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Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of $11,000 from Bank 1 . Use the T-account below to show the result of this transaction for Bank 1, assuming Bank 1 keeps no excess reserves after the transaction. (Remember T-accounts show the changes to a bank's balance sheet.) Assume all of Bank 1's loans of $11,000 are spent by the borrowers and then deposited into Bank 2. Use the T-account below to show the result of this transaction for Bank 2, assuming Bank 2 keeps no excess reserves and the reserve requirement is 9%. (Remember T-accounts show the changes to a bank's balance sheet.) Assume all of Bank 2's loans of $10,010 are spent by the borrowers and then deposited into Bank 3. Use the T-account below to show the result of this transaction for Bank 3, assuming Bank 3 keeps no excess reserves and the reserve requirement is 9%. (Remember Traccounts show the changes to a bank's balance sheet.)