Assets (in millions) Liabilities (in millions)   Cash                               $ 800   CDs                         $2,000   Commercial loans             2,000   Savings accounts       1,500   Consumer loans                  600   Long-term debt            1,000   Prime mortgages                 800   Subprime mortgages             500   Total assets                    $4,700        Total liabilities           $4,500 . Assume housing prices increase and defaults on subprime mortgages rise, causing the bank’s assets in subprime mortgages to decrease from $500 to $350.      Total assets are now $[removed] million .

1. Assets (in millions)
Liabilities (in millions)
Cash $ 800
CDs $2,000
Commercial loans 2,000
Savings accounts 1,500
Consumer loans 600
Long-term debt
1,000
Prime mortgages 800
Subprime mortgages
500
Total assets $4,700
Total liabilities $4,500
. Assume housing prices increase and defaults on subprime
mortgages rise, causing the bank’s assets in subprime mortgages
to decrease from $500 to $350.
Total assets are now $[removed] million