Profitability of Credit Card Operations of Depository Institutions. An Annual Report by the Board of Governors of the Federal Reserve System, Submitted to Congress June 1999

摘要

Section 8 of the Fair Credit and Charge Card Disclosure Act of 1988 directs the Federal Reserve to transmit annually to the Congress a report about the profitability of credit card operations of depository institutions. This is the tenth annual report. The analysis here is based to a great extent on information from the Consolidated Reports of Condition and Income (Call Report) and two Federal Reserve surveys, the 'Quarterly Report of Credit Card Interest Rates' and the 'Survey of Terms of Credit Card Plans'.