Part 1:

Go to the research section of FDICs website for the BankFind Suite. You will be finding the most recent Balance Sheet and Income Statement for Bank of America using following steps. Enter Bank of America in the Bank Name box. 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.

1. What is the most recent value of total deposits for Bank of America? How has this changed since 2016 as reported in Table 121?
2. What is the most recent value of total interest income for Bank of America? How has this changed since 2016 as reported in Table 123?
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 2016 as reported in Table 125?

Part 2:

a. What advantages do finance companies have over banks in offering services to small-business customers?

b. Why are finance companies less regulated than commercial banks?

c. Why have finance companies begun to offer more mortgage and home equity loans? (LG 14-7)

d. What is a wholesale motor vehicle loan?

e. What signal does a low debt-to-assets ratio for a finance company send to the capital markets?