List of all Banks in America Official Information

The Federal Reserve System is the central banking method of the United States of America. It was established on 23rd December 1913. The US Congress has established three main goals of monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and reducing long-term interest rates. The first two goals are sometimes referred to as the Fed’s dual tasks. Over the years, its responsibilities have expanded and now include overseeing and maintaining the stability of the economical system, supervising banks and providing economical services to depository organizations. In this post, you will get all links and information about banks in USA.

There are mainly four types of banks are currently operating in the USA:

  • Commercial banks – It mainly serves enterprises and provides services such as issuing corporate loans, accepting deposits and providing other basic investment products.
  • Savings Banks – These banks collect deposits from people who open accounts with them, and the money received will be invested by these banks.
  • Savings and loans – These banks enter retail banking services, and those who deposit money there will receive interest on their deposits. These banks will then use the money deposited with them to provide loans such as home loans, car loans, etc.
  • Credit Unions – Finally, these types of banks are non-profit cooperative economical organizations.

Read Also: List of all Banks in Canada

The Federal Reserve System

Banks in USA

At a glance The Federal Reserve System all Information

Headquarters     Eccles Building, Washington, D.C., U.S.
Established         December 23, 1913
Ownership          Private ownership by member banks
Governing body Board of Governors
Chair                  Jerome Powell
Vice-Chair          Richard Clarida
Central bank of United States
Currency            United States dollar
USD (ISO 4217)
Interest rate      target 0% to 0.25%
Interest on        reserves 0.10%
Website            federalreserve.gov

List of all Banks in the United States of America

These are the 100 largest banks in the United States of America. There are 5,116 commercial banks and saving organizations in the USA. Here you will get a shortlist of 100 banks in USA only.

For those who consider a career in the banking sector in the United States of America, this is the top list of banks in USA is very helpful on where to start. To get more information, please refer to our list of financial institutions in the USA.

JP Morgan Chase & Co The bank was established in the 19th century and it is one of the biggest banks in USA. Its headquarters is located in New York. Under the JP Morgan brand, the bank provides wealth management, investment banking, private asset management, private banking and treasury and securities services. The bank has 250,000 employees are serving for better banking.

Bank of America Corp Bank of America is one of the biggest banking institutions in the USA. Its headquarters is located in Charlotte, North Carolina. The bank operates in the field of consumer banking, global banking, global asset banking and investment management. The bank has approximately 150,950 employees are serving through 4500 branches all over the country.

Wells Fargo & Co The bank was established in 1852 and its headquarters is located in San Francisco. In terms of assets and market capitalization, it is the 3rd biggest bank in the United States. Wells Fargo bank operates in three main business units: community banking, wholesale banking, asset and investment management. The bank has approximately 268,800 employees are serving throughout the country.

Citigroup Inc The bank was established in 1812 and its headquarters is located in Manhattan, New York. In terms of assets, it is the 4th biggest bank in USA. Citigroup Inc provides several types of financial products and services such as governments, consumers, corporations and organizations worldwide. The company operates through two divisions: Citigroup and Citi Holdings. The bank has around 219,000 employees who are serving all over the country.

Goldman Sachs Group Inc The bank was established in 1869 and its headquarters is located in New York. The bank operates investment banking, securities and investment worldwide and 4 main divisions like investment banking, organizational client services, investment management and investing and lending. There are 35,000 employees are deployed to serve the company.

Morgan Stanley The bank was established in 1935 and its headquarters is located in New York. It is a global economical services company that provides asset management and investment management, securities, investment banking services. The bank operates through two main divisions: institutional securities, which provide fundraising and economical advisory services, as well as advisory on mergers and acquisitions, restructuring, real estate and project financing; and asset management, which provides various financial services and solutions. Morgan Stanley has 56,000 employees are serving across the country.

US Bancorp The bank provides several types of banking products and services. It also engages in credit card services, merchant and ATM processing, mortgage banking, leasing, brokerage services, insurance. US Bancorp headquarters is located in Minneapolis. There are 71,000 employees are serving throughout the country.

PNC Financial Services Group Inc The company operates retail banking, corporate and organizational banking, residential mortgage, wealth management group and non-strategic wealth segments. Pittsburgh based PNC Financial Services has 49,000 employees are serving throughout the country.

TD Group US Holdings LLC The bank headquarters is located in New Jersey. It provides banking, brokerage, insurance, investment banking services. The bank has 26,000 employees are serving throughout the country.

Bank of New York Mellon The bank was established in 1784. The bank was established after the merger of Pittsburgh’s financial institution’s Sons and T. Mellon. Bank of New York Mellon provides institutional investors, services to companies, banks and other public sector banks. This bank is the world’s largest custodian bank, or financial institution, of all other banks.

These are the best and selected banks in USA. You can visit the site to gather more information. All links and official information are included herewith.

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