Base financial data:

As of 1 Jan 2023, Pacfific Bank has the following balance sheet and no off-balance sheet transactions or securitisation activities.

Assets ($ millions)		Liabilities and equity ($ millions)
Cash	$44	Deposits	$920
Australian Treasury Bonds	$50	Subordinated debt	$30
Loans to Australian corporates rated BBB+	$660	Common equity	$68
Fixed assets	$276	Retained earnings	$12
Total assets	$1030	Total liabilities and equity	$1030

Transactions during 2023

(a) February : Insured mortgages of LVR 90% amounting to $50mn were given out, funded from interbank loans on the wholesale market.

(b) March : Bank sold down some real estate and its fixed assets went down to $156mn. The proceeds from sale of $120mn was invested in Australian Treasury bonds.

(c) April : Bank gave out loan commitment with certain drawdown of $20mn to a resource company with credit rating BB+ for a mining exploration project.

(d) May : The Treasury desk of Pacific Bank entered into a forward foreign exchange contract with notional exposure of $100mn with current exposure of $3mn, maturity of 1 year. The counterparty was BHP mining which has credit rating of A.

What is the total risk-weighted assets of this bank on 1 January 2023?

	A	$660 millions
	B	$1008 millions
	C	$606 millions
	D	$936 millions