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Savings and Loan Associations

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In many ways, savings associations performed like commercial banks, with first-quarter earnings of $2.9 billion (up from $2.6 billion in 2000:IVQ and unchanged from 2000:IQ). Their annualized 0.95% return on assets for 2001:IQ was marginally higher than the 0.92% posted for 2000. Like banks, they used lower interest rates to boost their first-quarter earnings $761 million through capital gains on the sale of assets. But unlike banks, savings associations benefited from a slightly wider net interest margin (3.03%).

Suggested citation: "Savings and Loan Associations," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-07, pp. 17, 07.01.2001.

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