Use the following information about the MSU Bank to answer Questions 1-6 $40 600

Question

Use the following information about the MSU Bank to answer Questions 1-6 $40 600 200 50 40 100 500 140 90 40 100 160 20 700 Accumulated depreciation Net loans Fed funds purchased and repurchase agreements Cash and due from banks Trading account securities Miscellaneous assets Deposits Undivided profits Gross premises Surplus Subordinated debt Investment securities Common stock Gross loans What is the bank's allowance for loan losses? Oa. $1,300 Ob.$100 O c. $200 d.$1,000 QUESTION 2 What is the bank's net premises? a. $30 b.$100 c. $50 d.$200

Explanation / Answer

(1)bank allowances == fed funds purchased and repurchase agreements+miscellenoues assets+deposits+undived profits+surplus+common stock

==200+100+500+14040+20=1000

(2) net premises==subordinated debits==100

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