Question
A banks balance sheet information is shown below (in $000). On-Balance-Sheet Items Face Value Cash $ 128,600 Short-term government securities ( <92 days) 6,100 long-term
A banks balance sheet information is shown below (in $000).
On-Balance-Sheet Items Face Value Cash $ 128,600 Short-term government securities (<92 days) 6,100 long-term government securities (>92 days) 421,400 Federal Reserve stock 10,500 Repos secured by federal agencies 166,000 Claims on U.S. depository institutions 944,900 Loans to foreign banks, OECD CRC rated 2 1,710,000 General obligation municipals 177,000 Claims on or guaranteed by federal agencies 27,200 Municipal revenue bonds 119,900 Residential mortgages, category 1, loan-to-value ratio 75% 5,700,000 Commercial loans 5,367,669 Loans to sovereigns, OECD CRC rated 3 12,300 Premises and equipment 462,000
Off-Balance-Sheet Items Conversion Factor (%) Face Value U.S. Government Counterparty Loan commitments: <1 year 20 $ 300 15 50 1,140 standby letters of credit: performance-related 200 direct-credit substitute 100 u.s. depository institutions counterparty loan commitments: <1>1 year 50 3,000 Standby letters of credit: Performance-related 50 200 Direct-credit substitute 100 56,400 Commercial letters of credit 20 400 State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year 50 100 Standby letters of credit: Performance-related 50 135,400 Corporate Customer Counterparty Loan commitments: <1 year 20 3,212,400>1 year 50 3,046,278 Standby letters of credit: Performance-related 50 101,543 Direct-credit substitute 100 490,900 Commercial letters of credit 20 78,978 Sovereign Counterparty Loan commitments, OECD CRC rated 1: <1 year 20 110,500>1 year 50 1,225,400 Sovereign Counterparty Loan commitments, OECD CRC rated 2: <1 year 20 85,000>1 year 50 115,500 Sovereign Counterparty Loan commitments, OECD CRC rated 7: >1 year 50 30,000 Interest rate market contracts (current exposure assumed to be zero): <1 year (notional amount) 0 2,000>15 year (notional amount) 0.5 5,000 What is the banks risk-weighted asset base? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount. (e.g., 32))
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