FEDERAL RESERVE BANK OF MINNEAPOLIS
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M as a percentage of capital accounts, no improvement in net profits was realized in 1951 over 1950 by the typical mem• ber bank in the Ninth district. The Operating Ratios study* recently completed by the Federal Reserve Bank of Minneapolis reveals that, although this was true of the typical bank, a comparatively small number of larger banks enjoyed higher net profits last year. This explains the higher aggregate volume of bank profits reported in the Review last month.