... £505 ,44 8.35 (1,599, 744 . 04/ DM3.1650) in London, and 3. Resell the pounds in New York for $1,001, 242 . 64 (£505 ,44 8.35 × $1.9809). SL2910_frame_CT.fm Page 278 Thursday, May 17, 2001 9: 14 AM 289 APPENDIX ... 9: 14 AM280 TYPES OF OVERSEAS BANKING SERVICESEXHIBIT 111Organizational Structure for a U.S. Bank’s International OperationsEXHIBIT 112Advantages and Disadvantages of Types of Overseas Banking ... yield a profit of $1, 242 . 64 ($1,001, 242 . 64 − $1,000,000). Ineffect, the trader would, by arbitraging through the DM, be able to acquire sterling at $1.97 84 in London ($0.6251 × 3.1650) and sell it...