3. What does this picture tell us about the banking industry? IISR Local Selatan Number of Commercial Banks in the U.S. 0.000 2.000 000 4.000 2.000 1972 1970 Single-Office Banks www 1900 2009 2008 2014 Banks with Branches 4. a. What does this picture tell us? Getting Bigger Many of the smallest US banks have merged or closed, reducing the overall number of banks. But total deposits have expanded. Total number of banks Total amount on deposit 20,000 Sio trillion 2013 $0.60 trillion 16,000 8 2013. 6,891 12,000 8,000 4,000 2 0 0 85 90 95 00 05 10 is 05 do os 10 *As of Sept. 30, excludes US Banks foreign deposits Source Federal Deposit Insurance Corp The Wall Stret Journal b. What has happened in the last 25 years that the number of small banks have declined