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Banks in USA

Both the state and federal government regulate the banks in USA. As bankers of the biggest economy of the world, it is not surprising that the banks in the United States have achieved significant importance in the worldwide financial market. They come up with a comprehensive variety of products and services, serving individual, business, and corporate clients.



Banks in USA are governed by both the state and federal governments. As of October 11, 2008, the short-term liabilities of the banking sector of the United States are 15% of the Gross Domestic Product of the United States or 43% of its countrywide debt.
The average bank leverage ratio (assets/net worth) in the country is 12:1.

The website of the Federal Deposit Insurance Corporation (FDIC) features the list of the several commercial banks in USA. As stated by the Federal Deposit Insurance Corporation, as of August 22, 2008, there were 8,430 commercial banks in the country that were insured by the FDIC. Every associate of the Federal Reserve System is included here together with non-affiliates who are FDIC insured as well. The list does not cover investments and banks that are not insured by FDIC.



Services offered by Banks in USA
The products and services offered by the banks in USA can be broadly categorized into the following:

1) Personal banking (savings/checking accounts, mortgages, loans, and investment services)
2) Business banking (commercial loans, construction loans, and business checking accounts)
3) Corporate banking (Corporate checking accounts, real estate loans, and investment services)

American banks offer a host of facilities to the customers such as free Internet banking, online bill payment, ATM/debit card facilities, monthly statement with image, small opening deposits and so on.


List of Popular Banks in USA
Given below is a list of the most famous banks operating in the US:

1) AmSouth Bank
2) Bank of America
3) Chase Bank
4) Citibank
5) First Capital Bank
6) Farmers Bank and Trust Company
7) First National Bank
8) HSBC Bank
9) TD Bank USA
10) Deutsche Bank
11) Beneficial National Bank
12) Merrill Lynch Bank
13) Citizen Bank
14) Southwest Bank
15) Commerce Bank
16) Kentucky Bank
17) SunTrust Bank
18) Southtrust Bank (Merged with Wachovia)
19) Wells Fargo Bank

In the United States, banks are not permitted to declare bankruptcy.