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8. The following balance sheet accounts (in millions of dollars) have been taken from the annual report for a U.S. bank. Arrange the accounts in

8. The following balance sheet accounts (in millions of dollars) have been taken from the annual report for a U.S. bank.

Arrange the accounts in balance sheet order and determine the value of total assets.

Based on the balance sheet structure, would you classify this bank as a community bank, regional bank, or money center bank?

Premises $ 1,078 Net loans $ 29,981
Savings deposits 3,292 Short-term borrowing 2,080
Cash 2,660 Other liabilities 778
NOW Axxounts 12,816 Equity 3,272
Long-term debt 1,191 Investment securities 6,092
Other assets 1,633 Demand deposits 5,939
Other time deposits 2,333 Certificates of Deposit (under $100,000) 9,853
Federal funds sold 110

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