Assets of Major Institutions and Financial Intermediaries, Year-End 1998
(millions of dollars)
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1995 |
1996 |
1997 |
1998 |
Depository Institutions |
$5,817,216.0 |
$6,072,189.0 |
$6,557,007.0 |
$7,122,098.0 |
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Commercial Banks1 |
4,493,798.0 |
4,710,397.0 |
5,174,550.0 |
5,642,181.0 |
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Credit Unions2 |
310,661.0 |
330,114.0 |
353,831.0 |
391,483.0 |
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Savings Institutions3 |
1,012,757.0 |
1,031,678.0 |
1,028,626.0 |
1,088,434.0 |
Life Insurance |
2,063,613.0 |
2,246,289.0 |
2,514,802.0 |
2,769,522.0 |
Investment Institutions |
5,391,783.8 |
6,352,553.8 |
7,982,754.7 |
9,677,672.8 |
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Bank-Administered Trusts4 |
2,444,822.9 |
2,684,453.4 |
3,364,446.6 |
3,999,320.7 |
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Closed-End Investment Companies |
135,668.7 |
142,299.6 |
150,107.5 |
153,142.8 |
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Mutual Funds5 |
2,811,292.2 |
3,525,800.8 |
4,468,200.6 |
5,525,209.3 | 1Includes U.S.-chartered commercial banks, foreign banking offices in the U.S., bank holding companies, and banks in affiliated areas.
2Includes only federal or federally insured state credit unions serving natural persons.
3Includes mutual savings banks, federal savings banks, and savings & loan associations.
4Reflects only discretionary trusts and agencies.
5Includes short-term funds; excludes funds of funds. Sources: Federal Reserve Board, Federal Financial Institutions Examination Council, and Investment Company Institute Data as published in the 2002 Mutual Fund Fact Book
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