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Oldhat Financial started its first day of operations with $9 million in capital. A total of $135 million in chequable deposits is received. The bank

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Oldhat Financial started its first day of operations with $9 million in capital. A total of $135 million in chequable deposits is received. The bank makes a $20 million commercial loan and another $50 million in mortgages with the following terms: 200 standard 30-year, foved-rate mortgages with a nominal annual rate of 5.25%, each for $250.000. Assume the desired reserves are 8%. The bank's balance sheet is shown below. Assets Llabilities Desired reserves $11 million Chequable deposits $135 million Excess reserves $63 milion Bank capital So milion Loans $70 million Early the next day the bank invests $30 million of its excess reserves in commercial loans. Later that day, terrible news hits the mortgage markets, and morgage rates jump to 13% implying a present value of Olthat's current mortgage holdings of $124,700 per mortgage Bank regulators force Oldhat to sell mortgages to recognize the four market wu What does Oldhat's balance sheet look like? Fill in the blanks in the actual balance sheet as it would look after the sale: (Round your responses to the nearest whole number. Use a minus sign to enter negative numbers Assets Liabilities Desired reserves $ milion Chequable deposits Excess reserves milion Bank capital $ million Loans million How do these events affect its capital position? The bank is now

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