Savings associations’ performance mirrored that of commercial banks during 2001. Savings associations earned a record $13.3 billion in 2001, translating into a return on assets of 1.08%—the highest since 1946. Like banks, savings associations took advantage of lower interest rates to boost earnings to $4.2 billion through capital gains. However, savings associations’ earnings benefited from a 27 basis point increase in their net interest margin to 3.23%.
Suggested citation: "Savings Associations," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-04, pp. 17, 04.01.2002.