10 Central Banks: Europe Dominates the List – USA on Top with $7.84 Trillion Worth of Assets
Central banks set interest rates, manage reserves, and act as lenders of last resort to commercial banks and financial institutions during economic crises. Through these functions, central banks influence economic activity and maintain the smooth operation of financial markets.
According to the SWFI, the Federal Reserve System of the United States is the world’s richest central bank, with assets valued at $7.84 trillion. European central banks dominate the top ten list, collectively holding $11.09 trillion in assets, which highlights their significant role in global finance.
The SWFI’s list of 100 central banks highlights the varying economic strengths and asset bases managed by these institutions.
Here are the top 10 central banks by total assets:
-
-
- Federal Reserve System (USA) – $7.84 trillion
- People’s Bank of China – $6 trillion
- Bank of Japan – $5.54 trillion
- Deutsche Bundesbank (Germany) – $2.78 trillion
- Bank of France – $2.01 trillion
- Norges Bank (Norway) – $1.63 trillion
- Bank of Italy – $1.38 trillion
- Bank of England – $1.29 trillion
- Bank of Spain – $1.05 trillion
- Swiss National Bank – $944 billion
-
Have you read?
Highest-Paid Athletes in the World.
Largest stock exchanges in the world by market capitalization.
Countries with the largest air forces in the world.
Best European destinations to travel to as a student.
Largest Cities in Africa.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz