Question 22 Refer to the balance sheet below: How much Tier 1 capital does the bank have? Bank Assets Cash and Treasury Securities $ 2,500 Repurchase Agreements $ 1.000 Municipal Bonds $ 1,500 Single Family Home Mortgages $ 2,700 Commercial Loans $ 4,000 Agricultural Loans $ 1,500 Allowance for Loan Loss $ (350) Bank Buildings $ 2,000 Goodwill $ 150 Total $15,000 capital Bank Liabilities Deposits $ 13,800 Subordinated Debt $ 250 Cumulative Preferred Stock $ 200 Common Stock $ 100 Common Stock Surplus $ 300 Retained Earnings $ 350 4000 $ 15,000