1.5 Use T-accounts to show the initial effects of each of the following actions on the balance sheets of the Fed and the banking system:

a. The Fed increases discount loans by $2 billion.

b. TheFedcarriesouta$2billionopenmarketsale.

c. TheFedspends$100milliononanewinforma- tion technology system for the Federal Reserve Bank of Atlanta from DeShawns Computer Services.