Attempts Keep the Highest / 1 6. Required and excess reserves Suppose that Southeast Mutual Bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. Assume the Federal Reserve has the reserve requirement set at 10%. Based on this information, complete the following table detailing Southeast Mutual Bank's reserves, required reserves, and excess reserves. Southeast Mutual Reserves Required Reserves Excess Reserves (Dollars) ( Dollars) ( Dollars)