California’s residential loans performed better than other credits during housing slump.
(Commercial banks with assets under $1 billion; California net charge-off rate by loan type 1991-1995 peak.)
|Types of Loans
|Residential Real Estate
||75 (in 1994)
|Construction Real Estate
||321 (in 1992)
|Commercial Real Estate & Multi-Family
||140 (in 1994)
|Commercial & Industrial
||388 (in 1992)
||238 (in 1993)
||191 (in 1992)
Note: Residential real estate is 1-4 family and home equity.
Source: Integrated Banking Information System (Office of the Comptroller of the Currency).