The following question has multiple parts that all use the information below.

NewBank started its first day of operations with $6 million in capital. $100 million in checkable deposits is received. The bank issues a $25 million commercial loan and another $25 million in mortgages, with the following terms:

• Mortgages: 100 standard 30-year fixed-rate mortgages with a nominal annual rate of 5.25% each for $250,000.
• Commercial loan: 3-year loan, simple interest paid monthly at 0.75% per month

a) What are total assets of the bank based on the first-day information (ie after they make the loans and received the deposits)? Please answer in millions of dollars

b) Based on the first-day information, how much does the bank have in excess reserves? Please answer in millions of dollars.

c) On the next day, the bank has a $5 million withdrawal. What does it then have in total reserves? Answer in millions of dollars

d) How much does the bank need to borrow in the Fed Funds market to be in compliance? (again, please answer in millions of dollars)

e) Now let's focus on month-end for the bank. How much cash does it receive from its mortgage loans? (Please answer in Thousands of dollars)

f) How much of that amount is interest? (Thousands of dollars)

g) How much cash does the bank get for commercial loans? (thousands of $)

h) How much cash does the bank get for the T-Bills? Please answer in MILLIONS of dollars