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There's four banks with over $1T in assets, eight with over $500B, nineteen with over $200B, and 29 with over $100B: https://www.federalreserve.gov/releases/lbr

by koolba 2y ago

There's four banks with over $1T in assets, eight with over $500B, nineteen with over $200B, and 29 with over $100B: https://www.federalreserve.gov/releases/lbr/current/ https://www.federalreserve.gov/releases/lbr/current/ I'd argue there's exactly four banks to choose from if you plan on holding more than the FDIC limits at any one bank as I'm not as confident the rest would have an implicit "too-big-to-fail" guarantee.

barryrandall 2y ago
Most of those banks' customers would be better off at one of the thousands of credit unions in the US.
naniwaduni 2y ago
- If you demand more than an FDIC limit of liquidity in cash, you're not really in the same market for banking services as most natural persons. If the off-the-shelf banking products don't do it for you, you should probably be shopping around and negotiating. - Private insurance is stil a thing. Banks are like some of the most underwriter-legible institutions known to man. - Four is a bigger number than two anyway.
kasey_junk 2y ago
If you are going to hold more than the fdic limits you should use one of the myriad of products designed for that rather than using hope as a risk management technique. They’ve been around for decades and are a normal part of any wealth protection strategy. For better or worse US governmental policy is to encourage myriad amounts of banks, and it’s worked given we have more than any other nation by a long stretch. In fact a lot of the disfunction in our banking system comes from the fact that we have too many banks. No knowledgeable person thinks Americans lack for choice in banking.
- TheCoelacanth 2y ago
  People who have more than the FDIC limits probably have the most choice of banks because they are such desirable customers.
deleted 2y ago
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3 ms·

There's four banks with over $1T in assets, eight with over $500B, nineteen with over $200B, and 29 with over $100B: https://www.federalreserve.gov/releases/lbr

by koolba 2y ago

barryrandall 2y ago
Most of those banks' customers would be better off at one of the thousands of credit unions in the US.
naniwaduni 2y ago
- If you demand more than an FDIC limit of liquidity in cash, you're not really in the same market for banking services as most natural persons. If the off-the-shelf banking products don't do it for you, you should probably be shopping around and negotiating. - Private insurance is stil a thing. Banks are like some of the most underwriter-legible institutions known to man. - Four is a bigger number than two anyway.
kasey_junk 2y ago
If you are going to hold more than the fdic limits you should use one of the myriad of products designed for that rather than using hope as a risk management technique. They’ve been around for decades and are a normal part of any wealth protection strategy. For better or worse US governmental policy is to encourage myriad amounts of banks, and it’s worked given we have more than any other nation by a long stretch. In fact a lot of the disfunction in our banking system comes from the fact that we have too many banks. No knowledgeable person thinks Americans lack for choice in banking.
- TheCoelacanth 2y ago
  People who have more than the FDIC limits probably have the most choice of banks because they are such desirable customers.
deleted 2y ago
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