Chart 4 Industry earnings have not always fluctuated in sync with the business cycle. (Includes all FDIC-insured commercial banks)

Year Return on Assets (percent) Return on Equity (percent) Recession This Year? (yes/no)
1960 0.90 11.33 yes
1961 0.89 11.11 no
1962 0.82 10.25 no
1963 0.79 9.78 no
1964 0.79 10.04 no
1965 0.79 10.43 no
1966 0.78 10.44 no
1967 0.82 11.32 no
1968 0.80 11.38 no
1969 0.85 12.00 no
1970 0.88 12.36 yes
1971 0.87 12.37 no
1972 0.83 12.24 no
1973 0.85 12.88 no
1974 0.76 12.52 yes
1975 0.68 11.79 yes
1976 0.69 11.52 no
1977 0.70 11.72 no
1978 0.76 12.91 no
1979 0.80 13.90 no
1980 0.79 13.68 yes
1981 0.76 13.11 no
1982 0.71 12.14 yes
1983 0.66 11.09 no
1984 0.64 10.52 no
1985 0.69 11.07 no
1986 0.63 9.94 no
1987 0.10 1.55 no
1988 0.82 13.19 no
1989 0.49 7.71 no
1990 0.48 7.46 yes
1991 0.53 7.94 no
1992 0.93 12.98 no
1993 1.20 15.33 no
1994 1.15 14.61 no
1995 1.17 14.66 no
1996 1.19 14.44 no
1997 1.23 14.67 no
1998 1.19 13.94 no
1999 1.31 15.30 no
2000 1.18 13.99 no
2001 1.15 13.08 yes
2002 1.33 14.46 no
2003 1.40 15.31 no
2004 1.30 13.74 no
2005 1.34 13.19 no