Profitability declined at most of the 10 biggest U.S. banks in the first quarter, and large second-tier regional banks posted mixed results, according to American Banker's latest quarterly survey.

Among banks with $70 billion or more in assets were Citicorp, with a 21.59% return on equity, First Chicago Corp. with 18.61%, First Union Corp. with 16.92%, and Banc One Corp. with 16.38%. Citicorp was the only one of those four to show an improvement in ROE. (Tables begin on page 6.)

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