Chart 4
As Japanese Banks Have Experienced Earnings
Difficulties, U.S. Banks Have Remained Highly Profitable

Return on Assets
Date FDIC-Insured
Depository
Institutions
All
Japanese
Banks
1989 0.2% 0.2%
1990 0.2% 0.2%
1991 0.4% 0.2%
1992 0.9% 0.1%
1993 1.1% 0.1%
1994 1.0% 0.0%
1995 1.1% -0.5%
1996 1.1% 0.0%
1997 1.1% -0.5%
1998 1.1% -0.6%
1999 1.2% 0.1%
2000 1.1% 0.0%
2001 1.1% -0.7%

* Return on asset figures for Japanese banks are as of the end of the fiscal year, which ends in March.

Source: FDIC Research Information System and Bank of Japan