Q. 1) The following accounts (billions) are taken from balance sheet of the well-known depository financial institution:
NOW Accounts $ 1.7 Mortgages 2.9
Consumer Loans 1.2 Small Time Deposits 2.2
Cash Reserves 0.9 Fed Funds Sold 1.3
Premises 1.1 Demalso Deposits 5.6
Stockholders' Equity 1.8 Treasury Bills 1.6
Municipal Bonds 0.6 Long-term Debts 2.0
Goodwill 0.4 Business Loans 5.2
Negotiable CD's 1.2 Deferred Expenses 0.7
a) Create balance sheet for this depository financial institution.
b) Could this be a balance sheet for St. Ann's Credit Union or Bank of America?
Describe fully with suitable reasons for your choice.