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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 $8.29 billion for the first three quarters of 2005 or $11.06 billion on an annual basis. (JPMorgan Chase, chartered in Columbus in 2004, is not included in this discussion because its assets are mostly outside the District and its size—roughly $1 trillion—dwarfs other District institutions.) For the same period, the U.S. banking industry as a whole posted earnings of $97.23 billion or $129.64 billion on an annual basis.

Suggested citation: “Fourth District Banks,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-01, pp. 17-18, 01.15.2006.

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