Fourth District Commercial Banks
FDIC-insured commercial banks headquartered in the Fourth Federal Reserve District posted net income of $5.6 billion for the first two quarters of 2006, or $11.21 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 $75.46 billion for the same period, or $150.92 billion on an annual basis.
Suggested citation: “Fourth District Commercial Banks,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-10, pp. 17-18, 10.15.2006.