Question 17

This question has to do with finding financial statements of different banks, all of which is public information.

First, go to www.fdic.gov
Second, on the right hand side, under "Find My Bank," select California and then type in your bank name. There is also an advanced search that allows you to enter the City and Zip Code.  In 95501, there are several active banks that the FDIC has information for.  They can be found using this search tool:
http://www2.fdic.gov/idasp/main3.asp
They are:
1.  Bank of America National Association (based in North Carolina)
2.  JP Morgan Chase Bank National Association (based in Ohio)
3.  Redwood Capital Bank (based in California)
4.  US Bank National Association (based in Ohio)
5.  Umpqua Bank (based in Oregon)
6.  Wells Fargo Bank National Association (based in South Dakota)

This question requires you to look at total assets, total liabilities, total deposits, net income, and the number of branches from 2010 to 2011.  All the data can be found under "Institution Directory - 2 Year Financial Report" on the bank's main FDIC page.  You should be able to find all the data on that sheet.  Be sure and compare 2010 to 2011.

Also, you don't have to give a report on your specific bank.  There are plenty of other banks that you could do research on.  Instead of saying you live in Eureka, CA (95501), say you live in New York, NY (10010), and you will find more than 350 different financial institutions.

You can also compare these banks from the present time to the end of 2008, to see how their assets and liabilities have changed as a result of the crisis.  For example, Goldman Sachs' total assets have gone from $163 Billion in 2008 down to $105 Billion at the end of 2011.