Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Practical Task 22/02/2022 During the previous lecture we have discussed the main parts and components of banks balance sheet. Now I want you to compose

Practical Task 22/02/2022 During the previous lecture we have discussed the main parts and components of banks balance sheet. Now I want you to compose a balance sheet for a hypothetical bank using the given data and the blank for filling in.

You are also required to calculate the amount of core deposits ($) and the percentage of equity capital (%). Given data: Time deposits 1 938 000 $

Municipal securities 871 000 $

Other real estate owned 10 000 $

Retained earnings 366 000 $

Other saving deposits 426 000 $

Commercial loans 1 907 000 $

Cash due from banks 320 000 $

Other borrowed funds 148 000 $

Demand deposits 1 050 000 $

Subordinated notes 10 000 $

Other loans and leases 411 000 $

Common stock 235 000 $

Individual loans 475 000 $

Foreign debt securities 450 000 $

Other assets 45 000 $

ATS accounts 385 000 $

Premises, fixed assets 93 000 $

Other liabilities 24 000 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Margins Of Error In Accounting

Authors: D. Myddelton

1st Edition

0230219918, 9780230219915

More Books

Students also viewed these Accounting questions

Question

When is stress positive? Give examples.

Answered: 1 week ago