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4) The FOMC sells $20 million of securities to Wells Fargo. Enter the transactions that take place to show the changes in the following balance

4) The FOMC sells $20 million of securities to Wells Fargo. Enter the transactions that take place to show the changes in the following balance sheets.

Federal Reserve Bank of New York

Assets (millions) Liabilities (millions)

Wells Fargo

Assets (millions) Liabilities (millions

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