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3SW Bank currently has $900 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve requirement at 8 percent

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3SW Bank currently has $900 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve requirement at 8 percent of transaction deposits. If the Federal Reserve decreases the reserve requirement to 5 percent, show the balance sheet of BSW and the Federal Reserve System just before and after the full effect of the reserve requirement change. Assume BSW withdraws all excess reserves and gives out loans and that borrowers eventually return all of these funds to BSW in the form of ransaction deposits. . Redo part (a) using a 10 percent reserve requirement. Answer is not complete. Complete this question by entering your answers in the tabs below. Redo part (a) using a 10 percent reserve requirement. (Do not round intermediate calculations. Enter your answers in millions rounded to the nearest dollar amount.)

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