Use the following information to answer question $3$:

First Bank has the following balance sheet in millions of dollars with the Basel II risk weights given in parentheses: Question $4$: Based on the information from table $1$ calculate the dollar amount of tier II capital the bank will need to cover Basel II standards.

Table $1$:

Assets Amount Liabilities Amount

U$.$S$.$ Govt T$-$Bonds $(0\%)$ $$150$ Deposits $$1,420$

Municipal Bonds $(20\%)$ $$250$ Subordinated Debt $($Tier II$)$ $$20$

High Yield Corporate bonds $(50\%)$ $$350$ Preferred Stock $($Tier II$)$ $$25$

Consumer Loans AAA$-$rated $(20\%)$ $$450$

Commercial Loans BBB$-$rated $(100\%)$ $$300$ Equity $($Tier I$)$ $$35$

Total $$1,500$ Total $$1,500$ Question $6$: Based on the information from table $1$ answer the following:

The bank wishes to keep its Tier $1$ capital ratio at $6\%$ of risk adjusted assets. It will sell a portion of its High$-$Yield Corporate Bonds and invest the proceeds in U$.$S$.$ government bonds. In terms of dollars, how much of the Corporate Bonds should the bank sell and then reinvest in U$.$S$.$ government bonds? Show your answer to the nearest whole dollar in the xx format, $$86$ enter as $86$