The following is an excerpt from the Federal Reserve web site, released September 21, 2016: ". . . the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives." Explain what would be the immediate effect on a bank income if its income gap analysis yields a GAP = -$500 million. What would happen to bank income if the increase in the federal funds rate finally materializes?