Repricing GAP Ratio Assignment | Homework For You
Cash $14,600
Bonds, Totaling $(A)50,800
Composed of:
Fully backed mortgage bonds $14,000
Municipal bonds $9100
US government bonds $27,700
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Buildings and furniture $48,400
Deposit in the Fed $71,200
Loans, Totaling $157,460
Composed of:
Loans to businesses $52,200
Loans for homes $85,680
Non-home loans to consumers $12,750
Loans to other banks $6830
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Total Assets $342,460
Borrowings Totaling $49,850
Composed of:
Federal funds $38,650
Borrowings from the Fed $11,200
Deposits, Totaling $261,210
Composed of:
Checking deposits $234,000
Savings deposits $27,210
Equity $(C) 31,400
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Total Liabilities and Net Worth $???
Bank income information
Interest income, bonds, $2600
Interest income, loans, $17,000
Other income $1100
Bank expense information
Wages and salaries $4000
Interest expense, deposits $9000
Interest expense, discount and federal funds loans $900
Other (non-interest) $4800
Dates of Note
November 21st, 2019: 40% of consumer non-mortgage loans will be repriced.
December 10th, 2019: 50% of discount loans will be repriced.
December 20th, 2020: 20% of total loans will be repriced.
Credit Information
20% of mortgages are more than 60 days past due.
Miscellaneous Bank Information
Banks must keep 10% of demand deposits as reserves.
The bank owes no taxes.
Question: Calculate the one-year repricing GAP ratio for Bank G. (Answer as a %) Get Business Law homework help today
