The charge-off rate, seasonally adjusted (SA), among the top 100 U.S. banks for the first quarter (1Q/16) increased 12 basis points (bps) sequentially (QTQ), and up 13 bps year-on-year (YOY).
On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 1Q/16, rose 24 bps QTQ and up 13 bps YOY.
Compared to two years ago, the SA charge-off ratio is down 20 bps, and the NSA charge-off ratio is down 18 bps.
According to the Federal Reserve, the top 100 U.S. banks posted a SA charge-off rate of 3.04% for 1Q/16, compared to 2.92% in 4Q/15, and 2.91% for 1Q/15.
On a NSA basis the top 100 U.S. banks posted a charge-off ratio of 3.13% for 1Q/16, compared to 2.89% in 4Q/15, and 3.00% for 1Q/15.
Source: Federal Reserve
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