Consider a bank with the following balance sheet. You read online that the banks return on assets (ROA) was 1 percent. What were the banks after-tax profits?

The bank's after-tax profits: $____ millions

\begin{tabular}{|l|c|c|r|} \hline \multicolumn{3}{|c|}{ Bank Balance Sheet } \\ \hline \multicolumn{3}{|c|}{ (in millions) } \\ \hline Assets & & Liabilities and Capital \\ \hline Reserves & $200 & Deposits & $2,000 \\ \hline Loans & $950 & Borrowing & $0 \\ \hline Securities & $950 & Bank Capital & $100 \\ \hline \end{tabular}