Banks Keep Shedding Municipals

Tax-exempt bonds continue to hold no allure for the nation's 500 largest banks. Declining profitability led the institutions to reduce their municipal portfolios by $6.11 billion, or 14%, in the first half of 1991.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.