Attachment to testimony of Chairman Alan Greenspan
H.R. 10, the Financial Services Act of 1998
Before the Committee on Banking, Housing, and Urban Affairs,
U.S. Senate
June 17, 1998
Attachment 3
National Bank Market Shares
Chart A3-1 shows the significant increase in market share for national banks in 1997 and early 1998, when the logic of interstate branching induced conversions mainly from state nonmember to national bank charters, as well as absorption by national banks of state banks through merger. Table A3-1 provides more detail on such shifts.
Table A3-1
Net Change in Commercial Bank Assets from De Novos, Mergers, and Charter Conversions
Assets ($ Billions)
1995-1998 |
| |
| National Banks |
| |
1995 |
1996 |
1997 |
First 5
Mos. 1998 |
12/31/94-
06/09/1998 |
|
| Additions From: |
|
|
|
|
|
| De Novo Banks |
4.0 |
6.5 |
7.6 |
0.8 |
18.9 |
| Mergers with Other Charter Types |
22.0 |
86.4 |
113.9 |
17.4 |
239.7 |
| Charter Conversions |
21.1 |
52.8 |
60.3 |
2.6 |
136.8 |
|
| Total Additions |
47.1 |
145.7 |
181.8 |
20.8 |
395.4 |
| |
|
|
|
|
|
| Deletions From: |
|
|
|
|
|
| Failures |
0.0 |
0.1 |
0.0 |
0.0 |
0.1 |
| Mergers with Other Charter Types |
16.2 |
136.5 |
7.6 |
2.8 |
163.1 |
| Charter Conversions |
49.7 |
6.0 |
0.9 |
2.8 |
59.4 |
|
| Total Deletions |
65.9 |
142.6 |
8.5 |
5.6 |
222.6 |
| Net Increase In National Bank Assets from |
|
|
|
|
|
| De Novos, Mergers, and Charter Conversions |
-18.8 |
3.1 |
173.3 |
15.2 |
172.8 |
| |
| State Banks |
| |
1995 |
1996 |
1997 |
First 5
Mos. 1998 |
12/31/94-
06/09/1998 |
|
| Additions From: |
|
|
|
|
|
| De Novo Banks |
8.0 |
2.6 |
2.4 |
1.0 |
14.0 |
| Mergers with National Banks |
16.2 |
136.5 |
7.6 |
2.8 |
163.1 |
| Charter Conversions |
51.0 |
9.1 |
18.2 |
2.8 |
81.1 |
|
| Total Additions |
75.2 |
148.2 |
28.2 |
6.6 |
258.2 |
| |
|
|
|
|
|
| Deletions From: |
|
|
|
|
|
| Failures |
0.7 |
0.0 |
0.0 |
0.0 |
0.7 |
| Mergers with National Banks |
22.0 |
86.4 |
113.9 |
17.4 |
239.7 |
| Charter Conversions |
18.9 |
52.4 |
45.7 |
2.2 |
119.2 |
|
| Total Deletions |
41.6 |
138.8 |
159.6 |
19.6 |
359.6 |
| Net Increase In State Bank Assets from |
|
|
|
|
|
| De Novos, Mergers, and Charter Conversions |
33.6 |
9.4 |
-131.4 |
-13.0 |
-101.4 |
The memo panel of Table A3-2 also clearly indicates that interstate branching is dominated by national banks. The upper two panels of the table show the dominance of the national bank charter among the larger banks.
Table A3-2
Percent Distribution
Various Indicators of Relative Size
By Charter Class of Commercial Bank
As of March 31, 1998 |
| Indicator |
Charter Class |
| National |
State Member |
State Nonmember |
| (OCC) |
(FR) |
(FDIC) |
| |
|
|
|
| |
Top 25 By Size |
| Consolidated Assets |
70.6 |
29.4 |
0.0 |
| Domestic Deposits |
82.2 |
17.8 |
0.0 |
| Offices in U.S. |
92.2 |
7.8 |
0.0 |
| |
|
|
|
| |
Top 50 By Size |
| Consolidated Assets |
68.0 |
30.5 |
1.5 |
| Domestic Deposits |
75.9 |
21.8 |
2.3 |
| Offices in U.S. |
83.3 |
13.5 |
3.2 |
| |
|
|
|
| |
All |
| Consolidated Assets |
58.1 |
24.4 |
17.5 |
| Domestic Deposits |
58.4 |
18.6 |
23.0 |
| Offices in U.S. |
58.1 |
15.8 |
26.1 |
| |
|
|
|
| |
Number of Banks Operating Full-service Facilities in: |
| 2 states |
37 |
8 |
23 |
| 3 states |
13 |
6 |
2 |
| 4 states |
3 |
2 |
0 |
| 5 states |
2 |
0 |
1 |
| More than 5 states |
10 |
0 |
0 |
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