FDIC Publishes 3Q08 US Bank Profile

The FDIC has released the 3Q08 Quarterly Banking Profile.

The headlines of the text give the flavour:

  • More Institutions Report Declining Earnings, Quarterly Losses
  • Lower Asset Values Add to the Downward Pressure on Earnings
  • Margin Improvement Provides a Boost to Net Interest Income
  • Loan Losses Continue to Mount
  • Growth in Reported Noncurrent Loans Remains High
  • Reserve Coverage of Noncurrent Declines
  • Failure-Related Restructuring Contributes to a Decline in Reported Capital
  • Liquidity Program Provides a Boost to Asset Growth
  • Discount Window Borrowings Fuel a Surge in Nondeposit Liabilities
  • Nine Failures in Third Quarter Include Washington Mutual Bank

The 2Q08 Report was previously noted on PrefBlog.

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