Response to the following problem:
The following balance sheet accounts (in millions of dollars) 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
|
Net loans
|
$29,981
|
|
Savings deposits
|
3,292
|
Short-term borrowing
|
2,080
|
|
Cash
|
2,660
|
Other liabilities
|
778
|
|
NOW accounts
|
12,816
|
Equity
|
3,272
|
|
Long-tam debt
|
1,191
|
investment securities
|
5,334
|
|
Other assets
|
1,633
|
Demand deposits
|
5,939
|
|
Intangible assets
|
758
|
Certificates of deposit (under $100,000)
|
9,853
|
|
Other time deposits 2,333
|
Federal funds sold
|
110
|