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Banking Conditions

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Insured commercial banks reported their second-highest level of total quarterly earnings for 1996:IIQ - $13.78 billion, just below the $13.83 record set in 1995:IIIQ. These earnings were accompanied by the third-highest return on assets (ROA) in the industry's 14 years of quarterly earnings reports. More than 70% of all banks reported ROAs above 1%, and over 95% reported positive earnings. Only two federally insured commercial banks failed in the second quarter, bringing to three the total for 1996.

Suggested citation: “Banking Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-10, pp. 16-17, 10.01.1996.

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