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Rate Of Return Earned From Securities Assignment | Homework For You

This is the formula given for solving the Rate Of Return Earned From Securities: Sum of Interest Income From Securities ÷ Total SecuritiesHomework For You

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How do I solve and wouldn’t the Sum also be the Total?

Balance Sheet
2018 2017
ASSETS
Loans $                   14,050,453 $            13,865,815
Securities $                     4,215,761 $              3,641,093
Overnight Loans $                        558,454 $                 951,252
TOTAL INTEREST EARNING ASSETS $                   18,824,668 $            18,458,160
Cash $                        486,812 $                 535,687
Capital Equipment $                        846,989 $                 844,843
Other $                     1,218,470 $              1,192,051
TOTAL NON-INTEREST EARNING ASSETS $                     2,552,271 $              2,572,581
TOTAL ASSETS $        21,376,939 $   21,030,741

Securities

Within 1 Year Average Balance Average Balance
U.S. Treasury $           811,835 $        1,236,336
Government Agency $        2,176,143 $        1,369,569
Residential Mortgage Backed Sec. $                  373 $                      3
State, County & Municipal Bonds $                  244 $                  757
Equity Securities $             15,313 $             17,231
Corporate $           252,820 $           163,170
TOTAL SHORT TERM SECURITIES $        3,256,728 $        2,787,066
Longer than 1 year Average Balance Average Balance
U.S. Treasury $             75,984 $           502,954
Agency $           416,066 $             50,417
Residential MBS $           306,848 $           143,542
State, County $                  797 $                  499
Corporate $           159,338 $           156,615
TOTAL LONG TERM SECURITIES $           959,033 $           854,027
TOTAL SECURITIES $        4,215,761 $        3,641,093

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