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, (5) capital accounts, or (6) none of the above.

a. Loan commitments.

b. Written option contract on interest rates.

c. Letter of credit.

d. Retained earnings.

e. Purchased option contract on interest rates.

f. Loan sales without recourse.

g. Loan sales with recourse.

h. Forward contracts to purchase.
i. Forward contracts to sell.
j. Swaps.
k. Loan participations.
l. Securities borrowed.
m. Securities lent.
n. Loss adjustment expense account (PC insurers).
o. Net policy reserves.