Figure 28. Selected components of noninterest income and of other noninterest income as a proportion of total assets, 2002-08.
There are two panels. Data are plotted as curves. The top panel shows selected components of noninterest income. Other noninterest income starts in 2002 at about 1.6 percent of assets, and trends down to about 1.1 percent at the end of 2008. Deposit fees are mostly stable at 0.40 percent. Fiduciary income is also stable at about 0.35 percent until the latter part of 2008, when it moves down to about 0.3 percent of assets. Trading income oscillates within a band of about 0.1 and 0.3 percent of assets until the beginning of 2007 when it moves up to 0.4 percent, then drops to negative 0.4 percent and ends 2007 near zero. It then rebounds to about 0.2 percent in the third quarter of 2008, but ends the year at almost negative 0.4 percent. In the bottom panel, selected components of other noninterest income have been broken out. "Other" other noninterest income starts in 2002 at about 0.8 percent of assets, moves slightly up, and then down to about 0.7 percent of assets toward the end of 2003; it peaks at the end of 2003 at 0.9 percent and then, on balance, trends slightly down for the next four years, until it rises from about 0.7 percent of assets in mid-2008 to about 0.9 percent of assets at year-end 2008. Net-servicing income begins 2002 at about 0.4 percent of assets; it moves down slightly through mid-2003, rises to about 0.5 percent of assets, then trends down to 0.3 percent in mid-2008, and then drops to about 0.1 percent of assets at year-end 2008. Investment banking income is mostly flat over the time period 2002-2008 at about 0.1 percent of assets. Net gains (losses) on the sale of assets starts in 2002 at about 0.1 percent of assets, moves up just more than 0.2 percent of assets by mid-2003, then starts to decline, on balance, through 2008; at year-end, it is at about negative 0.1 percent of assets. Income from insurance activities is nearly flat over the time period 2002-2008 at less than 0.1 percent of assets.
NOTE: The data are quarterly. For definitions of other noninterest income and its "other" component, see the main text. Net gains (losses) on the sale of assets consist of the sale of loans and leases, other real estate owned, and other assets (excluding securities).
