FDIC Banks Earn Big, But Still Lend Little
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Provisions for loan losses totaled $62.5 billion in the quarter, an increase of $11.3 billion (22.2 percent) over the third quarter of 2008. Net interest income was $4.6 billion (4.8 percent) higher than a year earlier, noninterest income increased by $4 billion (6.8 percent), realized losses on securities and other assets were $3.8 billion lower and noninterest expenses declined by $1.6 billion (1.7 percent).
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