The balance sheets of U.S. commercial banks showed continued signs of health through 1999:IIQ. After a slowdown in 1998, profits picked up again, with a return on assets of 1.28%. Return on equity for the second quarter was 14.97%. Core earnings remained strong, and the net interest margin remained above 4%. Moreover, nearly 94% of all commercial banks posted positive profits.
Suggested citation: "Bank Performance," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-12, pp. 15, 12.01.1999.