You are given the following information with respect to the asset categories of the British Bank.

• Cash with the bank 1 = 100,000
• Cash with the bank 2 = 150,000
• Cash with the bank 3 = 95,000
• Mortgages = 1,700,000
• Medium term corporate loans = 3,500,000
• Long term corporate loans = 1,980,000
• Standby letters of credit = 2,650,000

You need to calculate the minimum capital required for British bank based on Basle I rules.