Assignment Problem: The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.
a) Go to OSFI website Financial Data for Banks (osfi-bsif.gc.ca) under Financial Institutions - select Financial Data - select Banks > select domestic banks. Select Monthly. Populate the most recent consolidated balance sheet of a bank of your choice and attach a printout.
b) What is the total amount of loans held by the bank? Use "total currency".
c) What is this number as a percentage of total bank assets?
d) Calculate the Equity Multiplier.
e) Would you buy the share of this bank as an investment? Explain.