Bank Three currently has $350 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve requirement at 6 percent of transaction deposits a. If the Federal Reserve decreases the reserver Three and the Federal Reserve System just before and after the full effect of the reserve requirement chang eventually return all of these funds to Bank Three in the form of transaction deposits. (Do not round intermediate calculations. Enter your answers in millions rounded to the nearest dollar amount) e. Assume Bank Three withdraws all excess reserves and gives out loans, and that borrowers Panel A Initial Balance Sheets Federal Reserve Bank Assets Liabilities (Click to select)Y million (Click to select) million Bank Three Assets Liabilities Click to select) Click to select) million (Click to select) million million Panel B: Balance Sheet after All Changes Federal Reserve Bank Assets Liabilities (Click to select) million (Click to select) million Bank Three Assets Liabilities (Click to select) (Click to select) million (Click to select) million milion b. Redo part (a) using a 10 percent reserve requirement (Do not round intermediate calculations. Enter your answers in millions rounded to the nearest dollar amount) Danal A Initial Ralanee Shaote