bank issues a $$25$ first day of operations with $$6$ million in capital. $$100$ million in checkable deposits is received. The

Mortgages: $$25$ million commercial loan and another $$25$ million in mortgages, with the following terms:

Commercial $100$ standard $30-$year fixed$-$rate mortgages with a nominal annual rate of $5\mathrm{.}25\%$ each for $$250,000$

NewBank decides to invest what do the bank balance sheets look like? Ignore any loan loss reserves. value instrument. How many $$45$ million in $30-$day T$-$bills. The The $T-$bills are currently trading at $$4,986\mathrm{.}70$ for o $$5,000$ face

On the third day of operation they purchase? What does the balance sheet look like? problems? Management decides in the previous question, NewBank will borrow the cash in the federal funds market. a discount basis is $2\mathrm{.}9\%.$ Whrow the needed funds for the remainder of the month $($now $29$ days$).$ The required vield on

The end of the month What does the balance sheet look like after this transaction?

commercial loans, and finally arrives for NewBank, and it receives all the required payments from its mortgages,

NewBank also pays off its federal funds borrowed. How much cash is owed? How is this recorded?

What does the month$-$end balance sheet for NewBank look like? Calculate this before any income tax consif