Current Condition of the U.S. Thrift Industry

OTS has recently release "Thrift Industry Highlights - First Quarter 2007".  With all the concern about the U.S. housing market, this report contains some reassuring statistics. 

The bottom line of this report is:  "The thrift industry reported solid earnings and profitability in the first quarter of 2007 despite continued weakness in housing markets and a flat-to-inverted yield curve.  Levels of problem assets rose again in the first quarter reflecting the slowing housing sector and the current credit cycle, but remain at generally low and manageable levels."

Link:  http://www.ots.gov/docs/1/147100.pdf 

(ag) May 28, 2007, in Federal Banking Agencies/OTS