Most banks either lowered fees or kept them steady last year, according to a study the Federal Reserve Board sent Congress Thursday.

Of 39 fees analyzed, the Fed said 40% were lowered in 1997 and 50% were virtually unchanged. The results are a reversal of last year's survey, in which the Fed found most banks increased fees.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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