Bank Net Income Sets a New Record in First Quarter

FDIC-Insured Commercial Banks, Dollars in Billions

Year Quarter Net Operating Income Securities and Other Gains/Losses, Net
1998 1 14.9 1.1
1998 2 15.7 0.4
1998 3 14.7 0.4
1998 4 14.0 0.7
1999 1 17.6 0.3
1999 2 16.9 0.1
1999 3 19.5 -0.2
1999 4 17.7 0.0
2000 1 20.0 -0.5
2000 2 15.5 -0.9
2000 3 20.0 -0.7
2000 4 17.2 0.5
2001 1 19.3 0.5
2001 2 18.6 0.6
2001 3 16.6 0.7
2001 4 17.8 0.9
2002 1 21.4 0.4
Source: FDIC Preliminary Bank Earnings Report, First Quarter 2002