2) The Flagstaff National Bank has $270,000 in checkable deposits $470.000 in time deposits $90,000 in bank capital and $235,000 in securities . What is the maximum amount that this bank can loan out if they keep $33,000 in excess reserves at a 10 % required reserve ratio? Show your work in a balance sheet . (4 pts)

2a)Now, suppose the Flagstaff National Bank above wishes to make a new loan of $140,000 but does not wish to borrow from the Fed. What other three ways can this bank make the loan? Show the new balance sheet for one of those ways. (4 pts)