Interestingly, the average bank then, as now, was about $ million smaller than the average thrift: $ million in 1992 compared with $ million as of this June. Banks have grown both organically and by merger, in many cases combining multiple bank subsidiaries of the same BHC for efficiency. These aggregate figures mask some significant differences between large and small banks.
Total assets at the largest banks--that is, those larger than $ billion--grew most rapidly, reaching $ trillion compared with $ trillion in 1992. That represents an annual growth rate of nearly 14 percent. One has to be a little careful when comparing size categories over a period of this many years.