The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release February 11, 1981 c.4 Immediate Release INCOME COMMERCIAL BANK INCOME Net profits of all insured commercial banks increased in 1979 by over 19 percent to $12.8 billion. Both the return on assets and the return on equity rose to record levels for the decade. With interest rates rising, gross interest income continued to rise rapidly, but interest expense grew at an even faster pace. As a result, net interest margins grew more slowly in 1979 than a year earlier. Provisions for loan losses decreased as a percentage of assets; an increase in other noninterest expenses was equalled by an increase in noninterest income. This release will resume regular publication with this issue. It is derived from the Report of Income, which was revised substantially in December 1978. From that time until the fall of 1980 final data were not available. A detailed analysis of commercial bank profits in 1979 appears in the September 1980 Federal Reserve Bulletin. INSUJ,U:D BANK INCOME BY SIZE OF BANK, 1979 and 1978 (in millions of dollars) - Item Interest revenue On loans On securities On federal funds sold On balances with banks Interest expense On domestic CDs > $100 ,000 On other domestic savings and time deposits On deposits in foreign offices On federal funds purchased On other 'borrowed money Net interest·revenue Noninterest income Loan loss provision Other noninterest expense Income before taxes and securities gain or losses Income taxes l/ Gains and lossesNet income Cash dividends declared Number of 'banks Ratio to average equity capital 2 / Net income Retained earnings 1/ All Insured Banks With Consolidated Assets: $100 million $1 billion to $1 bill!££_ and over Under $100 million 1979 1978 1979 1978 1979 1978 137,398 101,965 18,765 6,;1.08 10,560 102,761 75 '983 16,449 3,666 6,663 27,181 19,373 5,945 1,619 245 23,473 16 '779 5,579 966 149 26,733 19,652 5,275 369 21,017 15,348 4,619 821 229 83,444 62,941 ; 7,545 3,013 9,946 58,271 43,85 7 6 ,251. 1,879 6,284 59,228 11,69 3 13,733 2' 386 11,266 1,545 14,783 4,169 10,599 2,531 59,170. 11,553 37' 363 7,617 29,074 23,831 10' 792 9,388 8,188 6,662 10,095 7,781 24,523 12,319 3,661 14,558 7,248 176 1,816 433 84 1,119 202 24,347 10,164 3,011 14,474 5,903 1,588 49,712 12 ,431 11,989 2,385 746 9,741 10,418 2,021 670 8,521 24,275 8,126 2,237 21,085 20,907 3,888 795 - 136 3,042 1,082 1,362 3,247 665 76 887 1,230 9,079 2,841 - 370 6,057 2,438 173 - 300 4,951 2,004 163 13.3 8,7 13.9 8.3 12.7 7.6 0 0 1,~98 339 217 226 107 13,448 1,919 789 9, 708 12,208 1,670 760 40,534 43,533 10,463 3,515 35,426 17,836 4,733 - 651 12,789 4,452 14,351 15,055 4,156 - 448 10,720 3, 718 14,378 4,870 1,097 - 144 3,690 931 12,816 4,124 14.0 12.9 8.5 3, 773 9.1 14.1 10.6 ~,993 89~ - 73 3,201 82~ 12,985 13.1 9.7 1,477 14.0 9.0 2,568 1979 1978 6, 772 2,084 17,912 7,683 2,593 Includes net gains or losses from securities and extraordinary items. 2/ Equity capital includes common and preferred stock, surplus, contingency reserves, and undivided profits.
@FedFRASER