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Federal Reserve Banks as Fiscal Agents and Depositories of the United States in a Changing Financial Environment
Federal Reserve Personal Financial Education Initiatives Report on the Condition of the U.S. Banking Industry: Second Quarter, 2004 Announcements Legal Developments
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Federal Reserve Banks as Fiscal Agents and Depositories of the United States in a Changing Financial Environment
Federal Reserve Personal Financial Education Initiatives
Report on the Condition of the U.S. Banking Industry: Second Quarter, 2004 Assets of reporting bank holding companies rose $365 billion (3.9 percent) in the second quarter because of an increase in consumer loans and the addition of a large insurance-oriented financial holding company. Holdings of securities and money market assets rose slightly overall, although the fifty large bank holding companies sold a portion of their holdings to adjust interest rate sensitivity. Deposits once again exhibited strong growth, although regulatory capital ratios edged down slightly. Net income fell $5 billion (18.0 percent), related to widely publicized one-time litigation charges at two of the largest bank holding companies. Asset quality continued to improve with nonperforming assets falling below 1.00 percent of loans and related assets for the first time in four years. Full text (34 KB PDF) Announcements Press releases and Board staff changes for the previous quarter. Full text (91 KB PDF) Legal Developments Various bank holding company, bank service corporation, and bank merger orders. Full text (442 KB PDF) |
Federal Reserve Bulletin
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