Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.973, Net loans $634.949, Fed funds purchased and repurchase agreements

You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.973, Net loans $634.949, Fed funds purchased and repurchase agreements $152.006, Cash and due from banks $40.563, Trading account securities $30.74, Miscellaneous assets $90.218, Deposits $452.179, Undivided profits $130.696, Fed funds sold and reverse repurchase agreements $12.958, Gross premises $82.791, Surplus $31.423, Subordinated debt $91.214, Common stock par $15.261, Gross loans $653.199. 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 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

Handbook Of Blockchain Digital Finance And Inclusion

Authors: David Lee, Robert H. Deng

1st Edition

012812282X, 978-0128122822

More Books

Students also viewed these Finance questions