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Examine the balance sheet of commercial banks in the following table. Assets $ Billion Total Liabilities and Net Worth $ Billion Total Real assets
Examine the balance sheet of commercial banks in the following table. Assets $ Billion Total Liabilities and Net Worth $ Billion Total Real assets Liabilities Equipment and premises $ 151.2 1.3\ Deposits $ 10,265.3 85.4 Other real estate 34.9 0.3 Total real assets $ 186.1 1.5 Debt and other borrowed funds Federal funds and repurchase agreements 384.0 3.2 198.0 1.6 Other Total liabilities 330.7 2.8 $ 11,178.0 93.0 Financial assets Cash $ 866.3 7.2 1 Investment securities 2,032.1 16.9 Loans and leases 6,567.3 54.6 Other financial assets 1,191.2 9.9 Total financial assets $ 10,656.9 88.6 Other assets Intangible assets 411.4 Other 770.7 3.4\ 6.4 Total other assets i $1,182.1 9.8 Not worth $ 847.1 7.0 Total $ 12,025.1 100.0 $ 12,025.1 100.0 Balance sheet of FDIC-insured commercial banks and savings institutions Note: Column sums may differ from total because of rounding error. Source: Federal Deposit Insurance Corporation, www.fdic.gov, March 2016. a. What is the ratio of real assets to total assets? (Round your answer to 4 decimal places.) Ratio of real assets to total assets
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