Abstract
Net income of member banks in the Eighth Federal Reserve District increased 7 percent in 1971 to $151 million, compared with a 15 percent increase in 1970. Chief factors accounting for the slower income growth in 1971 were a decline in the average rate charged on loans and the increased costs of time and savings deposits.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have