Economics Homework Help

Cash $14,600

Bonds, Totaling $(A)50,800

           Composed of:

           Fully backed mortgage bonds $14,000

           Municipal bonds $9100

           US government bonds $27,700

Buildings and furniture $48,400

Deposit in the Fed $71,200

Loans, Totaling $157,460

           Composed of:

           Loans to businesses $52,200

           Loans for homes $85,680

           Non-home loans to consumers $12,750

           Loans to other banks $6830

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Total Assets    $342,460

Borrowings Totaling $49,850

           Composed of:

           Federal funds $38,650

           Borrowings from the Fed $11,200

Deposits, Totaling $261,210

           Composed of:

           Checking deposits $234,000

           Savings deposits $27,210

Equity $(C) 31,400

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Total Liabilities and Net Worth $???

Bank income information

Interest income, bonds, $2600

Interest income, loans, $17,000

Other income $1100

Bank expense information

Wages and salaries $4000

Interest expense, deposits $9000

Interest expense, discount and federal funds loans $900

Other (non-interest) $4800

Dates of Note

November 21st, 2019: 40% of consumer non-mortgage loans will be repriced.

December 10th, 2019: 50% of discount loans will be repriced.

December 20th, 2020: 20% of total loans will be repriced.

Credit Information

20% of mortgages are more than 60 days past due.

Miscellaneous Bank Information

Banks must keep 10% of demand deposits as reserves.

The bank owes no taxes.

Question: Calculate the one-year repricing GAP ratio for Bank G. (Answer as a %)