B4. (10 marks) (a) NewBank started its first day of operations with $155 million in capital. A total of $92 million in checkable deposits is received. The bank makes a $28 million commercial loan and lends another $23 million in mortgage loans. If required reserves are 5.4%, what does the bank balance sheet look like? Specify a number that is appropriate for X, Y and Z. Assets Liabilities Checkable Deposits $ X million 92 million Required Reserves Bank Capital 155 million Excess Reserves $ Y million $Z million Loans (6 marks) (b) The bank you own has the following balance sheet: Assets Liabilities $ 20 million 50 million Rate-Sensitive Rate-Sensitive Assets Liabilities $80 million $50 million Fixed-Rate Fixed-Rate Assets Liabilities Suppose that interest rates rise by 5% from 10% to 15%. How much does the bank's profit decline or increase? (4 marks)