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bank reserves for loan losses (2) Bank XYZ made a provision for loan loss of $3.5 million, charged off $5 million of loans, and recovered
bank reserves for loan losses
(2) Bank XYZ made a provision for loan loss of $3.5 million, charged off $5 million of loans, and recovered $1,750,000 of previously written-off loans in 2009. At the end of 2009 the bank's balance sheet reserves for loan losses were \$2 million. What were the bank's reserves for loan losses at the end of 2008 Step by Step Solution
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