New Bank has the following balance sheet (in millions of dollars) and has no off-balance-sheet or securitisation activities.

Assets Liabilities and equity

Cash $60 Deposits $2650

Commonwealth bonds 120 Subordinated debt 120

Residential mortgages 1800 Retained earnings 90

Business loans 1000 Common equity 120

Total assets $2980 Total liabilities and equity. $2980

(a) What is the dollar value of the three regulatory capital amounts held by New Bank (i.e. common equity Tier 1, total Tier 1, total capital)(3 marks)

(b) What is the value of total credit-risk-weighted assets? (Note: risk weights are Cash 0%, Commonwealth bonds 0%, mortgages 50%, Business loans 100%)(3 marks)