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February 19, 2008
Year End Financial Data for Banks
FDIC's Letter to Stakeholders highlights the following bank stats from year-end 2007:
* FDIC-insured commercial banks and savings institutions reported net income of $28.7 billion in the third quarter of 2007, a decline of $9.4 billion (24.7 percent) from the third quarter of 2006. The year-over-year decline is primarily attributable to increases in provisions for loan losses and a decline in non-interest income.
* Estimated insured deposits increased by $9.7 billion in the third quarter of 2007.
Link: http://www.fdic.gov/about/financial/letters/07Q4_stake.html
(ag) Feb. 19, 2008, in FDIC
February 19, 2008 in Federal Banking Agencies - FDIC | Permalink
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