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 $31.808 Net loans $637.839, Fed funds purchased and repurchase agreements

You know the following information about the Webb State Bank (in $ mln):

Accumulated depreciation $31.808

Net loans $637.839,

Fed funds purchased and repurchase agreements $143.757,

Cash and due from banks $42.131,

Trading account securities $34.947,

Miscellaneous assets $108.455,

Deposits $502.102,

Undivided profits $132.485,

Gross premises $97.199,

Surplus $31.903,

Subordinated debt $90.174,

Common stock par $19.408,

Gross loans $651.915,

Fed funds sold and reverse repurchase agreements $10.985.

Given this information, what are the the bank's total liabilities, to the nearest $0.001 million?

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

Secured Finance Transactions

Authors: Dominic RM Griffiths

2nd Edition

1787425142, 978-1787425149

More Books

Students also viewed these Finance questions