Financial services are an important part of the US economy, employing 6.2m people in November 2014 (4.5% of the non-farm workforce), according to the Bureau of Labor Statistics. The industry accounted for 6.6% of GDP in 2013, according to the Bureau of Economic Analysis.
Every subsector of the US financial services industry remains a world leader, despite the country being the epicentre of the global financial crisis in 2007-08. The US has the world's deepest and most liquid debt markets, the largest equity markets, the biggest banking sector (measured by assets) and the largest insurance market.
The level of outstanding domestic debt is growing and reaching new historical highs in nominal terms, after an unprecedented retrenchment in bank lending in 2008-09. The personal and corporate sectors will continue to support high levels of debt in absolute terms.

Financial services report 2

Banks 3

Insurers 7

Asset managers 9

Financial markets and instruments 10

Financial regulation 13

Monetary and currency policy 15

United States of America at a glance 17

Fundamental indicators 18

Key contacts 19

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