Question
You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.764, Net loans $631.941, Fed funds purchased and repurchase agreements
You know the following information about the Webb State Bank (in $ mln): Accumulated depreciation $30.764, Net loans $631.941, Fed funds purchased and repurchase agreements $142.228, Cash and due from banks $42.013, Trading account securities $34.711, Miscellaneous assets $93.378, Deposits $509.99, Undivided profits $132.418, Gross premises $88.364, Surplus $31.015, Subordinated debt $96.482, Common stock par $15.578, Gross loans $650.997, Fed funds sold and reverse repurchase agreements $10.215. Given this information, what are the the bank's total liabilities, 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started