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Miller Bank Balance Sheet: Assets: Bonds, Total $1650 Made up of: Government agency bonds Deposits $6000 $450 Liabilities and Equity: Borrowings from other banks
Miller Bank Balance Sheet: Assets: Bonds, Total $1650 Made up of: Government agency bonds Deposits $6000 $450 Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Made up of: Municipal bonds $200 Checking deposits $5000 US government (Treasury) Savings deposits $1000 bonds $1000 Other Liabilities $800 Building $2400 Equity $??? Cash $200 Commercial Paper $600 Deposit in the Federal Reserve $450 Loans, Total $2100 Made up of: Home mortgages $??? Federal funds $300 Loans to households $800 Loans to firms $550 TOTAL LIABILITIES AND EQUITY: $7400 TOTAL ASSETS: $???
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