Consider a bank with $550 in checkable deposits, corporate securities currently valued at $175, $116 in reserves, $240 in real-estate loans, and facing an 8% required reserve ratio. (a) What does the balance sheet for this bank look like? (b) Suppose that a number of the corporations for which this bank holds debt go out of business and are unable to repay. As a result, the value of the corporate securities held by the bank falls by 16%. The bank is considering borrowing from the Fed to help them out of insolvency. Could this work? Explain and show how this option would affect both the balance sheet of the bank and the balance sheet of the Fed.