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Assets Liabilities Reserves 250 Deposits Required __ Transaction (checking) deposits 1000 Excess __ Savings deposits 3000 Loans Money Market deposits 500 Variable rate loans 750
Assets | Liabilities | ||
---|---|---|---|
Reserves | 250 | Deposits | |
Required | __ | Transaction (checking) deposits | 1000 |
Excess | __ | Savings deposits | 3000 |
Loans | Money Market deposits | 500 | |
Variable rate loans | 750 | Time deposits (CDs) | |
Short-term loans | 1600 | Fixed rate | 500 |
Long-term fixed rate loans | 2000 | Variable rate | 100 |
Securities | Borrowing | ||
Short-term securities | 500 | Fed funds borrowed | 0 |
Long-term securities | 600 |
Refer to the bank balance sheet above. Calculate the gap between interest-sensitive assets and interest sensitive liabilities. Answer in millions and do not enter a $ sign (Please show step by step)
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