Using data from the ITP balance sheet, what is its current income gap? Given this answer, what will happen to bank income if interest rates fall?

Assets Liabilities Reserves and cash $50 million Checkable deposits (fi xed rate) $25 million Securities Money Market deposit accounts $25 million Less than 1 year $40 million Savings deposits (fi xed rate) $25 million Greater than 1 year $10 million CDs Commercial loans Variable rate $25 million Less than 1 year $10 million Less than 1 year $35 million Greater than 1 year $40 million Greater than 1 year $15 million Residential mortgages Fed funds $10 million Variable rate $25 million Other borrowing Fixed rate $25 million Less than 1 year $30 million Greater than 1 year $35 million All other assets $50 million Bank capital $25 million Total assets $250 million Total liabilities and capital $250 million