Improved credit quality helped the nation's 25 largest banking companies achieve the highest quarterly earnings in recent years, as top banks in the second quarter surpassed the record set in the first quarter, a survey by the American Banker shows.

Net income at June 30 reached $6.0 billion, up 7.7% from the first-quarter total of $5.6 billion and up 21.3% from the second-quarter 1993 total of $5.0 billion.

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