Calculate the bank's risk adjusted asset base with the information below.
A bank's balance sheet information is shown below (in $000). On Balance Sheet Items Cash Short-term government securities (92 days) Federal Reserve stock Repos secured by federal agencies Claims on U.S. depository institutions Loans to foreign banks, OECD CRC rated 2 General obligation municipals Claims on or guaranteed by federal agencies Municipal revenue bonds Residential mortgages, category 1, loan-to-value ratio 75% Commercial loans Loans to sovereigns, OECD CRC rated 3 Premises and equipment Face Value $ 125,600 5,800 418,400 10,200 163,000 941,900 1,680,000 174,000 26,900 116,900 5,400,000 5,067,669 12,000 459,000 Conversion Factor (%) Face Value 20 50 $ 300 1,140 50 100 200 100 20 50 100 3,000 50 100 20 200 56,400 400 Off Balance Sheet Items: U.S. Government Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year Standby letters of credit: Performance-related Corporate Customer Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: Sovereign counterparty Loan commitments, OECD CRC rated 1: 1 year Sovereign counterparty 50 100 50 135,400 20 50 3,212,400 3,046, 278 50 100 20 101,543 490,900 78,978 20 50 110,500 1,225,400 ,12 Luans LU suvereigns, UCLU LRL raleu Premises and equipment 459,000 Conversion Factor (%) Face Value 20 50 $ 300 1,140 50 100 200 100 20 50 100 3,000 50 100 20 200 56,400 400 50 100 195.200 50 135,400 Off Balance Sheet Items: U.S. Government Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year Standby letters of credit: Performance-related Corporate Customer Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: Sovereign counterparty Loan commitments, OECD CRC rated 1: 1 year Sovereign counterparty Loan commitments, OECD CRC rated 2: 1 year Sovereign counterparty Loan commitments, OECD CRC rated 7: >1 year Interest rate market contracts (current exposure assumed to be zero): 1-5 year (notional amount) 20 50 3,212,400 3,046, 278 50 100 20 101,543 499,900 78,978 20 50 110,500 1,225,400 20 50 85,000 115,500 50 30,000 2,000 5,000 0.5 What is the bank's risk-adjusted asset base? (Round your answer to the nearest whole dollar amount. (e.g., 32)) Risk-adjusted asset base 92 days) Federal Reserve stock Repos secured by federal agencies Claims on U.S. depository institutions Loans to foreign banks, OECD CRC rated 2 General obligation municipals Claims on or guaranteed by federal agencies Municipal revenue bonds Residential mortgages, category 1, loan-to-value ratio 75% Commercial loans Loans to sovereigns, OECD CRC rated 3 Premises and equipment Face Value $ 125,600 5,800 418,400 10,200 163,000 941,900 1,680,000 174,000 26,900 116,900 5,400,000 5,067,669 12,000 459,000 Conversion Factor (%) Face Value 20 50 $ 300 1,140 50 100 200 100 20 50 100 3,000 50 100 20 200 56,400 400 Off Balance Sheet Items: U.S. Government Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year Standby letters of credit: Performance-related Corporate Customer Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: Sovereign counterparty Loan commitments, OECD CRC rated 1: 1 year Sovereign counterparty 50 100 50 135,400 20 50 3,212,400 3,046, 278 50 100 20 101,543 490,900 78,978 20 50 110,500 1,225,400 ,12 Luans LU suvereigns, UCLU LRL raleu Premises and equipment 459,000 Conversion Factor (%) Face Value 20 50 $ 300 1,140 50 100 200 100 20 50 100 3,000 50 100 20 200 56,400 400 50 100 195.200 50 135,400 Off Balance Sheet Items: U.S. Government Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: State and Local Government Counterparty (revenue municipals) Loan commitments: >1 year Standby letters of credit: Performance-related Corporate Customer Counterparty Loan commitments: 1 year Standby letters of credit: Performance-related Direct-credit substitute Commercial letters of credit: Sovereign counterparty Loan commitments, OECD CRC rated 1: 1 year Sovereign counterparty Loan commitments, OECD CRC rated 2: 1 year Sovereign counterparty Loan commitments, OECD CRC rated 7: >1 year Interest rate market contracts (current exposure assumed to be zero): 1-5 year (notional amount) 20 50 3,212,400 3,046, 278 50 100 20 101,543 499,900 78,978 20 50 110,500 1,225,400 20 50 85,000 115,500 50 30,000 2,000 5,000 0.5 What is the bank's risk-adjusted asset base? (Round your answer to the nearest whole dollar amount. (e.g., 32)) Risk-adjusted asset base
