For close to two centuries savings institutions— savings and loans and savings banks—have competed with commercial banks to serve Americans' financial needs, with both groups growing along with the US economy. But in recent years, savings institutions have stalled while commercial banks have grown. From 1992 to 2016, total assets at savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) have held largely steady, inching upward from $1.07 trillion to $1.11 trillion. Over the same period, assets at commercial banks grew more than four-fold, from $3.43 trillion to $15.43 trillion.
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