The nation's 300 largest banks saw assets grow by 9% last year, from $2.4 trillion in 1992 to $2.6 trillion, as acquisitions continued at a feverish pace.

A survey by the American Banker shows that deposits also grew by 4.9% in 1993, up from a meager two-tenths of a percent the year before when low interest rates flushed deposits into mutual funds at a record pace.

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