The Public Policy Institute



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.
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