For the first time since the asset-quality turmoil of the late 1980s and early 1990s, none of the largest 100 bank holding companies reported midyear losses, according to an American Banker survey.

Raking in $16.5 billion in the first six months of 1994, the nation's largest 100 banks boosted earnings 12.8% over the corresponding period in 1993 reflecting the industry's return to health.

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