Bank holding companies increased their income from mutual funds and annuities by 13% in 2005, to $19.5 billion.
Michael White Associates L.L.C., Radnor, Pa., is reporting those figures in its latest bank holding company fund income survey report.
About 49% of bank holding companies earned income from the sale of mutual funds and annuities in 2005, the firm says.
Income from those sources increased 13% in 2005 at banks with more than $10 billion in assets, to more than $16 billion.
Citigroup Inc., New York, came in first, with $2 billion in fund and annuity fees.
J.P. Morgan Chase & Co., New York, ranked second, and Wachovia Corp., Charlotte, N.C., ranked third.