Nearby Bank has the following balance sheet (in millions): Assets Liabilities and Equity Cash $ 60 Demand
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Nearby Bank has the following balance sheet (in millions):
Assets Liabilities and Equity Cash $ 60 Demand deposits $140 5-year Treasury notes 60 1-year certificates of deposit 160 30-year mortgages 200 Equity 20 Total assets $320 Total liabilities and equity $320 What is the maturity gap for Nearby Bank? Is Nearby Bank more exposed to an increase or a decrease in interest rates? Explain why. LO.1
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9780073530758
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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