Take It to the Bank

As the central bank, the Federal Reserve naturally devotes a great deal of thought to banks and banking. Now, we want to get you to think about banking, past and present, with this quiz.

Sources: Question 1; Question 2; Question 3; Question 4; Question 5; Question 6; Question 7; Question 8; Question 9; Question 10

1. What bank had the most U.S. branch locations in 2018?
Bank of America
JPMorgan Chase
Wells Fargo
2. Five U.S. banks failed in 2016, and eight failed in 2017. How many U.S. banks failed in 2018?
Zero
Five
Nine
3. True or false: In 1863, the First National Bank of Philadelphia received the first national bank charter.
True
False
4. Which of the following is not a U.S. banking regulator?
The Federal Reserve
The Office of the Comptroller of the Currency
The Office of Thrift Supervision
5. When did a U.S. bank first use an automated teller machine?
1959
1969
1979
6. When did the Bank of North America, the nation's first private commercial bank, first open for business?
1782
1802
1822
7. What bank holds the oldest continuous national charter?
U.S. Bancorp
Chemical Bank
Wells Fargo
8. What was the largest bank failure in U.S. history?
IndyMac (Pasadena, California)
Bank of New England (Boston, Massachusetts)
Washington Mutual (Seattle, Washington)
9. The McFadden Act, enacted in 1927, led to the growth of what in national banks?
Deposit insurance
Branches
Teller windows
10. How many U.S. banks had $2 trillion or more in assets as of September 2018?
Two
Five
Nine