Use the following information about IGI security dealer.Market yields are in parenthesis, and amounts are in millions.

AssetsLiabilities and Equity

Cash$10Overnight Repos$170

1 month T-bills (7.05%)75Subordinated debt

3 month T-bills (7.25%)757-year fixed rate (8.55%150

2 year T-notes (7.50%)50

8 year T-notes (8.96%)100

5 year munis (floating rate)

(8.20% reset every 6 months)25Equity15

Total Assets$335Total Liabilities & Equity$335

a.What is the funding or repricing gap if the planning period is 30 days?91 days?2 years?Recall that cash is a noninterest-earning asset.

b. What is the impact over the next 30 days on net interest income if all interest rates rise 50 basis points?Decrease 75 basis points?

c.The following one-year runoffs are expected:$10 million for two-year T-notes, and $20 million for eight-year T-notes.What is the one-year repricing gap?

d.If runoffs are considered, what is the effect on net interest income at year-end if interest rates rise 50 basis points?Decrease 75 basis points?