Question

Along with the Report of Condition submitted above, Jasper has also prepared a Report of Income for the FDIC. Please fill in the missing items (A - E) from its statement shown below (all figures in millions of dollars):

Report of Income
Total Interest Income	$120
Total Interest Expense	(A)
Net Interest Income	40
Provision for Loan and Lease Losses	(B)
Total Noninterest Income	58
Fiduciary Activities	8
Service Charges on Deposit Accounts	6
Trading Account Gains and Fees	(C)
Additional Noninterest Income	30
Total Noninterest Expense	77
Salaries and Benefits	47
Premises and Equipment Expense	10
Additional Noninterest Expense	20
Pretax Net Operating Income	17
Securities Gains (Losses)	1
Applicable Income Taxes	5
Income Before Extraordinary Income	(D)
Extraordinary Gains – Net	2
Net Income	(E)

Answer 1

Report of Income
Total Interest Income	$120
Total Interest Expense	80
Net Interest Income	$40
Provision for Loan and Lease Losses	4
Fiduciary Activities	8
Service Charges on Deposit Accounts	6
Trading Account Gains and Fees	14
Additional Noninterest Income	30
Total Noninterest Income	58
Salaries and Benefits	47
Premises and Equipment Expense	10
Additional Noninterest Expense	20
Total Noninterest Expense	77
Pretax Net Operating Income	17
Securities Gains (Losses)	1
Applicable Income Taxes	5
Income Before Extraordinary Income	13
Extraordinary Gains – Net	2
Net Income	15