Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is the formula given for solving the Rate Of Return Earned From Securities: Sum of Interest Income From Securities Total Securities How do I

This is the formula given for solving the Rate Of Return Earned From Securities: Sum of Interest Income From Securities Total Securities

How do I solve and wouldn't the Sum also be the Total?

Balance Sheet
2018 2017
ASSETS
Loans $ 14,050,453 $ 13,865,815
Securities $ 4,215,761 $ 3,641,093
Overnight Loans $ 558,454 $ 951,252
TOTAL INTEREST EARNING ASSETS $ 18,824,668 $ 18,458,160
Cash $ 486,812 $ 535,687
Capital Equipment $ 846,989 $ 844,843
Other $ 1,218,470 $ 1,192,051
TOTAL NON-INTEREST EARNING ASSETS $ 2,552,271 $ 2,572,581
TOTAL ASSETS $ 21,376,939 $ 21,030,741

Securities

Within 1 Year Average Balance Average Balance
U.S. Treasury $ 811,835 $ 1,236,336
Government Agency $ 2,176,143 $ 1,369,569
Residential Mortgage Backed Sec. $ 373 $ 3
State, County & Municipal Bonds $ 244 $ 757
Equity Securities $ 15,313 $ 17,231
Corporate $ 252,820 $ 163,170
TOTAL SHORT TERM SECURITIES $ 3,256,728 $ 2,787,066
Longer than 1 year Average Balance Average Balance
U.S. Treasury $ 75,984 $ 502,954
Agency $ 416,066 $ 50,417
Residential MBS $ 306,848 $ 143,542
State, County $ 797 $ 499
Corporate $ 159,338 $ 156,615
TOTAL LONG TERM SECURITIES $ 959,033 $ 854,027
TOTAL SECURITIES $ 4,215,761 $ 3,641,093

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

The Bank Merger Wave

Authors: Gary Dymski

1st Edition

0765603829, 978-0765603821

More Books

Students also viewed these Finance questions

Question

Explain the pages in white the expert taxes

Answered: 1 week ago

Question

Demonstrate three aspects of assessing group performance?

Answered: 1 week ago