Insured commercial banks reported a near-record income of $12.1 billion in 1995:IVQ and a set of yearly record for total income of $48.8 billion. Nearly 97% of all banks reported positive earnings for the year, and 68% saw higher incomes than in 1994. The good times were spread nationwide and across both big and small banks.
Suggested citation: “Banking Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-04, pp. 16-17, 04.01.1996.