14. The manager for Tyler Bank and Trust has the fol- lowing assets to manage:

If the manager wants a duration gap of 3.00, what level of saving accounts should the bank raise? Assume that any difference between assets and lia- bilities is held as cash (duration = 0).

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Duration Asset Bonds Value (in years) $75,000,000 9.00 Consumer loans $875,000,000 2.00 Commercial loans $700,000,000 5.00 Duration Liability Value (in years) Demand deposits $300,000,000 1.00 Saving accounts ?? 0.50