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Savings Association Performance

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U.S. savings associations’ performance held steady in 1999:IIQ, with second-quarter earnings for the industry reaching $2.86 billion. Return on assets for the quarter was back at its historically high 1998 value of 1.01%. Further, return on equity, at 11.70%, was at its highest level since 1985; but in 1999, unlike 1985, it was generated by a robust return on assets and a steady net interest margin of 3.10%. However, the percentage of savings associations reporting losses increased from 4.1% in 1987 to 6.6% in 1999:IIQ, adding a note of caution to interpretations of otherwise positive earnings trends.

Suggested citation: "Savings Association Performance," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-12, pp. 16, 12.01.1999.

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