The report indicates that in recent years credit card profitability has generally been higher than returns on other major bank product lines, although net earnings as a percentage of outstanding balances
for credit card banks in 1992 were not as high as they were in the mid-1980s.
In 1991, the costs of credit card activities totaled about 23 percent of outstanding balances
at FCA-participating banks.
In addition, all Japanese banks' outstanding balance
of real deposits -- total deposits minus checks and discount bills -- rose 0.
More commonly, lenders set minimum payments at some percentage of the outstanding balance
(for instance, 1 1/2 percent).
The association also said the outstanding balance
of loans by the 137 banks, which also include eight trust banks and two long-term credit banks, totaled 4,307.
The outstanding balance
of ordinary and other liquid deposits at ''shinkin banks'' (credit associations) fell in May for the first time in four months, suggesting a fund shift from time deposits had subsided, the Shinkin Central Bank said Friday.
9% fall in the combined outstanding balance
of individual life insurance and annuity contracts at the March 31 end of the business year from a year earlier.
The debt consists of the outstanding balance
of government bonds, borrowings and financing bills.