Cashville Bank's assets consist of $$2400\mathrm{.}00$ in reserves and $$13600\mathrm{.}00$ in bonds. In terms of libabilities, they have $$4700\mathrm{.}00$ in checkable deposits with their customers. This gives them a net worth of $$11300\mathrm{.}00.$

The Federal Reserve conducts Open Market Operations by selling $$3000\mathrm{.}00$ worth of bonds to Cashville Bank.

Do Cashville Bank's reserves increase or decrease?

Increase

Decrease

No change

Calculate the change in Cashville Bank's net worth as a result of this policy: