Commercial banks’ balance sheets showed continued signs of health through the first quarter of 1999. After slowing down in 1998, profits picked up again in 1999:IQ, with a return on assets of 1.32% and a return on equity of 15.41%. Core earnings stayed strong as the net interest margin remained above 4%. Moreover, 94% of all commercial banks posted positive profits.
Suggested citation: "Banking Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-09, pp. 15-17, 09.01.1999.