1992: Banking And Finance

Archives consist of articles that originally appeared in Collier's Year Book (for events of 1997 and earlier) or as monthly updates in Encarta Yearbook (for events of 1998 and later). Because they were published shortly after events occurred, they reflect the information available at that time. Cross references refer to Archive articles of the same year.

In 1992 declining interest rates which had a varying impact on consumers, depending on whether they were taking out mortgages or investing in certificates of deposit helped boost earnings by U.S. banks; these climbed to record levels, making the year the most profitable in banking history.... ...