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Fourth District Banks

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FDIC-insured commercial banks headquartered in the Fourth Federal Reserve District posted net income of $2.77 billion for the first quarter of 2005 or $11.08 billion on an annual basis. (JPMorgan Chase, chartered in Columbus, is not included in this discussion because its assets are mostly outside the District and its size—roughly $1 trillion—dwarfs other District institutions.) The U.S. banking industry as a whole posted earnings of $33.60 billion for the same period or $134.40 billion on an annual basis.

Suggested citation: “Fourth District Banks,” Federal Reserve Bank of Cleveland, Economic Trends, no. 05-07, pp. 16-17, 07.01.2005.

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