Silverthorne State Bank's balance sheet lists the following assets and liabilities & capital including their corresponding balances:

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Assets: required reserves $50; commercial loans-floating rate $200; commercial loans-fixed rate $300; consumer loans $150; mortgages-floating rate $400; mortgages-fixed rate $225; and corporate bonds-AAA rated $75.

Liabilities & capital: demand deposits $145; NOW accounts $150; MMDAs $250; CDs (short-term) $500; federal funds purchased $25; and capital $330.

Silverthorne wants to assess its interest rate risk. What is the bank's gap?

-$775
-$325
-$1,400
-$425

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Posted Date: Feb 24, 2022 01:45 AM

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Silverthorne State Bank's balance sheet lists the following assets and liabilities & capital including their corresponding balances:

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