The largest type of depository institution in the United States is

Question

Quizplus · Accepted Answer

According to the Federal Deposit Insurance Corporation (FDIC), as of December 31, 2020, there were 4,386 FDIC-insured commercial banks in the United States with total assets of more than $22.3 trillion. This makes commercial banks the largest type of depository institution in the country. Savings-and-loans (also known as thrifts) and credit unions are smaller in number and assets, and mutual funds are not depository institutions.

The Largest Type of Depository Institution in the United States