| Table 11 |
| Assets of Commercial Banks (millions of dollars), 1998 |
| Rank |
State |
Amt. |
|
Rank |
State |
Amt. |
| 1 |
NEW YORK |
$1,169,603 |
|
27 |
Arizona |
$38,078 |
| 2 |
North Carolina |
599,093 |
|
28 |
Colorado |
36,672 |
| 3 |
California |
493,219 |
|
29 |
Oklahoma |
35,028 |
| 4 |
Illinois |
263,859 |
|
30 |
Kansas |
32,552 |
| 5 |
Ohio |
254,278 |
|
31 |
Arkansas |
28,272 |
| 6 |
Pennsylvania |
199,291 |
|
32 |
South Dakota |
28,223 |
| 7 |
Texas |
178,601 |
|
33 |
Nebraska |
26,665 |
| 8 |
Massachusetts |
139,693 |
|
34 |
Mississippi |
25,666 |
| 9 |
Minnesota |
138,448 |
|
35 |
Nevada |
25,129 |
| 10 |
Alabama |
122,187 |
|
36 |
Hawaii |
23,597 |
| 11 |
Delaware |
121,875 |
|
37 |
West Virginia |
23,204 |
| 12 |
Michigan |
117,554 |
|
38 |
South Carolina |
18,200 |
| 13 |
Florida |
117,433 |
|
39 |
New Hampshire |
14,851 |
| 14 |
Tennessee |
97,781 |
|
40 |
Washington |
12,692 |
| 15 |
New Jersey |
92,095 |
|
41 |
New Mexico |
11,592 |
| 16 |
Rhode Island |
84,946 |
|
42 |
North Dakota |
10,641 |
| 17 |
Missouri |
82,020 |
|
43 |
Montana |
9,571 |
| 18 |
Wisconsin |
76,807 |
|
44 |
Wyoming |
9,217 |
| 19 |
Georgia |
73,198 |
|
45 |
Vermont |
7,351 |
| 20 |
Indiana |
71,819 |
|
46 |
Oregon |
6,575 |
| 21 |
Virginia |
71,812 |
|
47 |
Connecticut |
6,312 |
| 22 |
Kentucky |
50,907 |
|
48 |
Alaska |
5,091 |
| 23 |
Louisiana |
47,985 |
|
49 |
Maine |
4,771 |
| 24 |
Iowa |
44,496 |
|
50 |
Idaho |
1,680 |
| 25 |
Utah |
40,575 |
|
U.S. total |
$5,269,220 |
| 26 |
Maryland |
38,460 |
|
N.Y.S. % of U.S.
total |
22.2% |
| Source: Federal Deposit Insurance Corp. |
The concentration of bank assets held in New York far exceeds the state's share of U.S. population or overall economic activity. |