Use the following information about a hypothetical government security dealer named J.P. Groman. (Market yields are in parentheses; amounts are in millions.)

Assets			Liabilities and Equity
Cash	$	30	Overnight repos	$	241
1-month T-bills (7.25%)		115	Subordinated debt
3-month T-bills (7.45%)		115	7-year fixed (8.75%)		170
2-year T-notes (7.70%)		70
8-year T-notes (9.16%)		120
5-year munis (floating rate) (8.40% reset every six month)		30	Equity		69
Total	$	480	Total	$	480

a.	What is the repricing or funding gap if the planning period is 30 days? 91 days? 2 years? (Recall that cash is a noninterest-earning asset.) (Enter your answers in millions. Negative amounts should be indicated by a minus sign.)

	Repricing Gap
30 days	$ million
91 days	million
2 years	million

b.	What is the impact over the next 30 days on net interest income if all interest rates rise by 70 basis points? (Input the amount as a positive value.)

Net interest income will (Click to select)decreaseincrease by $ .

c.	The following one-year runoffs are expected: $19 million for two-year T-notes, $29 million for the eight-year T-notes. What is the one-year repricing gap? (Enter your answer in millions.)

One-year repricing gap

$ million

d.	If runoffs are considered, what is the effect on net interest income at year-end if interest rates rise by 70 basis points? (Input the amount as a positive value.)

Net interest income will (Click to select)decreaseincrease by $ .