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6 Assets INCOME STATEMENT DATA ...

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Question

Finance

6

Assets INCOME STATEMENT DATA
Interest Income 444,902
Cash 336,500 Non Interest Income 227,550
Fed Funds 72,000 Interest Expenses 280,850
Treasury Securities 1,498,000 Non Interest Expenses 165,000
Muncipal Bonds 248,000 Provision for loan losses 5,950
Corporate Bonds 48,000 TAX RATE 21%
Gross Loans and Leases 4,500,000
Reserve for loan losses 12,000
Net Loans and Leases 4,488,000
Other Assets 34,000
Total Assets 6,724,500
Liabilities
Demand deposits 514,000
Savings Accounts 700,000
NOW Accounts 800,000
Money Market Accounts 300,000
CD (retail < 250,000) 2,580,000
CD (wholesale > 250,000) 1,200,000
REPO's 37,000
Other liabilities 12,700
Total Liabilities 6,143,700
Total Equity 580,800
Total Liabilities & Equity 6,724,500 -

CALCULATE AVERAGE COST OF INTEREST-BEARING LIABILITIES (COST RATE ON FUNDS)

PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES, DON'T USE THE PERCENTAGE SYMBOL

EXAMPLE IF YOUR ANSWER IS 57%, JUST WRITE 57

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