question archive MSUS Bank has prepared a Report of Income for the FDIC
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MSUS Bank has prepared a Report of Income for the FDIC. Please fill in the missing items from its statement shown below (all figures in millions of dollars). Show your work in the designated space next to the table. Show Your Work a. Total interest expense b. Provision for loan and lease losses Report of Income Total interest income Total interest expense Net interest income Provision for loan and lease losses Total noninterest income Fiduciary activities Service charges on deposit accounts Trading account gains & fees Additional noninterest income Total noninterest expense Salaries and employee benefits Premises and equipment expense Additional noninterest expense Pre-tax net operating income Securities gains (losses) Applicable income taxes Income before extraordinary items Extraordinary gains - net Net income 305.00 ? 98.00 ? 94.00 18.00 25.00 ? 30.00 125.00 ? 12.00 20.00 15.00 6.00 4.00 ? 2.00 ? c. Trading account gains & fees d. Salaries and employee benefits e. Income before extraordinary items f. Net income
Please show your work for all problems. Write your answers with two decimal points (e.g., 59.74, 31.50%, $802.57, 567.00 million)
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