Consider the interest income and expense for each bank:

Bank	Assets' Average Interest Income	Liabilities' Average Interest Expense
A	Floating Rate T+1%	Floating Rate T-1%
B	Floating Rate T+2%	Fixed Rate 4%
C	Fixed Rate 5%	Floating Rate T+2%

a) Briefly describe the interest rate risk for each bank.

b) Draw the cash flow diagrams for all banks and the proposed swap that would be acceptable for the banks required to reduce their interest rate risks.

c) Identify the swap buyer mentioned in (b).