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STATE-CHARTERED BANKS REPORT EARNINGS

 STATE-CHARTERED BANKS REPORT EARNINGS
 HARRISBURG, Pa., Dec. 12 /PRNewswire/ -- State Banking Secretary


Sarah W. Hargrove said today that Pennsylvania's state-chartered banks earned $225 million during the first nine months of 1991, or $30 million more than the same period last year.
 Assets and deposits both increased over the past year, Hargrove said.
 Total assets for the banking institutions were $71.8 billion as of Sept. 30, an increase of 4.2 percent over the $68.9 billion reported during the first nine months last year. Total deposits increased by 6.7 percent to $60.3 billion, up from $56.5 billion reported for the same period in l990.
 The number of institutions regulated by the department has increased from 168 to 184 since last year, primarily because of the conversion of nine savings and loan associations to savings banks and the addition of four newly chartered trust companies.
 The 184 institutions comprise 143 commercial banks, 20 savings banks, four private banks, and 17 non-deposit trust companies.
 The institutions maintain 2,028 branch offices, of which 308 are automated teller machines. Also included in the number of branches are eight foreign bank offices, four of which are required to file reports of condition.
 /delval/
 -0- 12/12/91
 /CONTACT: Stephanie Maurer of the Department of Banking, 717-783-4721/ CO: Department of Banking ST: Pennsylvania IN: FIN SU: ERN


MK -- PH027 -- 2056 12/12/91 15:13 EST
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Publication:PR Newswire
Date:Dec 12, 1991
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