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US Commercial Banks
Yardeni Research, Inc.
March 19, 2021
Dr. Edward Yardeni516-972-7683
Mali Quintana480-664-1333
Please visit our sites atwww.yardeni.comblog.yardeni.com
thinking outside the box
Table Of Contents Table Of ContentsTable Of Contents
March 19, 2021 / US Commercial Banks www.yardeni.com
Yardeni Research, Inc.
Bank Credit 1-2Securities 3-4Loans 5C&I Loans 6Real Estate Loans 7Liabilities 8-9Borrowings 10-11Miscellaneous Banking 12Large Banks 13-15Small Banks 16-18Large & Small Banks 19-21Commercial Bank Capital Proxy 22Large & Small Banks 23-24
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 223
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19
21
3
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9
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15
17
19
21
3/10
BANKS: TOTAL CREDIT(trillion dollars, sa, ratio scale)
* Includes loans, leases, and securities.Source: Federal Reserve Board.
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Figure 1.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-700
-500
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1100
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1700
-700
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1300
1500
1700
3/10
BANKS: TOTAL CREDIT(yearly change, billion dollars)
Source: Federal Reserve Board.
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At All Banks
Figure 2.
Bank Credit
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-500
0
500
1000
-500
0
500
1000
BANKS: SECURITIES(yearly change, billion dollars) 3/10
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Source: Federal Reserve Board.
Figure 3.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-10
0
10
20
-10
0
10
20
3/10
BANKS: LOANS & LEASES(yearly percent change)
Total (2.4)
Source: Federal Reserve Board.
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Figure 4.
Bank Credit
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.8
1.3
1.8
2.3
2.8
3.3
3.8
4.3
4.8
5.3
.8
1.3
1.8
2.3
2.8
3.3
3.8
4.3
4.8
5.3
BANKS: SECURITIES(trillion dollars, sa, ratio scale)
3/10
Total Securities
Source: Federal Reserve Board.
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Figure 5.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.1
.5
.9
1.3
1.7
2.1
2.52.93.33.74.1
.1
.5
.9
1.3
1.7
2.1
2.52.93.33.74.1
ALL COMMERCIAL BANKS*: SECURITIES(trillion dollars, sa ratio scale)
3/10
Securities HoldingsUS Treasury & Agency (3.9)Other (1.0)
* Includes domestically chartered commercial banks and foreign-related ones.Source: Federal Reserve Board.
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Figure 6.
Securities
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-150
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650
700
750
800
850
900
-150
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600
650
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750
800
850
900
3/10
BANKS: US TREASURY & AGENCY SECURITIES(billion dollars, yearly change)
Source: Federal Reserve Board.
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Figure 7.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 2212
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27
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BANKS: US TREASURY & AGENCY SECURITIES(as a percent of bank credit)
3/10
Source: Federal Reserve Board.
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Figure 8.
Securities
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 222
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8
10
12
2
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6
8
10
12
3/10
ALL COMMERCIAL BANKS*: LOANS & LEASES(trillion dollars, sa, ratio scale) Latest (10.4)
* Includes domestically chartered commercial banks and foreign-related ones.Source: Federal Reserve Board.
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Figure 9.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-500
0
500
1000
-500
0
500
1000
3/10BANKS: LOANS & LEASES IN BANK CREDIT(yearly change, billion dollars)
Securities
yardeni.com
Source: Federal Reserve Board.
Figure 10.
Loans
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.0
1.5
2.0
2.5
3.0
3.5
.5
1.0
1.5
2.0
2.5
3.0
3.5
ALL COMMERCIAL BANKS*: COMMERCIAL & INDUSTRIAL LOANS(trillion dollars, sa, ratio scale)
3/10
Latest (2.6)
* Includes domestically chartered commercial banks and foreign-related ones.Source: Federal Reserve Board.
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Figure 11.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-350
-250
-150
-50
50
150
250
350
450
550
650
750
850
-350
-250
-150
-50
50
150
250
350
450
550
650
750
850
BANKS: COMMERCIAL & INDUSTRIAL LOANS(yearly change, billion dollars)
3/10
Source: Federal Reserve Board.
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Figure 12.
C&I Loans
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.0
.5
1.0
1.5
2.0
2.5
.0
.5
1.0
1.5
2.0
2.53/10BANKS: REAL ESTATE LOANS
(trillion dollars, sa)
Other Residential LoansCommercial Real Estate
Home Equity Loans
yardeni.com
Source: Federal Reserve Board.
Figure 13.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-200
-150
-100
-50
0
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300
-200
-150
-100
-50
0
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150
200
250
300
3/10
BANKS: REAL ESTATE LOANS(yearly change, billion dollars)
Other Residential Loans
Commercial Real Estate
Home Equity Loans
yardeni.com
Source: Federal Reserve Board.
Figure 14.
Real Estate Loans
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 223
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7
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11
13
15
17
19
21
3
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7
9
11
13
15
17
19
21
3/10BANKS: TOTAL LIABILITIES(trillion dollars, sa, ratio scale)
Source: Federal Reserve Board.
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Figure 15.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-2000
-1500
-1000
-500
0
500
1000
1500
2000
2500
3000
3500
4000
-2000
-1500
-1000
-500
0
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3000
3500
4000
3/10
BANKS: TOTAL LIABILITIES(yearly change, billion dollars)
Source: Federal Reserve Board.
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Figure 16.
Liabilities
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 222
4
6
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10
12
14
16
182022
2
4
6
8
10
12
14
16
182022
ALL COMMERCIAL BANKS*: TOTAL DEPOSITS(trillion dollars, sa, ratio scale)
3/10
Latest (16.6)
* Includes domestically chartered commercial banks and foreign-related ones.Source: Federal Reserve Board.
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Figure 17.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-1000
0
1000
2000
3000
4000
-1000
0
1000
2000
3000
4000
BANKS: TOTAL DEPOSITS(yearly change, billion dollars)
3/10
Source: Federal Reserve Board.
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Figure 18.
Liabilities
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.0
1.5
2.0
2.5
3.0
.5
1.0
1.5
2.0
2.5
3.0
3/10
ALL COMMERCIAL BANKS: BORROWINGS*(trillion dollars, sa)
BorrowingBy All Banks (1.8)
* From banks and nonbanks in the US.Source: Federal Reserve Board.
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Figure 19.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-700
-500
-300
-100
100
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500
700
-700
-500
-300
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300
500
700
3/10
BANKS: BORROWINGS*(yearly change, billion dollars)
* From banks and nonbanks in the U.S.Source: Federal Reserve Board.
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Figure 20.
Borrowings
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 228
10
12
14
16
18
20
22
24
26
8
10
12
14
16
18
20
22
24
26
3/10
BANKS: BORROWINGS(as a percent of total liabilities)
Source: Federal Reserve Board.
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Figure 21.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 224
6
8
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12
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20
22
24
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28
30
32
34
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22
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28
30
32
34
3/10
BANKS: BORROWINGS*(as a percent of total liabilities)
Large BanksSmall Banks
* From banks and nonbanks in the US.Source: Federal Reserve Board.
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Figure 22.
Borrowings
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
.0
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
3/10
BANKS: CASH ASSETS OF COMMERCIAL BANKS(trillion dollars)
Source: Federal Reserve Board.
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Figure 23.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-250
-150
-50
50
150
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450
550
650
750
850
-250
-150
-50
50
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350
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550
650
750
850
3/10
BANKS: NET DUE TO RELATED FOREIGN OFFICES(billion dollars)
Source: Federal Reserve Board.
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Figure 24.
Miscellaneous Banking
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 222.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0 3/10LARGE BANKS: BANK CREDIT(trillion dollars, sa)
Source: Federal Reserve Board.
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Figure 25.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 2252
54
56
58
60
62
64
66
68
70
52
54
56
58
60
62
64
66
68
70
3/10
LARGE BANKS: BANK CREDIT(as a percent of total bank credit)
Source: Federal Reserve Board.
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Figure 26.
Large Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.0
1.5
2.0
2.5
3.0
3.5
.5
1.0
1.5
2.0
2.5
3.0
3.53/10LARGE BANKS: TOTAL SECURITIES
(trillion dollars, sa)
Source: Federal Reserve Board.
yard
eni.c
om
Figure 27.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 221.4
1.8
2.2
2.6
3.0
3.4
3.8
4.2
4.6
5.0
5.4
5.8
6.2
1.4
1.8
2.2
2.6
3.0
3.4
3.8
4.2
4.6
5.0
5.4
5.8
6.2
3/10
LARGE BANKS: TOTAL LOANS & LEASES(trillion dollars, sa)
Source: Federal Reserve Board.
yardeni.com
Figure 28.
Large Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 221.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0
9.5
10.0
10.5
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0
9.5
10.0
10.5
3/10LARGE BANKS: TOTAL DEPOSITS(trillion dollars, sa)
Source: Federal Reserve Board.
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Figure 29.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.3
.5
.7
.9
1.1
1.3
1.5
1.7
.3
.5
.7
.9
1.1
1.3
1.5
1.7
3/10
LARGE BANKS: BORROWINGS(billion dollars, sa)
Source: Federal Reserve Board.
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Figure 30.
Large Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.53/10SMALL BANKS: BANK CREDIT
(trillion dollars, sa)
Source: Federal Reserve Board.
yardeni.com
Figure 31.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 2219
21
23
25
27
29
31
33
35
37
19
21
23
25
27
29
31
33
35
37
3/10
SMALL BANKS: BANK CREDIT(as a percent of total bank credit)
Source: Federal Reserve Board.
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Figure 32.
Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22200
400
600
800
1000
1200
1400
200
400
600
800
1000
1200
1400
3/10
SMALL BANKS: TOTAL SECURITIES(billion dollars, sa)
Source: Federal Reserve Board.
yardeni.com
Figure 33.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.4
.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
2.8
3.0
3.2
3.4
3.6
3.8
4.0
4.2
4.4
.4
.6
.8
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
2.8
3.0
3.2
3.4
3.6
3.8
4.0
4.2
4.4
3/10SMALL BANKS: TOTAL LOANS & LEASES(trillion dollars, sa)
Source: Federal Reserve Board.
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Figure 34.
Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.53/10SMALL BANKS
(trillion dollars, sa)
Total Deposits
Source: Federal Reserve Board.
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Figure 35.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 2250
100
150
200
250
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350
400
450
500
550
600
50
100
150
200
250
300
350
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450
500
550
600
3/10
SMALL BANKS: BORROWINGS(billion dollars, sa)
Source: Federal Reserve Board.
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Figure 36.
Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-450
-250
-50
150
350
550
750
950
1150
-450
-250
-50
150
350
550
750
950
1150
3/10
BANK CREDIT(yearly change, billion dollars)
At SmallDomestic Banks*
At LargeDomestic Banks*
* Adjusted for mergers.Source: Federal Reserve Board.
yardeni.com
Figure 37.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-425
-375
-325
-275
-225
-175
-125
-75
-25
25
75
125
175
225
275
325
375
425
475
525
575
-425
-375
-325
-275
-225
-175
-125
-75
-25
25
75
125
175
225
275
325
375
425
475
525
575
3/10
LOANS & LEASES(yearly change, billion dollars)
At SmallDomestic Banks* (353.0)
At LargeDomestic Banks* (-111.6)
Source: Federal Reserve Board.
yardeni.com
* Adjusted for mergers.
Figure 38.
Large & Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-100
-80
-60
-40
-20
0
20
40
60
80
100
120
140
-100
-80
-60
-40
-20
0
20
40
60
80
100
120
140
3/10
SECURITIES AT BANKS(yearly change, billion dollars)
At LargeDomestic Banks*
At SmallDomestic Banks*
yardeni.com
* Adjusted for mergers. Excluding US government securities.Source: Federal Reserve Board.
Figure 39.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22-600
-500
-400
-300
-200
-100
0
100
200
300
400
500
-600
-500
-400
-300
-200
-100
0
100
200
300
400
500
3/10
DOMESTIC BORROWINGS(yearly change, billion dollars)
At Large Domestic Banks*At Small Domestic Banks*
* Adjusted for mergers.Source: Federal Reserve Board.
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Figure 40.
Large & Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 220
200
400
600
800
1000
1200
1400
1600
1800
2000
0
200
400
600
800
1000
1200
1400
1600
1800
20003/10
3/10
COMMERCIAL BANKS: CASH ASSETS(billion dollars)
Small BanksLarge Banks
Source: Federal Reserve Board.
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Figure 41.
Large & Small Banks
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 220
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
Feb
DOMESTICALLY CHARTERED COMMERCIAL BANKS: CAPITAL PROXY*(billion dollars, sa)
All BanksLarge BanksSmall Banks
* Assets minus liabilities.Source: Federal Reserve Board.
yardeni.com
Figure 42.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 220
10
20
30
40
50
0
10
20
30
40
50
Feb
DOMESTIALLY CHARTERED COMMERCIAL BANKS: CAPITAL PROXY*/ASSETS(billion dollars, sa)
All BanksLarge Banks
* Assets minus liabilities.Source: Federal Reserve Board.
yardeni.com
Figure 43.
Commercial Bank Capital Proxy
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.5
1.5
2.5
3.5
4.5
5.5
6.5
7.58.59.510.5
.5
1.5
2.5
3.5
4.5
5.5
6.5
7.58.59.5
10.5
3/10
3/10DOMESTICALLY CHARTERED COMMERCIAL BANKS: TOTAL DEPOSITS(trillion dollars, sa, ratio scale)
Large Banks (10.1)Small Banks (5.3)
Source: Federal Reserve Board.
yardeni.com
Figure 44.
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.1
.5
.9
1.3
1.7
2.1
.1
.5
.9
1.3
1.7
2.1
3/10
3/10
DOMESTICALLY CHARTERED COMMERCIAL BANKS: COMMERCIAL & INDUSTRIAL LOANS(trillion dollars, sa, ratio scale)
Large Banks (1.3)Small Banks (0.9)
Source: Federal Reserve Board.
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Figure 45.
Large & Small Banks
Page 23 / March 19, 2021 / US Commercial Banks www.yardeni.com
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95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22.1
.6
1.1
1.6
2.1
2.6
3.13.6
.1
.6
1.1
1.6
2.1
2.6
3.13.6
3/10DOMESTICALLY CHARTERED COMMERCIAL BANKS: US TREASURY & AGENCY SECURITIES(trillion dollars, sa, ratio scale)
Large Banks (2.9)Small Banks (0.9)
Source: Federal Reserve Board.
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Figure 46.
85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24-25
0
25
50
75
100
125
150
175
200
225
250
275
300
325
350
-25
0
25
50
75
100
125
150
175
200
225
250
275
300
325
350
Q4
ALL COMMERCIAL BANKS*: ALLOWANCE FOR LOAN & LEASE LOSSES(billion dollars, sa)
3/10Allowance for Losses
All Commercial Banks (212.9)Large Domestic Banks (139.9)Small Domestic Banks (73.4)Provision for Loan & Lease Loses MinusNet Charge-Offs** (262.4)
* Includes domestically chartered commercial banks and foreign-related ones.** Cumulative change since 1984. All FDIC-insured financial institutions.
Source: Federal Reserve Board and Federal Deposit Insurance Corporation, Quarterly Banking Profile.
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Figure 47.
Large & Small Banks
Page 24 / March 19, 2021 / US Commercial Banks www.yardeni.com
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