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assignment 6 - Econ 350 Winter 2012 Kenny Christianson due...

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Econ 350 Kenny Christianson Winter 2012 due: January 19, 12 noon Diwei Tao ASSIGNMENT SIX 1. To find the current balance sheet for all commercial banks in the United States, go to the following web site: www.federalreserve.gov/releases/h8/current . After looking at the balance sheet, please answer the following questions for the latest date: a. What are the major categories of assets shown? What are the major categories of liabilities shown? Loans and leases, bank credit, securities, cash assets and trading assets. Deposits, Borrowings ,Trading liabilities, other liabilities. b. From page 2, what percentage of banks' assets consist of securities (line 2)? (2539/12499.9)*100%= 20.3% c. From page 2, what percentage of banks' assets consist of loans and leases (line 9)? (6937.8/12499.9)*100%=55.5% d. From page 3, what percentage of banks' liabilities consist of deposits (line 31)? (8516.0/11180.9)*100%=76.2% 2. Suppose that FirstBank has the following simplified balance sheet. Assume that all other components of the balance sheet are equal to zero. Assets Liabilities reserves 490 demand deposits 4000 loans 3510
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