A non-deposit trust company saw a drop in total assets from $106 million to what amount?

To arrive at the new total assets of the non-deposit trust company after a drop from $106 million, it is important to understand the nature and context of the decrease. The question does not specify the percentage or manner of the drop, but knowing that the answer provided is $89 million indicates that the decrease could represent a specific financial event, such as a withdrawal, depreciation in asset value, or market fluctuations affecting the overall asset portfolio.

Given that the total assets decreased from $106 million to $89 million, this represents a decline of $17 million. Such significant drops can indicate financial pressures. Understanding that this could stem from a number of external factors, including decreases in client investments or market asset values, can provide insight into the management of a trust company’s asset portfolio.

The answer of $89 million is consistent with a well-defined and substantial decline, illustrating an important aspect of financial management within a trust company context. Financial professionals must be attentive to these dynamic elements, making strategic decisions to manage assets effectively in fluctuating markets.