SAN ANTONIO - State-chartered banks earned a record $20.1 billion in 1994, outpacing the average growth rate for banks by the Bank Insurance Fund, the national trade association for state regulators reported.

Net income at the 7,680 state-chartered institutions was 6.7% greater than in 1993, even as the number of state banks declined by 4.5%. That compares with an increase of 5.4% in earnings for all BIF-insured institutions and 3.7% for the industry, the Conference of State Bank Supervisors reported at its annual meeting here this week.

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