Calculate gap for this bank

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Question - You are given the following data on United Commercial Bank Ltd. Rate sensitive assets that includes $5M of securities with maturities less than a year, $50M of consumer loans with maturities less than a year and $10M of variable rate commercial loans with maturities of more than 5 years. Rate sensitive liabilities includes $40M of commercial Paper, $13M of bank loans both of which have maturities of less than a year and $17m of variable rate short-term deposits. Calculate GAP for this bank and if interest rate rises by 1%, how much of this bank's income will go up or down?

Reference no: EM132946043

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