Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.462, Net loans $632.303, Fed funds purchased and repurchase agreements

You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.462, Net loans $632.303, Fed funds purchased and repurchase agreements $154.434, Cash and due from banks $41.724, Trading account securities $31.773, Miscellaneous assets $90.057, Deposits $459.957, Undivided profits $132.925, Fed funds sold and reverse repurchase agreements $12.879, Gross premises $82.361, Surplus $31.287, Subordinated debt $93.202, Common stock par $15.379, Gross loans $656.784. Given this information, what is the the bank's total nondeposit borrowings, to the nearest $0.001 million? E.g. if your answer is $254.6755 million, record it as 254.676.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions