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Double wow. 1. that's high concentration (then again, they have about as many people as california i think) 2. Why is the us fed keepign that stat?
Most of the world actually has very concentrated banking, the US is the outlier, and it’s because of our legal structure. It was illegal to bank across state lines for much of US history. The real national banks didn’t come about until the 80s
FRED is one of the most reliable economic data sets. I imagine they track all of global banking
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