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Commercial Banking in the United States: A Look Back and a Look Ahead

Published: Jan 01, 1992. Publicly Released: Jan 01, 1992.
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Highlights

This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the U.S. banking industry's attempts to address trends that weakened the U.S. banking system during the 1980s, including high inflation rates, asset quality problems, rapidly rising operating costs, weakened capital, and an unrealistic market structure; and (2) issues that still require the banking industry's attention, including the continuing reduction in the number of banks and the need for more sophisticated risk management and control systems.

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