Use the following balance sheet accounts to answer the question below. ( All figures are in millions of dollars.)

Question: What is the banks $GAP, Net Interest Income, Net Interest Margin? And How much will net interest income change if interest rates increase by 30 basis points? What changes in portfolio composition would you recommend to management if you are expecting interest rates to decrease? Assume that management is using an aggressive strategy

Assets Liabilities and Equity Floating rate loans Federal funds sold Fixed rate loans Total Assets $300 (11%) 150 (12%) 770 (10%) $1,220 Variable rate deposits $820 (6%) Fixed rate deposits 300 (9%) Equity 100 Total Liabilities and Equity $1,220