FDIC-insured savings institutions (S&Ls) reported net income of $4.53 billion for 2003:IVQ. This was $544 million higher than a year earlier but $33 million lower than the third quarter. One-time gains on securities sales were only $0.30 billion in 2003:IVQ, compared to $1.13 billion in 2003:IIIQ.
Suggested citation: "Savings Institutions," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-05, pp. 16-17, 05.01.2004.