Using the formulas presented in class, answer the following 3 calculation questions. Show your work, as appropriate, for partial credit. Answer all parts of the questions.

1. (16 points) Complete the questions below based on the following scenario: Framingland Bank starts its first day of operations with $11 million in capital. A total of $160 million in checkable deposits is received. The bank makes a $30 million commercial loan and another $60 million in mortgages with the following terms: 200 standard, 30-year, fixed-rate mortgages with a nominal annual rate of 5.25%, each for $300,000. Assume that the reserve requirement is 9%.
   1. Illustrate the balance sheet for Framingland Bank.
   2. How well capitalized is this bank? Explain why and show your calculations to support your answer.
   3. Calculate the risk-weighted assets and risk-weighted capital ratio after Framinglands first day.