Assume you take $2,281 from your checking account and transfer it to your savings account. How much will M1 change by?

Consider the following information for a simple economy. Assume there are no traveler's checks. Currency is equal to $716, checking account balances are equal to $1,141, savings account balances are equal to $1,629, small-denomination time deposits are equal to $3,000, and money market fund shares are equal to $549. What does M1 in this simple economy equal to?

Assume the required reserve ratio is 16%, the amount of deposits in a bank are $1,807, and the bank is holding $653 in reserves. How many of those reserves are excess reserves?