John is using the data from the balance sheet of a bank to determine its duration gap using the simple approach discussed in class. He collected the information below that covers all assets and liabilities in the banks balance sheet.

Assets

Value ($Millions); Duration (Years)

Loans 170; 4.0

Securities 60; 3.2

Other Assets 20; 0.3

Liabilities

Value ($Millions); Duration (Years)

Deposits 190; 1.0

Other Borrowings 30; 2.0 Using this information and simple approach to measure the duration of assets and liabilities, estimate the duration of assets, liabilities, and the duration gap for the bank.