NEW YORK ( TheStreet) -- The FDIC reported its quarterly banking profile Tuesday morning, but I did not see any coverage on financial TV for what I believe is the status of the balance sheet for the U.S. economy.According to the report, FDIC-insured financial institutions earned $34.7 billion in net income in the fourth quarter down from $37.6 billion in the third quarter. Earnings continue to be buoyed by the reduction of loan loss provisions and rising noninterest income, not by a significant increase in interest income from new loan issuance as tight credit standards continue.
FDIC Quarterly Banking Profile Takes a Back Seat to Bernanke
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