Except for commercial banks,savings & loans and savings banks hold the most deposits.

Name: Except for commercial banks,savings & loans and savings banks hold the most deposits.
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

According to Federal Reserve data, as of June 30, 2021, savings institutions (which includes savings & loans and savings banks) held $2.18 trillion in deposits, while commercial banks held $15.9 trillion in deposits. Therefore, savings institutions hold significantly less deposits than commercial banks.

Except for Commercial Banks,savings & Loans and Savings Banks Hold