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Go to any financial institution website (EXCEPT JP MORGAN CHASE) and find its latest Sources and...

Go to any financial institution website (EXCEPT JP MORGAN CHASE) and find its latest Sources and Uses of Funds Statement. How to have the sources and uses changed since March 2015.

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Answer #1

Answer- The financial institution that i am picking here is Bank of America.

Changes since 2015 are-

1. Cash

The amount of cash deposits in the country have increased by $9 billion every year since 2015 largerly due to retail deposits.

2. long term debts

long term debts have increased by $ 10 billion largerly due to redemption.

3. Loans

The amount of loans have increased substantially in the past few year because of the high demand by clients for commerical loans.

4. Assets

The amount of assets have increased to 3 trillion in the year 2017.

Most of the points are covered by me in the answer. Please rate.

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