26) Which of the following institutions is not subject to Federal Reserve's reserve requirements? A) a state-chartered commercial bank B) a credit union C) a money market mutual fund D) a savings and loan association 27) The bank reserve equation is the A) M1 multiplier B) assets and liabilities of the entire banking system C) tally sheet for sources and uses of reserves D) Federal Reserve's method of determining how many government securities to purchase 28) Which of the following appears as a liability on the Federal Reserves balance sheet? A) special drawing rights B) U.S. Treasury deposits C) U.S. government securities held under repurchase agreements D) loans to commercial banks