@13

Consider the accompanying balance sheet for a Canadian chartered bank. If an additional $3,000,000 is deposited into the bank, then the amount of new loans (beyond its existing loans) that this chartered bank could make would be (Enter your response as a whole number.) \begin{tabular}{lrlr} \hline Assets & \multicolumn{1}{l}{($000s)} & Liabilities & ($000s) \\ \hline Reserves & 50,000 & Deposits & 350,000 \\ Desired & 21,000 & Advances from Bank of Canada & 0 \\ Excess & & Borrowings & 55,000 \\ Loans & 360,000 & Capital & 75,000 \\ Securities & 70,000 & & \\ Total Assets & 480,000 & Total Liabilities & 480,000 \\ \hline \end{tabular}