Go to the FDIC’s website at www.fdic.gov. Find the most recent Balance Sheet and Income Statement for Bank of America using following steps. Click on “Researchers & Analysts,” then on “Statistics on Depository Institutions (SDI).”

Under “Banks,” click on BankFind.” Enter “Bank of America” in the Bank Name box. Click on “Search.” Click on the Bank of America subsidiaries listed. Click on “Financials,” then on “. . . more Financials.” Under “ID Report Selections:”

select the financial statement for “Assets and Liabilities” and then “Income and Expense.” This will download the most recent Balance Sheet and Income Statement.

Questions 1 What is the most recent value of total deposits for Bank of America? How has this changed since 2019 as reported in Table 12–1?

2 What is the most recent value of total interest income for Bank of America? How has this changed since 2019 as reported in Table 12–3?

3 From the most recent balance sheet and income statement, calculate the interest income, noninterest income, provision for loan loss, and tax ratios. Which ratio has changed the most since 2019 as reported in Table 12–5?

AppendixLO1