FRB: Financial characteristics of all reporting bank holding companies in the United States

4. Nonfinancial characteristics of all reporting bank holding companies in the United States
Account	2001	2002	2003	2004	2005	2004			2005
Millions of dollars except as noted, not seasonally adjusted
Account	2001	2002	2003	2004	2005	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Bank holding companies that qualify as financial holding companies¹ ²
Domestic
Number	389	435	452	474	462	471	477	474	472	470	472	462
Total assets	5,440,842	5,921,493	6,610,429	7,462,622	8,191,459	7,082,367	7,279,238	7,462,622	7,650,658	7,905,412	8,075,295	8,191,459
Foreign-owned³
Number	10	11	12	14	14	14	14	14	15	15	15	14
Total assets	621,442	616,254	710,441	1,376,333	1,561,559	1,117,266	1,193,984	1,376,333	1,526,168	1,516,408	1,625,281	1,561,559

Total U.S. commercial bank assets⁴	6,416,080	6,897,215	7,397,903	8,207,714	8,843,309	7,850,587	8,041,199	8,207,714	8,403,920	8,534,534	8,715,545	8,843,309

By ownership
Reporting bank holding companies	5,942,670	6,429,231	6,941,106	7,785,988	8,420,308	7,409,187	7,599,697	7,785,988	7,991,887	8,119,026	8,293,342	8,420,308
Other bank holding companies	230,467	227,016	219,222	209,115	219,983	211,725	208,697	209,115	204,739	206,203	211,674	219,983
Independent banks	242,944	240,968	237,575	212,611	203,018	229,675	232,805	212,611	207,294	209,306	210,529	203,018

Assets associated with nonbanking activities²⁵
Insurance	426,462	372,405	437,503	579,111	594,847	583,073	579,785	579,111	574,466	582,023	594,068	594,847
Securities broker-dealers	n.a.	630,851	656,775	892,571	1,170,659	710,485	756,869	892,571	1,168,482	1,165,688	1,231,410	1,170,659
Thrift institutions	91,170	107,422	133,056	191,201	220,819	156,033	162,396	191,201	194,267	201,317	210,811	220,819
Foreign nonbank institutions	138,977	145,344	170,630	216,758	242,408	226,094	230,569	216,758	219,829	231,566	242,333	242,408
Other nonbank institutions	1,674,267	561,712	678,088	954,849	976,208	862,230	887,848	954,849	898,420	927,425	961,269	976,208

Number of bank holding companies engaged in nonbanking activities
Insurance	143	96	102	97	97	101	98	97	97	99	98	97
Securities broker-dealers	n.a.	47	50	44	46	48	45	44	43	45	46	46
Thrift institutions	38	32	27	27	26	27	25	27	27	27	25	26
Foreign nonbank institutions	32	37	42	39	35	41	40	39	38	37	38	35
Other nonbank institutions	743	880	1,042	1,026	845	1,030	1,050	1,026	926	886	873	845

Foreign-owned bank holding companies³
Number	23	26	27	29	29	28	28	29	29	30	30	29
Total assets	764,411	762,901	934,085	1,537,208	1,747,765	1,271,378	1,349,900	1,537,208	1,690,119	1,698,197	1,811,451	1,747,765

Employees of reporting bank holding companies (full-time equivalent)	1,985,981	1,992,559	2,034,358	2,162,179	2,241,443	2,085,733	2,133,299	2,162,179	2,168,165	2,199,910	2,221,004	2,241,443

Assets of fifty large bank holding companies⁶ ⁷
Fixed panel (from table 2)	5,896,628	6,258,073	6,917,002	7,952,942	8,631,229	7,551,049	7,752,394	7,952,942	8,217,299	8,429,140	8,504,118	8,631,229
Fifty large as of reporting date	5,732,621	6,032,000	6,666,488	7,940,955	8,631,229	7,385,384	7,644,504	7,940,955	8,206,462	8,417,847	8,489,633	8,631,229
Percent of all reporting bank holding companies	76.6	75.5	75.1	76.8	76.1	76.0	76.8	76.8	76.6	76.8	75.4	76.1

Note: All data are as of the most recent period shown. The historical figures may not match those in earlier versions of this table because of mergers, significant acquisitions or divestitures, or revisions or restatements to bank holding company financial reports. Data for the most recent period may not include all late-filing institutions.

1. Exclude qualifying institutions that are not reporting bank holding companies. Return to table

2. No data related to financial holding companies and only some data on nonbanking activities were collected on the FR Y-9C report before implementation of the Gramm-Leach-Bliley Act in 2000. Return to table

3. A bank holding company is considered foreign-owned if it is majority-owned by a foreign entity. Data for foreign-owned companies do not include data for branches and agencies of foreign banks operating in the United States. Return to table

4. Total assets of insured commercial banks in the United States as reported in the commercial bank Call Report (FFIEC 031 or 041, Reports of Condition and Income). Excludes data for a small number of commercial banks owned by other commercial banks that file separate call reports yet are also covered by the reports filed by their parent banks. Also excludes data for mutual savings banks. Return to table

5. Data for thrift, foreign nonbank, and other nonbank institutions are total assets of each type of subsidiary as reported in the FR Y-9LP report. Data cover those subsidiaries in which the top-tier bank holding company directly or indirectly owns or controls more than 50 percent of the outstanding voting stock and that has been consolidated using generally accepted accounting principles. Data for securities broker-dealers are net assets (that is, total assets, excluding intercompany transactions) or broker-dealer subsidiaries engaged in activities pursuant to the Gramm-Leach-Bliley Act, as reported on schedule HC-M of the FR Y-9C report. Data for insurance activities are all insurance-related assets held by the bank holding company as reported on schedule HC-I of the FR Y-9C report.
Beginning in 2002:Q1, insurance totals exclude intercompany transactions and subsidiaries engaged in credit-related insurance or those engaged principally in insurance agency activities under the Gramm-Leach-Bliley Act. Return to table

6. In general, the fifty large bank holding companies are the fifty largest bank holding companies as measured by total consolidated assets for the latest period shown. Excludes a few large bank holding companies whose commercial banking operations account for only a small portion of assets and earnings. Return to table

7. Changes over time in the total assets of the time-varying panel of fifty large bank holding companies are attributable to (1) changes in the companies that make up the panel and (2) to a small extent, restatements of financial reports between periods. Return to table

n.a. Not available.

Source: Federal Reserve Reports FRY-9C and FR Y-9LP, Federal Reserve National Information Center, and published financial reports.

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