Chart 8. In General, Credit Card Lenders Remain Highly Profitable Despite Increasing Loan Losses

	Net Charge-off Rate for Credit Card Lenders	Return on Average Assets
1984	1.3	2.5
1985	2.5	1.3
1986	3.7	1.4
1987	3.4	1.7
1988	3.2	1.7
1989	3.2	1.9
1990	3.8	2.3
1991	4.7	2.2
1992	5.0	2.9
1993	3.5	3.7
1994	2.4	3.6
1995	3.0	2.6
1996	3.9	1.9
1997	4.9	2.1
1998	5.0	2.9
1999	4.1	3.5
2000	3.8	3.0
2001	5.1	2.9
2002	6.7	3.6

*Credit card lenders are defined as institutions whose credit card loans plus securitized receivables exceed 50 percent of total assets plus securitized receivables.

Source: FDIC Research Information System