FDIC-Insured Commercial Banks
In 2003:IVQ, FDIC-insured commercial banks’ net operating income improved from the previous quarter and recovered strongly (rising 28.9%) from its dip in the same quarter of the previous year. Net income (net operating income plus securities and other gains and losses) was also up, gaining 22.8% from a year earlier. The earnings increase was checked by reduced gains on the sales of securities and other assets.
Suggested citation: "FDIC-Insured Commercial Banks," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-04, pp. 16-17, 04.01.2004.