Earnings of Banc One Corp. and Fourth Financial Corp. were hurt in the second quarter by customers who moved funds from transaction accounts into higher-cost time deposits.

Banc One Corp., Columbus, with $86.8 billion of assets, reported a 7% decline in net income for the quarter, to $307.5 million. Likewise Fourth Financial Corp. of Wichita, Kan., said its second-quarter net fell 9%, to $19.1 million.

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