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Savings and Loan Associations

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In many ways, savings associations mirrored commercial banks in the first half of 2001, earning $6.2 billion and posting record second-quarter earnings of $3.4 billion. Annualized return on assets of 1.01% through 2001:IIQ was 9 basis points (bp) higher than for all of 2000. Like banks, savings associations used lower interest rates to boost first-half earnings through $1.847 billion in capital gains on the sale of assets. However, unlike banks, savings associations’ earnings benefited by a 14 bp increase in net interest margin (to 3.10%).


Suggested citation: "Savings and Loan Associations," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-10, pp. 17, 10.01.2001.

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