Fee income from foreign exchange services and letters of credit totaled $10.9 million in the second quarter of 2013, up 9 percent from the second quarter of 2012 and up 13 percent from the first quarter of 2013. First-half 2013 foreign exchange services and letters of credit fee income totaled $20.5 million, up 9 percent from the same period last year. The increases were due primarily to increased client activity and the addition of new clients.Other income was $20.4 million in the second quarter of 2013, up 17 percent from the second quarter of 2012 and 11 percent higher than the first quarter of 2013. Other income in the first half of this year was $38.8 million, up 25 percent from the year-ago period. The increases from the year-ago periods were due primarily to higher lease income and higher income from client swap transactions. Second-quarter 2012 results included only two months of lease income from the April 30, 2012, acquisition of First American Equipment Finance.
City National Corporation Grows Second-Quarter 2013 Net Income To $59.7 Million, Up 9 Percent From Second-Quarter 2012; First-Half 2013 Net Income Totals $111.3 Million, Up 10 Percent
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