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Miller Bank Balance Sheet: Assets: Bonds, Total $1650 Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Made up of:
Miller Bank Balance Sheet: Assets: Bonds, Total $1650 Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Made up of: Government agency bonds $450 Deposits $6000 Made up of: 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 ASSETS: $??? Checking deposits $5000 Savings deposits $1000 Other Liabilities $800 Equity $??? TOTAL LIABILITIES AND EQUITY: $7400 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 O. This bank's liquidity ratio is percent. Enter your answer "as a percent, but without the percentage sign." If your answer is 99.99 percent, enter only 99.99 in the blank. Carefully follow all numeric instructions.
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