1. Go to the Standard & Poors Market Insight Web site at www.mhhe.com/edumarketinsight. Click on Educational Version...

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1. Go to the Standard & Poor’s Market Insight Web site at www.mhhe.com/edumarketinsight. Click on “Educational Version of Market Insight.” Enter your site ID and click on “Login.” Click on “Company.” Find the most recent data for deposits, equity, and assets held by the Bank of New York (BK), Citigroup (C), J. P. Morgan Chase (JPM), and Bank of America (BAC) using the following steps. Enter “BK” in the “Ticker:” box and click on “Go!” Click on “Excel Analytics.” Click on “FS Ann. Balance Sheet.” This will download the balance sheet for Bank of New York, which contains the balances for total equity and total assets. Repeat the process by entering “C” in the “Ticker:” box to get information on Citigroup. Repeat the process by entering “JPM” in the “Ticker:” box to get information on J. P. Morgan Chase. Repeat the process by entering “BAC” in the “Ticker:” box to get information on Bank of America. Calculate the deposits-to-assets and equity-to-assets ratios for these four financial institutions. How do these ratios differ for the FIs?

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