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The following balance sheet accounts (in millions of dollars) have been taken from the annual report for a U.S. bank. Arrange the accounts in balance
The following balance sheet accounts (in millions of dollars) have been taken from the annual report for a U.S. bank.
Arrange the accounts in balance sheet order and determine the value of total assets.
Based on the balance sheet structure, would you classify this bank as a community bank, regional bank, or money center bank?
Premises | $ 1,078 | Net loans | $ 29,981 | |
Savings deposits | 3,292 | Short-term borrowing | 2,080 | |
Cash | 2,660 | Other liabilities | 778 | |
NOW Axxounts | 12,816 | Equity | 3,272 | |
Long-term debt | 1,191 | Investment securities | 6,092 | |
Other assets | 1,633 | Demand deposits | 5,939 | |
Other time deposits | 2,333 | Certificates of Deposit (under $100,000) | 9,853 | |
Federal funds sold | 110 |
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