a) Show the new balance sheet levels for the 6 blank categories after the Fed sells $10 in securities to the commercial banking system after reserves adjust to their required level, so excess reserves =0. Assume required reserve ratio is 10%, (i.e., .10), banks hold no excess reserves; and currency in circulation commercial bank securities, and bank capital do not change. Balance Sheet of Commercial Banking Sector: Balance Sheet of the Fed): Assets Liab. \& Owner's Equity Assets Liabilities and Owner's Equity Reserves Checkable Dep. Securitics Currency in Circulation_210 Bank Loans Discount Loans 40 Discount Loans_50 Reserves Securities Bank Capital_60- b) Did the money supply (M1) change? If so, by how much