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Infinity Bank has the following balance sheet. Assets Amount Liabilities and Equity Amount ($million) ($million) Treasury notes 20 Deposits 150 Credit card loans 30 Floating-rate
Infinity Bank has the following balance sheet. Assets Amount Liabilities and Equity Amount ($million) ($million) Treasury notes 20 Deposits 150 Credit card loans 30 Floating-rate notes 25 Mortgage loans 150 Equity 25 Total 200 Total 200 Infinity Bank expects a net deposit drain of $10 million. Detail the changes on the balance sheet if the bank uses the stored liquidity method to offset this expected drain
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