Assets held by large U.S. banking institutions fell in the fourth quarter of 2024 from the previous quarter, according to S&P Global.
Total assets of U.S. commercial banks, savings banks, and savings and loan associations stood at $24.1 trillion as of Dec. 31, 2024, down 0.5 percent from the third quarter, the company said in a Feb. 14 statement. This is the “second-highest quarter-end level since the Federal Reserve was established,” according to S&P Global. Assets, however, have registered a decline in seven out of the previous 11 quarters.
