Indeed, the average annual income for male employees at money-center banks is $96,000, among the highest of any industry.

But the official said the Government would not let a big money-center bank fail.

"The pressures that might come from various constituencies would cause the money-center banks to consider it very seriously."

The other money-center banks, however, have said they remain committed to the developing world.

For example, Morgan's return on assets in the quarter was 0.99 percent, down from prior quarters but still better than most money-center banks.

Historically, the percentage for big money-center banks has been 5 percent or more.

"Those who have not paid a price are the large money-center banks."

Others say that the money-center banks will remain the nation's most important financial institutions because of their broader capabilities.

And in the last two months, big money-center banks have set aside billions of dollars to cover large potential losses on bad third world loans.

Most money-center banks pay dividends equal to 35 to 40 percent of their earnings, he said.