The balance sheet of Key Bank (KB) has the following items (all amounts are in SMM). On the Assets side, it reports: 1-year Consumer Loans $140, 30-year Consumer Loans-$125, 6-month T-notes-$265, 3-year T-bonds=$180, and 30-year Floating-rate Mortgages (adjusted every year)=$120. On the Liabilities and Equity side, it reports: Passbook Savings $120, 3-month CDs-$280, 6-month CDs=$140, 1-year Time Deposits-$110, 5-year Time Deposits=$80, and Equity Capital $100. What is KB's cumulative 6-month repricing gap?

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The balance sheet of Key Bank (KB) has the following items (all amounts are in SMM). On the Assets side, it reports: 1-year Consumer
Loans=$140, 30-year Consumer Loans-$125, 6-month T-notes-$265, 3-year T-bonds=$180, and 30-year Floating-rate Mortgages
(adjusted every year)=$120. On the Liabilities and Equity side, it reports: Passbook Savings $120, 3-month CDs=$280, 6-month
CDs=$140, 1-year Time Deposits=$110, 5-year Time Deposits=$80, and Equity Capital $100. What is KB's cumulative 6-month repricing
gap?
A. $135 million
B. $55 million
C. -$275 million
D. -$155 million
Transcribed Image Text:The balance sheet of Key Bank (KB) has the following items (all amounts are in SMM). On the Assets side, it reports: 1-year Consumer Loans=$140, 30-year Consumer Loans-$125, 6-month T-notes-$265, 3-year T-bonds=$180, and 30-year Floating-rate Mortgages (adjusted every year)=$120. On the Liabilities and Equity side, it reports: Passbook Savings $120, 3-month CDs=$280, 6-month CDs=$140, 1-year Time Deposits=$110, 5-year Time Deposits=$80, and Equity Capital $100. What is KB's cumulative 6-month repricing gap? A. $135 million B. $55 million C. -$275 million D. -$155 million
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