In the real-life stress test of the pandemic, the largest banks have been resilient and increased lending to people and small businesses to move the country forward. This strength has allowed us to support businesses, households, and communities with $9.3 trillion in credit (an increase of $1.33 trillion since the beginning of the pandemic) and fund states and localities to build and upgrade vital infrastructure, like hospitals, schools, roads, and bridges.
The Value and Strength of America’s Largest Financial Institutions
We support economic growth by lending to consumers, businesses, and other financial institutions, and foster deep and liquid capital markets that allow the U.S. government and private institutions to finance public spending and investment. Our financial institutions provide a wide range of products and services that supports the ability of consumers, governments, and businesses of all sizes to grow and create jobs in the United States.
Detailed Information
We promote savings and investment through lending. Forum members hold $4.69 trillion in loans, accounting for 38 percent of total lending by banks to businesses and households. Forum members provide nearly half of all consumer loans by banks in the United States. Consumer lending supports loans for a variety of household needs, such as the purchase of a new car or furnishing a new home.
in loans - 38% of U.S. lending to businesses and households.
U.S. Consumer Lending
Forum members provide $842 billion in consumer loans.
Forum Member Amount of Outstanding Business Loans Less Than $100,000
Holding $93 billion in small business loans, our members are a major source of lending to small businesses, helping the economy grow at both a community and national level.
Our underwriting activities foster deep and liquid capital markets and support corporate investment in America. We underwrite nearly three-quarters of debt and equity transactions–such as initial public offerings–among large institutions in the United States, providing a critical service that that other U.S. institutions cannot offer.
invested in municipal securities that fund projects like hospitals, roads, bridges and schools.
Underwriting Four-Quarter Average for Periods Ending Q4 2022 and Q4 2023
Our members underwrite nearly three-quarters of debt and equity transactions.
Forum Member Municipal Security Holdings
Forum member municipal security holdings have increased in the past decade.
Our institutions help foster deep and liquid capital markets, ensuring the U.S. government and private institutions are able to effectively finance public spending and investments in the real economy.
of Common Equity Tier 1 capital.
Forum Member Common Equity Tier 1 Capital
Forum members have significantly enhanced the quality and quantity of their capital.
Forum Member Stress Test Losses to Tier 1 Capital
Forum members maintain substantial capital to sustain losses as severe as those contemplated in the stress tests.
In addition to significant annual increases in capital and liquidity levels, several post-crisis regulatory and supervisory reforms have greatly increased the safety and resilience of the U.S. financial system. These include enhanced supervision at member institutions, improved resolvability, and new requirements to issue long-term debt, among others..
Forum Member Unique Subsidiaries
Total subsidiaries at U.S. GSIBs have declined by 31% since 2009, which suggests a significant decrease in organizational complexity.
FAQs
Forum member institutions are essential to the economy
Is the Financial Services Forum Republican or Democrat? ›
The Financial Services Forum is an American, non-partisan economic policy and advocacy organization whose members are the chief executive officers of the eight largest and most diversified financial institutions headquartered in the United States.
How much of the US economy is financial services? ›
Share of value added to the gross domestic product of the United States in 2023, by industry
| Industry | Share of GDP |
|---|
| Finance, insurance, real estate, rental, and leasing | 20.7% |
| Professional and business services | 13% |
| Government | 11.4% |
| Manufacturing | 10.3% |
9 more rowsApr 3, 2024
The financial services sector is the primary driver of a nation's economy. It provides the free flow of capital and liquidity in the marketplace. When the sector is strong, the economy grows, and companies in this industry are better able to manage risk.
What are the five most important banking services? ›
The 5 most important banking services are checking and savings accounts, loan and mortgage services, wealth management, providing Credit and Debit Cards, Overdraft services. You can read about the Types of Banks in India – Category and Functions of Banks in India in the given link.
How many Republicans are in the financial services Committee? ›
United States House Committee on Financial Services
| Standing committee |
|---|
| Vice chair | French Hill (R) Since January 3, 2023 |
| Structure |
| Seats | 52 |
| Political parties | Majority (29) Republican (29) Minority (23) Democratic (23) |
9 more rowsEconomic issues. The Republican Party since the 1920's has adhered to an ideology of fiscal conservatism. Republicans strongly believe that free markets and individual achievement are the primary factors behind economic prosperity.
What is the biggest contributor to the US economy? ›
Like most other developed nations, the U.S. economy is largely based on services. Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP.
Is the US economy doing well? ›
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the "second" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent.
What country owns a large portion of US debt Quizlet? ›
China holds a vast portion of the U.S. national debt.
The pros and cons of a career in financial services
- Financially rewarding. ...
- Variety. ...
- Exposure. ...
- Social Scene. ...
- Long hours. ...
- Difficult characters. ...
- Competition for jobs is high. ...
- Few permanent opportunities.
Banks and other financial service providers
Accept deposits and repayable funds and make loans: Providers pay those who give them money, which they in turn lend or invest with the goal of making a profit on the difference between what they pay depositors and the amount they receive from borrowers.
What are three ways banks make money? ›
They earn interest on the securities they hold. They earn fees for customer services, such as checking accounts, financial counseling, loan servicing and the sales of other financial products (e.g., insurance and mutual funds).
What are the 5 C's of banking? ›
Lenders also use these five Cs—character, capacity, capital, collateral, and conditions—to set your loan rates and loan terms.
What are the 7 P's in banking services? ›
Introduction to the 7ps in Marketing
And to create the necessary blend, firms often involved in the seven “Ps” of marketing also can be known as the four “Ps” consisting of Product, Price, Place, Promotion, People, Process, and Physical Evidence (can be also grouped as Product, Price, Place, and Promotion).
Who has the biggest banking system in the world? ›
Biggest Banks in the World 2024
- Industrial and Commercial Bank of China (ICBC) Total Assets: $6.118 Trillion. ...
- Wells Fargo. Total Assets: $1.886 Trillion. ...
- HSBC. Total Assets: $2.989 Trillion. ...
- Morgan Stanley. Total Assets: $1.199 Trillion. ...
- China Construction Bank (CCB) Total Assets: $5.376 Trillion.
Welcome to the Financial Conduct Authority.
Who is the regulator of financial services in the US? ›
The Federal Reserve is responsible for supervising--monitoring, inspecting, and examining--certain financial institutions to ensure that they comply with rules and regulations, and that they operate in a safe and sound manner.
Who of the following is on the financial services Commission? ›
Final answer: The Financial Services Commission typically includes positions such as the Chief Financial Officer, Commissioner of Agriculture, and the Governor.
What happened to the financial services Authority? ›
When and Why Was the FSA Dissolved? After the financial crisis of 2007–2008, and due to the perceived regulatory failure of the banks, the UK government decided to restructure financial regulation and abolish the FSA in accordance with the Financial Services Act 2012.
