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Fourth District Banking Conditions

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Banks are often described as financial intermediaries that finance loans primarily with deposits. The loan portfolio for banks headquartered in the Fourth Federal Reserve District made up 63.9% of assets at the end of 2004:IQ, compared with a loan-to-asset ratio of 50.9% for all FDIC-insured commercial banks. Unlike the broader banking industry, whose loan-to-asset ratios continued a downward trend, Fourth District banks increased the share of assets invested in loans, albeit slightly. This was the first quarter in several years when loans grew more quickly than overall assets. However, while bank loans increased at an annual rate of nearly 6% during the first quarter of 2004, Fourth District banks’ loan portfolio growth remains below the 6.5% growth rate for all FDIC-insured commercial banks.


Suggested citation: "Fourth District Banking Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-09, pp. 16, 09.01.2004.

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