Keeping Fannie And Freddie S Houses

A Financial System - U.S. Department of the Treasury

The U.S. Depository Sector The U.S. banking system is the strongest in the world and is critical in supporting the U.S. econ-omy. There are over 5,900 banks and 5,800 credit unions operating in the United States. Regulated depositories reported total assets of $21.4 trillion as of December 31, 2016, or 115% of U.S. GDP.