands, and all other United States territories and possessions.

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Statistics on "Commercial banks in the United States"

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