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A banks balance sheet information is shown below (in $000). On Balance Sheet Items Face Value Cash $ 141,600 Short-term government securities ( <92 days)

A bank’s balance sheet information is shown below (in $000).

On Balance Sheet ItemsFace Value
Cash$141,600
Short-term government securities (<92 days)7,400
Long-term government securities (>92 days)434,400
Federal Reserve stock11,800
Repos secured by federal agencies179,000
Claims on U.S. depository institutions957,900
Loans to foreign banks, OECD CRC rated 21,840,000
General obligation municipals190,000
Claims on or guaranteed by federal agencies28,500
Municipal revenue bonds132,900
Residential mortgages, category 1, loan-to-value ratio 75%7,000,000
Commercial loans6,667,669
Loans to sovereigns, OECD CRC rated 313,600
Premises and equipment475,000
Off Balance Sheet Items:Conversion Factor (%)Face Value
U.S. Government Counterparty
Loan commitments:
<1 year20$300
1–5 year501,140
Standby letters of credit:
Performance-related50200
Direct-credit substitute100100
U.S. Depository Institutions Counterparty
Loan commitments:
<1 year20100
>1 year503,000
Standby letters of credit:
Performance-related50200
Direct-credit substitute10056,400
Commercial letters of credit:20400
State and Local Government Counterparty (revenue municipals)
Loan commitments:
>1 year50100
Standby letters of credit:
Performance-related50135,400
Corporate Customer Counterparty
Loan commitments:
<1 year203,212,400
>1 year503,046,278
Standby letters of credit:
Performance-related50101,543
Direct-credit substitute100490,900
Commercial letters of credit:2078,978
Sovereign Counterparty
Loan commitments, OECD CRC rated 1:
<1 year20110,500
>1 year501,225,400
Sovereign Counterparty
Loan commitments, OECD CRC rated 2:
<1 year2085,000
>1 year50115,500
Sovereign Counterparty
Loan commitments, OECD CRC rated 7:
>1 year5030,000
Interest rate market contracts (current exposure assumed to be zero):
<1 year (notional amount)02,000
>1–5 year (notional amount)0.55,000


What is the bank’s risk-adjusted asset base? 

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