United State Trust Company Of New York

United State Trust Company Of New York

Introduction
United States Trust Company of New York is a FDIC Insured financial institution, where Charles Schwab is the holding company. Charles Schwab became United States Trust of New York Company bank holder in fiscal year 2000. United States Trust Company of New York currently has 6 domestic offices and one foreign office, in addition, to several interstate branches. The information presented in this analysis is according to the end of third cycle of the four cycles, September 30.

Deposit and Asset Growth

According to the FDIC report of United States Trust Company of New York, the deposits growth of the company has had a constant increase through the last four years, 1997 until 1999, an estimate $300,000 each year. However, U.S. Trust of NY does hold a significant share in the industry among the commercial banks in New York. In 2000 U.S. Trust of New York deposit share of the commercial banks in New York was .38%, 1999 .40%, 1998, 37% and 1997, .35%.

The Asset growth of U.S. Trust Company of New York also has a increase. If you look at the chart below, you will notice there is a significant difference is asset

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