Q. The following accounts (billions) are taken from balance sheet of 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 Debt 2.0
Goodwill 0.4 Business Loans 5.2
Negotiable CD's 1.2 Deferred Expenses 0.7
a) Create the balance sheet for this depository financial institution.
b) Could this be balance sheet for St. Ann's Credit Union or Bank of America? Explain fully the reasons for your choice.