banks balance sheet information is shown below (in $000). On-Balance-Sheet Items Face Value Cash $ 133,600 Short-term government securities (<92 days) 6,600 long-term government securities (>92 days) 426,400 Federal Reserve stock 11,000 Repos secured by federal agencies 171,000 Claims on U.S. depository institutions 949,900 Loans to foreign banks, OECD CRC rated 2 1,760,000 General obligation municipals 182,000 Claims on or guaranteed by federal agencies 27,700 Municipal revenue bonds 124,900 Residential mortgages, category 1, loan-to-value ratio 75% 6,200,000 Commercial loans 5,867,669 Loans to sovereigns, OECD CRC rated 3 12,800 Premises and equipment 467,000 Off-Balance-Sheet Items Conversion Factor (%) Face Value U.S. Government Counterparty L