In anticipation of the Federal Reserve meeting next week to decide whether to raise interest rates, it’s time to take a look at Bank of America’s (NYSE:$BAC) latest interest rate sensitivity analysis.

BoA is the nation’s second-biggest bank by assets. Recently, it published a 10-Q with the Securities and Exchange Commission.

The report emphasizes three rising rate scenarios. The first assumes that only short-term rates rise 100 basis points, or 1 full percentage point. The second assumes long-term rates rise 100 basis points. And the last assumes both short-term and long-term rates both increase by 100 basis points.

The numbers are as follows:

Short-term rates rise 100 bps: $2.2 billion

Long-term rates rise 100 bps: $1.0 billion

Short and long-term rates rise 100 bps: $3.2 billion

Evidently, the ideal scenario for BoA is if both ends of the yield curve head higher. However, there’s little chance of interest rates increasing by a whole 100 basis points. The more realistic outcome is that the Federal Reserve will decide on increments of 25 basis points.

There is still the chance that the Federal Reserve may not increase rates at all. But, regardless of what happens for BoA, larger is better than smaller.

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