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Banking Conditions

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Insured commercial banks reported record levels of net income in the first quarter, which translated into the fourth-highest returns on assets (ROA) ever. Non-interest income was up 11.6% over last year's level and was largely responsible for the increase in ROA.

Suggested citation: “Banking Conditions,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-07, pp. 16-17, 07.01.1997.

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