Business, 27.07.2021 17:50 madelyncross24
The following balance sheet accounts (in millions of dol- lars) have been taken from the annual report for a U. S. bank. Arrange the accounts in balance sheet order and determine the value of total assets. Based on the balance sheet structure, would you classify this bank as a community bank, regional bank, or a money center bank?
Premises $1,078
Savings deposits 3,292
Cash 2,660
NOW accounts 12,816
Long-term debt 1,191
Other assets 1,633
Other time deposits 2,333
Net loans $29,981
Short-term borrowing 2,080
Other liabilities 778
Equity 3,272
Investment securities 6,092
Demand deposits 5,939
Certificates of deposit
(under $100,000) 9,853
Federal funds sold 110
Answers: 2
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The following balance sheet accounts (in millions of dol- lars) have been taken from the annual repo...
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