AUTHORIZED STATEMENTS BY THE EXECUTIVE DIRECTOR OF THE INSTITUTE OF STATISTICS ON CONGRESSIONAL EXPRESSION AGAINST PROPOSED CONSOLIDATION AND OUTSOURCING
Last Friday, a group of 15 congressional members of the United States House of Representatives, both Republican and Democratic, signed a letter to express their rejection of the provisions on the Institute of Statistics contained in Reorganization Plan No. 1 and its enabling bills, both Senate Bill 809 and House Bill 1403.
In their communication, the congressmen recognize that the Institute of Statistics is a key ally of federal statistical agencies and that, greater collaboration between the Institute and federal statistical agencies, is essential for the Federal Government to produce the same statistics on Puerto Rico, which are already produced for all 50 states of the United States.
We greatly appreciate these expressions and we join them. That's the way it is. The Institute has been working for years, for example, to include the economy of Puerto Rico in statistics on the United States economy. For this reason, the Federal Government has required us to make some improvements to the methodologies used by the Planning Board.
In fact, we are currently the only entity in Puerto Rico that dedicates its own resources, including 10% of our budget, to making these improvements. For this purpose, there are already newly signed interagency agreements between the Institute and the Federal Government. It's just a matter of being allowed to execute them. We are extremely concerned that the proposed reorganization will stop or postpone these important projects, which could undermine the inclusion of Puerto Rico in the United States economy.
We are confident that in the coming days their counterparts in the Legislative Assembly of Puerto Rico will carefully weigh Reorganization Plan No. 1 and its enabling bills and will also join the call of their peers in the Federal Congress regarding the importance of maintaining an independent Institute of Statistics.
Likewise, we trust that in the coming days more voices will continue to unite and speak out against the proposed reorganization, just as more than 1,700 people have already done through the cyber petition on the change.org platform initiated and promoted by the American Statistical Association.
San Juan, Puerto Rico. June 4, 2025. The Puerto Rico Statistics Institute (Institute) published a new interactive dashboard that presents key financial indicators for banking institutions operating in Puerto Rico and that are regulated by the Federal Deposit Insurance Corporation (FDIC). This tool consolidates historical data from 2001 to the present, incorporating the most recent data available, corresponding to the first quarter of 2025.
The dashboard integrates a set of eighteen (18) financial indicators presented in the form of ratios, grouped into two main categories: performance indicators (Performance Ratios) and financial condition indicators (Condition Ratios). A financial ratio is a measure that relates two numerical variables, providing a standardized indicator that facilitates comparative analysis over time and between different entities. Currently, the dashboard includes information from six (6) banking institutions operating in Puerto Rico under FDIC regulation.
Among the Performance Ratios What is included in the dashboard are: Yield on Earning Assets, Cost of Funding Earning Assets, Net Interest Margin, Noninterest Income to Average Assets, Noninterest Expense to Average Assets, Return on Assets (ROA), Return on Equity (ROE), Loan and Lease Loss Provision to Net Charge-Offs, and Earning Coverage of Net Loan Charge-Offs.
As for the Condition Ratios, the dashboard presents: Earning Assets to Total Assets, Loss Allowance to Noncurrent Loans and Leases, Noncurrent Loans to Loans, Net Loans and Leases to Deposits,Net Loans and Leases to Core Deposits, Leverage (Core Capital)Ratio, Common Equity Tier 1 Capital Ratio, Tier 1 Risk-Based Capital Ratio, and Total Risk-Based Capital Ratio.
As part of the analytical value provided by this tool, the Institute has developed the calculation of the industry average for each of the indicators included in the dashboard. This average provides an essential statistical reference framework for understanding the aggregate behavior of the sector and allows us to evaluate each institution in relation to the market in which it operates. This facilitates comparative analysis and monitoring of trends in the Puerto Rican banking industry.
“One of the fundamental contributions of this dashboard is to consolidate an extensive and continuous historical series, which allows us to identify structural trends and cycles in the banking industry. This long-term perspective is essential to understand the evolution of Puerto Rico's financial environment and to support more robust economic analyses,” said Dr. Ronald G. Hernández Maldonado, Manager of Statistical Projects at the Institute.
The dashboard is available in the Special Projects section of the Puerto Rico Institute of Statistics portal, under the name of “Financial Indicators-Banks” or through the following direct link: VVisualizing Financial Indicators - Banks.
The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access. For more information you can write to preguntas@estadisticas.pr. They can also follow social networks through Facebook (@estadisticas .pr), X (@EstadisticasPR), LinkedIn (Institute of Statistics of Puerto Rico) and Instagram (@institutodeestadisticas) accounts.
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