Income and Expenses of Eighth District Member Banks
Net income of member banks in the Eighth Federal Reserve District increased 3.5% in 1972 to $153 million, compared to a 7.1% increase in 1971. The rate of return on equity capital was 11.2%, down slightly from 11.4% in the previous year. Operating expenses increased at a faster rate than operating income in 1972, but a decline in income taxes resulted in the small rise in net income.
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