Chart 31 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 Basis Points
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)
Consumer Installment 238 (in 1993)
Total Loans 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).