If interest rates increase 75 basis points 1 basis point = 001 for an Fl that has a repricing gap of-$15 milion the expected change in net interetincome is

To calculate the expected change in net interest income, we need to use the repricing gap and the change in interest rates.

The formula to calculate the expected change in net interest income is:

Expected Change in Net Interest Income = Repricing Gap * Change in Interest Rates

Given:

Repricing Gap = -$15 million (negative indicates a liability-sensitive position) Change in Interest Rates = 75 basis points = 75 * 0.01% = 0.75%

Expected Change in Net Interest Income = -$15 million * 0.75% = -$112,500

Therefore, the expected change in net interest income is -$112,500