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 ba...

Assets Liabilities and Equity Cash 2660 Demand deposits 5939 Fed funds sold 110 NOW accounts ...

The following balance sheet accounts (in millions of dollars) have been taken from the annual report for

Question:

The following accounts (in millions of dollars) have been taken from the annual report for a U.S. bank. Arrange the accounts in order and determine the value of total assets. Based on the structure, would you classify this bank as a community bank, regional bank, or a money centerbank?

The following balance sheet accounts (in millions of dollars) have

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...