Miller Bank Balance Sheet: Assets: Bonds, Total $1650 Made up of: Liabilities and Equity: Borrowings from other banks $100 Borrowings from the Fed $200 Government agency bonds $450 Deposits $6000 Made up of: Municipal bonds $200 Checking deposits $5000 US government (Treasury) Savings deposits $1000 bonds $1000 Other Liabilities $800 Building $2400 Equity $??? 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: $??? 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 0. Calculate the maximum amount of new loans this bank can make (not including the current amount of loans), carefully following all numeric instructions.