Commercial bank earnings soared to a record high of $13.8 billion in the third quarter, spurred by strong loan growth, stable net interest margins, and reduced deposit insurance premiums. Bank earnings have now surpassed $10 billion for 11 consecutive quarters.
Suggested citation: “Banking Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-01, pp. 16-17, 01.01.1996.