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April 1969

Member Bank Income - 1968

by David C. Rowan and Jerry L. Jordan

Net profits at member banks in the Eighth Federal Reserve District rose moderately in 1968. Net income after taxes (net profits) was up about 5% for the year, compared with increases of 8% and 14% in 1967 and 1966, respectively, and an average annual rate of 7% in the 1957-68 period.