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It would also allow interest (rather than just dividends) to be paid on deposits, to attract a wider deposit base.
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The bank has Brazil's largest deposit base.
Its acquisition of Fortis in 2008 strengthened its deposit base.
Its insured British deposit base was just £100 billion.
"We will continue to build a larger deposit base to broaden our funding sources".
By last year it had $798 million, or 33percentt of its overall deposit base.
The deposit base could not keep up, thus inflating the dangerous reliance on wholesale funding.
It may be one reason why the retail deposit base has been remarkably stable at £27.8bn.
JPMorgan is also the biggest bank by deposits, with $1.1 trillion compared with Bank of America's $1.04 trillion deposit base.
Competition for deposits is also fierce and some £3.9bn of savings were withdrawn during the year – lowering its deposit base to £16.9bn.
The industry's total deposit base was left at $926.5 billion as of the end of February.
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