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4. Use T-accounts to show the effect of the following on the balance sheets of the Fed and the banking system The Fed increases discount

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4. Use T-accounts to show the effect of the following on the balance sheets of the Fed and the banking system The Fed increases discount loans by $19 billion. (Enter your responses as integers. Include a minus sign to indicate a negative change, but do not include a plus sign for a positive change.) Banking system Assets Liabilities Reserves billionBorrowings (Discount Loans) billion Federal Reserve Assets Liabilities Discount Loans billion Reserves billion The Fed carries out a $17 billion open market sale. (Enter your responses as integers. Include a minus sign to indicate a negative change, but do not include a plus sign for a positive change.) Banking system Assets Liabilities Securities billion Reserves billion Federal Reserve Assets Liabilities Securities billion Reserves billion

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