The nine largest banks in the U.S. are very different than the more numerous but much smaller community banks.

a.Discuss the most significant differences between them on theirBalance Sheet, theirIncome Statements, andtheirOff-Balance Sheetaccounts and exposures. (6)

b.Discuss why U.S. regulators and consumers should be concerned about the relative size of these nine U.S. largest banks compared to community banks. (4)