The nation's banks are looking more and more like thrifts as they boost their holdings of mortgage-related assets.

As of last September, banks' portfolios of home loans, mortgage-backed securities, and collateralized mortgage obligations totaled $769.8 billion, according to an American Banker survey. That was about 11% higher than in mid-1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.