Go to: https://banks.data.fdic.gov/explore/historical/?displayFields=STNAME%2CTOTAL%2CBRANCHES%2CNew_Char&selectedEndDate=2021&selectedReport=CBS&selectedStartDate=1934&selectedStates= 0&sortField=YEAR&sortOrder=desc

On the left side of the page under "Report Parameters": click on "Number of Institutions, Branches & Total Offices" then uncheck "Total Branches". Then go "Back" and click on "Changes in Number of Institutions". Uncheck "New Charters", then choose "Unassisted Mergers", "Failures: Assisted Merger", and "Failures: Paid Off".

Answer each question based on the information given by the website. The website presents data for numbers of banks in the U.S. from 1934 to 2021.

1. From 1934-1980, what was the approximate number of banks in the U.S. each year (you can just give a rough estimate or range. You don't have to give an exact average)? What Federal regulation resulted in such a large number of banks in the U.S.?

2. What was the change (number and percent) in the number of banks for each decade after 1980? [Percent change is (END NUMBER - START NUMBER)/START NUMBER]

NUMBER CHANGE PERCENT CHANGE

1980 -1989:

1990-1999:

2000-2009:

2010-2021:

3. Between 1984 and 2021, in what years were there the most

Unassisted Mergers? YEAR: NUMBER:

Failures: Assisted Merger? YEAR: NUMBER:

Failures: Paid Off? YEAR: NUMBER:

4. Of the three reasons for the decline in the number of banks each year listed in question #3, which is the primary reason for the decline in the number of banks between 1984 and 2021 and what does it mean? Was there ever a year during which this reason was not the largest reason for the decline in the number of banks in the U.S.?

5. During the peak of the most recent financial system crisis from 2008-2011, how many U.S. banks failed? Approximately what percentage of total banks was this?