The balance sheet of XYZ Bank appears below. All figures in millions of US Dollars.
-Total one-year rate-sensitive assets is
A)$540 million.
B)$580 million.
C)$555 million.
D)$415 million.
E)$720 million.

Question

The balance sheet of XYZ Bank appears below. All figures in millions of US Dollars. 
-Total one-year rate-sensitive assets is
A)$540 million. 
B)$580 million. 
C)$555 million. 
D)$415 million. 
E)$720 million.

Quizplus · Accepted Answer

One-year rate-sensitive assets include cash, deposits in other banks, federal funds sold, securities purchased under agreements to resell, loans, and other earning assets that mature or can be repriced within one year. In the given balance sheet, these assets add up to $555 million (Cash and due from banks $30M + Interest-earning deposits in other banks $75M + Federal funds sold $45M + Securities purchased under agreements to resell $220M + Net loans $130M + Other earning assets $55M = $555M). Therefore, the correct answer is C.

The Balance Sheet of XYZ Bank Appears Below