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Congressional Research Service Issues In Focus White Paper on De Novo Banks
June 30, 2024
WASHINGTON, June 30 -- The Congressional Research Service issued the following In Focus white paper (No. IF12697) on June 27, 2024, by financial economics analyst Liana Wong.

Here are excerpts:

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De Novo Banks: Policy Issues for the 118th Congress

While the size of the banking system has grown in terms of assets, the number of banks has steadily fallen over the past four decades. For example, in the 1980s, there were more than 18,000 banks . . .

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