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[Table 1] Consider the following balance sheet for MMC Bancorp (in millions of dollars): Assets 1. Cash and due from 2. Short-term consumer loans (1-year maturity) 3. Long-term consum er loans (2-year maturity) 4. Three-month T-bills 5. Six-month T-notes 6. 3-year T-bonds 7. 10-year, fixed-rate mortgages 8. 30-year, floating-rate mortgages (reset every nine months) 9. Premises Total Assets $6.25 62.50 31.30 37.50 43.70 75.00 25.00 50.00 6.25 $337.50 Liabilities and Equity 1. Equity capital (fixed) 2. Demand deposits 3. One-month CDs 4. Three-month CDs 5. Three-month bankers' acceptances 6. Six-month commercial paper 7. 1-year time deposits 8. 2-year time deposits Total Liabilities and Equity $25.00 50.00 37.50 50.00 25.00 75.00 25.00 50.00 $337.50

[Table 1] Consider the following balance sheet for MMC Bancorp (in millions of dollars): Assets 1. Cash and due from 2. Short-term consumer loans (1-year maturity) 3. Long-term consum er loans (2-year maturity) 4. Three-month T-bills 5. Six-month T-notes 6. 3-year T-bonds 7. 10-year, fixed-rate mortgages 8. 30-year, floating-rate mortgages (reset every nine months) 9. Premises Total Assets $6.25 62.50 31.30 37.50 43.70 75.00 25.00 50.00 6.25 $337.50 Liabilities and Equity 1. Equity capital (fixed) 2. Demand deposits 3. One-month CDs 4. Three-month CDs 5. Three-month bankers' acceptances 6. Six-month commercial paper 7. 1-year time deposits 8. 2-year time deposits Total Liabilities and Equity $25.00 50.00 37.50 50.00 25.00 75.00 25.00 50.00 $337.50

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the expected change in the net interest income for the bank if interest rates rise by 1 percent on both RSAS and RSLs. -$625,500 -$188,000 -$688,000 $188,000 -$125,500
Transcribed Image Text:Calculate the expected change in the net interest income for the bank if interest rates rise by 1 percent on both RSAS and RSLs. -$625,500 -$188,000 -$688,000 $188,000 -$125,500
[Table 1] Consider the following balance sheet for MMC Bancorp (in millions of dollars): Assets 1. Cash and due from 2. Short-term consumer loans (1-year maturity) 3. Long-term consum er loans (2-year maturity) 4. Three-month T-bills 5. Six-month T-notes 6. 3-year T-bonds 7. 10-year, fixed-rate mortgages 8. 30-year, floating-rate mortgages (reset every nine months) 9. Premises Total Assets $6.25 62.50 31.30 37.50 43.70 75.00 25.00 50.00 6.25 $337.50 Liabilities and Equity 1. Equity capital (fixed) 2. Demand deposits 3. One-month CDs 4. Three-month CDs 5. Three-month bankers' acceptances 6. Six-month commercial paper 7. 1-year time deposits 8. 2-year time deposits Total Liabilities and Equity $25.00 50.00 37.50 50.00 25.00 75.00 25.00 50.00 $337.50
Transcribed Image Text:[Table 1] Consider the following balance sheet for MMC Bancorp (in millions of dollars): Assets 1. Cash and due from 2. Short-term consumer loans (1-year maturity) 3. Long-term consum er loans (2-year maturity) 4. Three-month T-bills 5. Six-month T-notes 6. 3-year T-bonds 7. 10-year, fixed-rate mortgages 8. 30-year, floating-rate mortgages (reset every nine months) 9. Premises Total Assets $6.25 62.50 31.30 37.50 43.70 75.00 25.00 50.00 6.25 $337.50 Liabilities and Equity 1. Equity capital (fixed) 2. Demand deposits 3. One-month CDs 4. Three-month CDs 5. Three-month bankers' acceptances 6. Six-month commercial paper 7. 1-year time deposits 8. 2-year time deposits Total Liabilities and Equity $25.00 50.00 37.50 50.00 25.00 75.00 25.00 50.00 $337.50
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