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Question
Total loans of The bank in first quarter : 100 billions . Second quarter : 110 billions . Third quarter : 111 billions . Fourth quarter : 150 billions . And in annual report , total loans : 130 billions . I am confused , are total loans of the Bank 130 billions or sum of all quarters ?

Answer
The way you describe it, it sounds like the the total loans at the end of the year was $130 billion.  Remember that the total amount of loans isn't static, it increases as they lend more, and decrease as loans are repaid.  Each financial report is simply a snapshot, a single point in time, so it would be very unusual if the sum of the quarterly reports was equal to the annual report.

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Michael Taillard

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Accepts most economic questions

Experience

Economic Consulting: American Red Cross; US Strategic Command -- Economics Lecturing: Bellevue University (Bellevue, NE) Huijia College (Beijing), OPII Schools (Omaha), Madonna University (Livonia), Schoolcraft College (Livonia), ZomBCon (Seattle), Zombiefest (Lincoln) -- Media Appearances: Dead Man Working (2012 Movie documentary), The Heartland News (Omaha local news outlet)

Organizations
American Economics Association, Business Networks International, Midwest Writer's Guild, Zombie Research Society

Publications
Economics and Modern Warfare: The Invisible Fist of the Market (Palgrave Macmillan) -- 101 Things Everyone Should Know about Global Economics (Adams Media) -- Corporate Finance for Dummies (Wiley) -- Psychology and Modern Warfare (Palgrave Macmillan) -- Analytics and Modern Warfare (Palgrave Macmillan)

Education/Credentials
PhD (Financial Economics; honors) -- MBA (International Business Finance; honors) -- Grad School Certificate (International Business Management; honors) -- BS (International Business Economics; honors) -- AA (Business Administration; honors) -- Certificate (Chinese Language and Culture) -- Trade School (Transportation Logistics; honors)

Awards and Honors
Philanthropy awards and nominations for the OPII Schools economic experiment

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