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Bancorp South Bank has ( $ 24.39 ) billion in deposits. The Federal Reserve changes the reserve requirement from ( 12 % ) to (
Bancorp South Bank has ( $ 24.39 ) billion in deposits. The Federal Reserve changes the reserve requirement from ( 12 % ) to ( 17 % ). If Bancorp South lends out ( 100 % ) of its excess reserves, and borrowers redeposit ( 79 % ) of funds borrowed, what will Bancorp South's deposits be after the change? Note: Answer in billions of dollars, round to the nearest two decimal places.
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