Carlson, Mark; Perli, Roberto - In: Federal Reserve Bulletin (2004) Spr, pp. 162-191
Amid a strengthening economic expansion, U.S. commercial banks remained highly profitable in 2003. Return on assets reached a record level for the second year in a row, and return on equity was near the top of its recent range. Banks' profits were bolstered by decreased loan-loss provisions as a...