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Feds say Mass. banks healthy
August 27, 2008
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BOSTON—Massachusetts banks have fewer assets and are dealing with more delinquent loans, but are generally special situation loans in better shape than institutions in other states.
The Federal Deposit private party auto loans bad credit Insurance Corp. said on Tuesday that of the 148 state-chartered banks it insures, the percentage of delinquent loans and leases rose to 0.67 percent as of June 30, up from 0.57 as of March Home Refinance Loans In The Us 31.
Nationally, the percentage was 1.94 as of June 30 and 1.64 at Government Student College Loans the end short term loans of March.
Total assets in Massachusetts banks fell to $223 billion from $234 billion a year ago.
Massachusetts banking commissioner Steven Antonakes says the figures show that state institutions are healthy and the decline in assets bountiful home loans was not surprising given the weak economy.
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