Assets Duration Liabilities Duration Reserves 5,000,000 0.00 Checkable Deposits 15,000,000 2.00 Securities Money Market 5,000,000 0.10 Deposits < 1 Year 5,000,000 0.40 Savings Accounts 15,000,000 1.00 1 to 2 Years > 2 years 5,000,000 1.60 10,000,000 7.00 CDs Variables-rate Residential Mortgages Variables-rate Fixed-rate < 1 Year 10,000,000 0.50 15,000,000 0.20 10,000,000 0.50 10,000,000 6.00 Commercial Loans 2 years Buildings, etc. 15,000,000 0.70 10,000,000 1.40 25,000,000 4.00 5,000,000 0.00 1 to 2 Years > 2 years Interbank Loans Borrowings 5,000,000 1.20 5,000,000 2.70 5,000,000 0.00 < 1 Year 1 to 2 Years > 2 years Bank Capital 10,000,000 0.30 5,000,000 1.30 5,000,000 3.10 5,000,000 Total $100,000,000 Calculate the duration gap for the bank. Total $100,000,000 10 marks