Report

Report to the Congress on the Profitability of Credit Card Operations of Depository Institutions, August 1997


Abstract: 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 eighth annual report. The analysis here is based to a great extent on information from two sources: the Consolidated Reports of Condition and Income (Call Report) and the Functional Cost Analysis (FCA).

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: Reports and Studies

Publication Date: 1997