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4. You are given the following balance sheet for First Bank; the required reserve ratio is 10% Assets Liabilities Cash in vault $150 (total) Deposits

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4. You are given the following balance sheet for First Bank; the required reserve ratio is 10% Assets Liabilities Cash in vault $150 (total) Deposits $1820 (total) Loans $1400 (total) Components of these deposits: $800 in checkable deposits $1020 in savings deposits Components of these loans $900 loans to businesses $285 non-mortgage loans to Borrowings: Federal funds S50 consumers Other liabilities $80 $140 home mortgages Bank Capital ??? $75 federal funds Deposit in the Fed $220 Bonds, $300 total Components of these bonds: $135 in US government bonds $110 in municipal bonds $55 in "other" bonds Buildings $500 Total Assets = $???? Total liabilities and capital= $???? Calculate the following: a. Total asset, total liabilities and bank capital b. The amount of reserve, required reserve and the maximum of new money this bank can create

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