In addition, we know the following:

• Use the same reserve requirements we've used in all graded assignments.
• Interest income is $800.
• Interest expense is $540.
• Non-interest income is $240.
• Non-interest expense is $300.
• No loans are charged off, but $300 in loans are unperforming.
• In four months, half of all home mortgages will be repriced.
• In the next week, all discount loans will be repriced.
• Assume anything not listed or calculable with the info given equals 0.

a. Calculate this bank's equity

b. Calculate this bank's ROA

c. Calculate this bank's GAP

d. Calculate this banks reserves on hand (actual reserves)

e. Calculate the maximum amount of new loans this bank can make (not including the current amount of loans)

f. Calculate this bank's liquidity ration

g. Calculate this bank's net interest margin

Miller Bank Balance Sheet: Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Deposits $6000 Made up of: Checking deposits $5000 Savings deposits $1000 Other Liabilities $800 Equity $??? Assets: Bonds, Total $1650 Made up of: Government agency bonds $450 Municipal bonds $200 US government (Treasury) bonds $1000 Building $2400 Cash $200 Commercial Paper $600 Deposit in the Federal Reserve $450 Loans, Total $2100 Made up of: Home mortgages $??? Federal funds $300 Loans to households $800 Loans to firms $550 TOTAL LIABILITIES AND EQUITY: $7400 TOTAL ASSETS: $??? Miller Bank Balance Sheet: Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Deposits $6000 Made up of: Checking deposits $5000 Savings deposits $1000 Other Liabilities $800 Equity $??? Assets: Bonds, Total $1650 Made up of: Government agency bonds $450 Municipal bonds $200 US government (Treasury) bonds $1000 Building $2400 Cash $200 Commercial Paper $600 Deposit in the Federal Reserve $450 Loans, Total $2100 Made up of: Home mortgages $??? Federal funds $300 Loans to households $800 Loans to firms $550 TOTAL LIABILITIES AND EQUITY: $7400 TOTAL ASSETS: $