The table below shows the balance sheet of all commercial banks based on aggregate data found in the Federal Reserve Bulletin. Compare the data in the table to the balance sheet of Bank of America (BOA) which can be found at https://www.marketwatch.com/investing/stock/bac/financials/balance-sheet. Specifically, add two columns to the table to present BOA percentages (10 points). All banks BOA All banks BOA Assets Liabilities Reserves & Cash items 16 Checkable deposits 10 As far as BOA is concerned, use 2019 data. Use your table to compare the percentages of loans and securities in the balance sheet of BOA (2019) with the percentages of loans and securities presented in the balance sheet of all commercial banks (2016). Limit your comparison to 200 words per category compared (loans (5 points) and securities (5 points)). Remember to add the number of words and references. The balance sheet of all commercial banks in 2016 in the table below (items as a percentage of total) ASSETS LIABILITIES Reserves & Cash Items 16 Checkable deposits 10 Securities Non-transaction deposits U.S. government and agency 14 Small-denomination time deposits 50 State and local government and other securities 6 State and local government and other securities Loans Large-denomination time deposits 10 Commercial and industrial 13 Borrowings 19 Real estate 25 Bank capital 11 Consumer 8 Other 9 Other assets (for example, physical capital) 8 Total 100 Total 100 ***** Source: http://www.federalreserve.gov/releases/h8/ and http://www.federalreserve.gov/releases/h6/. PUB 407 Productivity Improvement in the Public Sector Class 2 Chapter 2 (part 1) Why do you think there is a perception of a “bumbling bureaucrat”? · Red tape, public eye and expectations, poor hiring? · If mistakes are made the perception is incompetence or fraud? Read FEMA paragraph regarding Hurricane Katrina. Government bureaucrats (or employees) are constant attacks for the media and politicians. · When is the last time a politician took the blame for a failed policy, events, or incident? · It is easier to make officials look bad then explain the complexities of the position. · No matter what side you’re on – the current FBI/President Trump Drama. · To one side he is corrupt president and to the other they are a corrupt agency. Public managers do not set goals, they manage the goals of elected officials. · City managers manage the goals of the city council. · County managers manage the goals of county commissioners. · Appointed positions within state and federal gov’t manage the goals of whoever appointed them. Causes of Failure Accepting the negative image. Despite public perception, most public managers are not incompetent, and are generally as good as the private sector. Perception can become reality for some managers, and their self-image and expectations can be set by external views and create a “psychology of failure”. The self-defeated public manager defines success as the “absence.