Profits made a comeback to FDIC-insured commercial banks during the first three months of 2002. First-quarter net income reached a record-setting $21.7 billion, which represents a 16.4% improvement over the previous quarter and a 9.6% increase over 2001:IQ.
Suggested citation: "Depository Institutions," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-07, pp. 16-17, 07.01.2002.