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 $30.599, Net loans $631.473, Fed funds purchased and repurchase agreements

image text in transcribed
You know the following information about the Webb State Bank (in $mln ): Accumulated depreciation $30.599, Net loans $631.473, Fed funds purchased and repurchase agreements $146.436, Cash and due from banks $43.155, Trading account securities $30.16, Miscellaneous assets $98.846, Deposits $504.013, Undivided profits $131.897, Gross premises $85.976, Surplus $31.585, Subordinated debt $90.144, Common stock par $17.93, Gross loans $663.695, Fed funds sold and reverse repurchase agreements $10.149. 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

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

Understanding The Polish Capital Market From Emerging To Developed

Authors: Marek Dietl, Dariusz Zarzecki

1st Edition

1032286962, 978-1032286969

More Books

Students also viewed these Finance questions

Question

How many are there likely to be?

Answered: 1 week ago