US Bank Deposits Total Market Overview

In the US, bank deposits total over $17 trillion, making up a significant portion of the country's financial landscape. This staggering number is a testament to the trust Americans have in their banking system.

The majority of these deposits, approximately $12 trillion, are held in commercial banks, such as Wells Fargo and Bank of America. This is a substantial amount, equivalent to about 70% of the total.

These deposits are a vital source of funding for banks, allowing them to lend money to consumers and businesses. The remaining $5 trillion is split between thrifts and credit unions, providing alternative banking options for those seeking more personalized service.

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The US bank deposits growth is a crucial aspect of the country's financial landscape. In January 2025, the United States experienced a total deposit growth of 2.7%.

This growth is a significant increase from the previous month, with a 0.2% rise from December 2024's 2.5% growth. The highest growth rate recorded was 22.6% in February 2021, while the lowest was -5.0% in April 2023.

The data on US bank deposits growth is available on a monthly basis, starting from January 1974. This long-term data provides valuable insights into the country's financial trends and stability.

Here's a summary of the US bank deposits growth data:

The H.8 release, which is primarily based on the FR 2644 reporting form, provides a comprehensive overview of commercial bank data in the United States.

The Federal Reserve Notice requesting public comment on proposed changes to the FR 2644 data collection highlights the importance of accurate and up-to-date commercial bank data.

Bank deposits in the United States fell by $870 billion on a year-over-year basis for the first time in records going back to 1994.

This decline represents a 4.8% drop in the year ended June 30 to $17.3 trillion, a significant shift in the banking industry.

The largest banks in the country, including JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co., and Citigroup Inc., all saw their deposits decline in the period.

Regional cities such as Salt Lake City, Miami, and Sioux Falls, South Dakota, have entered the top 20 metropolitan statistical areas by total deposits compared to their ranking in 2000.

Texas had the largest compound annual growth rate at 14.6%, with its deposit base growing to $1.5 trillion over a five-year period.

Nevada, on the other hand, saw the largest decline with deposits falling 19.5% to $117.5 billion over the same period.

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