WASHINGTON -- The average cost of funds for federally insured thrifts fell in the second quarter to 7.12%, its lowest level since the 7.06% of the first quarter in 1987, the Office of Thrift Supervision said.

The figure was 7.44% in the first quarter this year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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