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Bancorp South Bank has $15,61 bilion in deposits. The Federal Reserve changes the reserve requirement from 9% to 13%. If Bancorp South lends out 100%
Bancorp South Bank has $15,61 bilion in deposits. The Federal Reserve changes the reserve requirement from 9% to 13%. If Bancorp South lends out 100% of its excess resorves, and borrowers redepost 65% of funds borrowod, what will Banoorp South's doposits be after the change? Note: Answer in bilitons of dollars, round to the nearest two decimal places
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