Commercial Banks are the largest among all financial intermediaries and are also the most diversified due to the large range of assets and liabilities they hold. Their liabilities are in the form of checking and savings deposits, and various types of time deposits. Bank deposits are insured by the FDIC up to $100,000. The assets that commercial banks hold are securities of various forms and denominations such as mortgage loans, consumer loans, business loans and loans to state and local governments. Commercial banks are among the most regulated forms of business due to their vital role in the well-being of the economy.