1,000,000,000 ( 1 Billion in total assets )

Assume the leverage adjusted gap for a bank is is +.4865 years. If the interest rate shock is -90 basis points (AR/(1+R) = -90 bp or -.009), what is the change in equity? AE = -[DA-DLk] [A] [AR/(1+R)] k = TL/TA = 92.5% O-$4.430 million +$3.925 million +$4.379 million +$2.550 million