Using the information below, find the following: Tier 1

On-Balance Sheet Items (Assets)

(in millions)

Cash

$   10,000

Government securities

     30,000

Interbank deposits

       5,000

Home loans to personal finance customers

     20,000

Loans to corporate customers

     75,000

Total Balance Sheet Assets

    $140,000

Off-Balance Sheet Items

Standby letters of credit backing corporate borrowings

$ 10,000

Long term unused loan commitments made to private corporations

    20,000

Total Off-Balance Sheet Items

   $30,000

Bank Capital

Common stock (par value)

$   1,000

Surplus

     1,500

Retained earnings

     1,500

Subordinated debentures

     2,000

Minority interest in subsidiaries

     1,000

Allowance for loan and lease losses (reserves)

     1,000

Non cumulative perpetual preferred stock

     1,000

Intermediate term preferred stock

     4,000

Equity commitment notes

     2,000