Use the Following Information for Questions -How Much Tier 1 Capital Does the Bank Have?
A)

Use the following information for questions
$\begin{array}{l|r|l|lr}\text { Bank Assets }&&\text { Bank Liabilities }\\\hline\text { Cash and Treasury Securities } & \$ 2,500 & \text { Deposits } & \$ & 13,800 \\\hline \text { Repurchase Agreements } & \$ 1,000 & \text { Subordinated Debt } & \$ & 250\\\hline \text { Municipal Bonds } & \$ 1,500 & \text { Cumulative Preferred Stock } & \$ & 200 \\\hline \text { Single Family Home Mortgages } & \$ 2,700 & \text { Common Stock } & \$ & 100 \\\hline \text { Commercial Loans } & \$ 4,000 & \text { Common Stock Surplus } & \$ & 300\\\hline\text { Agricultural Loans } & \$ 1,500 & \text { Retained Earnings } & \$ & 350 \\\hline \text { Allowance for Loan Loss } & \$(350) & & &\\\hline \text { Bank Buildings } & \$ 2,000 \\\hline \text { Goodwill } & \$ 150 \\\hline \text { Total } & \$ 15,000&&\$15,000\\\end{array}$
-How much Tier 1 capital does the bank have?

A) $100
B) $400
C) $450
D) $750
E) $950