Use the following information to answer question $3$:

First Bank has the following balance sheet in millions of dollars with the Basel II risk weights given in parentheses:

Table $1$:

Assets Amount Liabilities Amount

U$.$S$.$ Govt T$-$Bonds $(0\%)$ $$150$ Deposits $$1,420$

Municipal Bonds $(20\%)$ $$250$ Subordinated Debt $($Tier II$)$ $$20$

High Yield Corporate bonds $(50\%)$ $$350$ Preferred Stock $($Tier II$)$ $$25$

Consumer Loans AAA$-$rated $(20\%)$ $$450$

Commercial Loans BBB$-$rated $(100\%)$ $$300$ Equity $($Tier I$)$ $$35$

Total $$1,500$ Total $$1,500$

Based on the information from table $1$ calculate the dollar amount of tier II capital the bank will need to cover Basel II standards.