It also said non-interest income had risen by $45 million, to $414 million.

As for non-interest income, Chase enjoyed a 14 percent increase in fees and commissions, excluding special factors.

The bank's non-interest income rose to a record $284.7 million, from $256.5 million a year ago.

"The quarter's results reflected increases in both interest income and non-interest income combined with a continuing focus on expenses management."

But non-interest income, especially trading and trust fees, was higher at all of the banks, and most benefited from tightened cost controls.

The bank holding company's increase stemmed mainly from a rise in non-interest income.

But other non-interest income rose because of gains on venture capital investments and the sale of some real estate.

The bank's non-interest income was $1.7 billion in 1989, up by 12 percent.

But insurance could end up being a mainstay of American banks' non-interest income.

Program costs are projected to exceed non-interest income throughout the remainder of the 75-year period.