In 2002:IIQ, FDIC-insured depository institutions reported net income of $23.4 billion, representing a 7.9% increase from the previous quarter. Strong demand for consumer loans offset weaker demand for commercial loans, producing an increase in net income.
Suggested citation: "Commercial Banks," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-10, pp. 16-17, 10.01.2002.