1. Balance Sheet of the Federal Reserve Assets Liabilities (billions of dollars) (billions of dollars) Gold and foreign $ 47 Federal Reserve notes $609 exchange US. government $569 Banks' deposits $15 securities Loans to banks $30 Total assets $646 Total $646 The Federal Reserve System's balance sheet is presented in the above table. Suppose that the Fed buys $10 billion of government securities from a large bank and pays for the securities by increasing the bank's deposits at the Fed. (10 points) a). Show the effect of this purchase on the Fed's balance sheet by providing new gure for the items of \"US. government securities\" under \"Assets\