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Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
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 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-term 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 |
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