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Compute the Tier 1 Leverage ratio for this bank. Express your answer as a percentage and round it to one decimal. Do not include any

Compute the Tier 1 Leverage ratio for this bank. Express your answer as a percentage and round it to one decimal. Do not include any symbols in the answer (i.e. 0.0642, which is 6.42% is entered as 6.4).

Assets		Liabilities
Cash	5	Deposits
US Treasury securities	6	Subordinated Debt	2
Fannie Mae MBS	18
Residential mortgages	18	Retained earnings	5
Small business loans	47	Common stock	2

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