Delta Bank has the following assets: consumer loans ($100; 2.4), commercial loans ($300; 4.2), mortgages ($400; 9.6), and Treasury bonds ($200; 7.3). It also has the following liabilities: demand deposits ($50; 0.2), NOW accounts ($150; 0.6), MMDAs ($250; 0.7), and CDs ($450; 0.9). All dollar amounts in parentheses are in thousands; the second number is the average duration in years for that particular item. Find the DURAS and DURLIAB for Delta.

DURAS = 6.80 and DURLIAB = 0.83

DURAS = 6.80 and DURLIAB = 0.76

DURAS = 5.94 and DURLIAB = 0.76

DURAS = 5.94 and DURLIAB = 0.83

27Assume for this question that Delta Bank (see previous question) has determined its DURAS to be 8.5 and its DURLIAB to be 0.8. Now determine the DURGAP for Delta.

DURGAP = 7.78

DURGAP = 7.56

DURGAP = 7.26

DURGAP = 6.95