1.Classify the following items as (1) on-balance-sheet assets, (2) on-balance-sheet liabilities, (3) off-balance-sheet assets, (4) off-balance-sheet liabilities or (5) capital accounts:

Loan commitments Loan loss reserves Letters of credit Bankers’ acceptance (BA)
Rediscounted bankers’ acceptance Loan sales without recourse Loan sales with recourse Forward contracts to purchase Forward contracts to sell Swaps Loan participations Securities borrowed Securities lent Loss adjustment expense account (general insurers)
Net policy reserves LO 16.1