Loans, securities, borrowing from other banks, and borrowings from the Fed are rate-sensitive. The other items are fixed-rate.

Based on the balance sheet above, if interest rate increases by 3.3%, how much would the profit of Santander change (in millions of $)? Round your answer to at least 2 decimal places.

Enter an increase as a positive number and a decrease as a negative number. (E.g. a decrease of $12,345,678 in profit should be entered as -12.35)

\begin{tabular}{lr|lr} Assets & & Liabilities & \\ \hline Reserves & $10 million & Deposits & $500 million \\ Loans & $400 million & Borrowings from & \\ Securities & $200 million & other banks & $20 million \\ & & BorrowingsfromtheFed50 million \\ & & Bank capital & $40 million \end{tabular}