Explain the table below:

Control of the Monetary Base 1: The Fed's open-market operations. The Fed buys $100 of securities from the public The Banking System Assets Liabilities Securities -$100 Reserves +$100 The Federal Reserve System Assets Liabilities Securities +$100 Reserves +$100Control of the Monetary Base 2: The public's money-asset mix. AMB = AC + AR =0 The public increases currency holdings by $100 The Nonbank Public Assets Liabilities Checkable deposits -$100 Currency +$100 The Banking System Assets Liabilities Reserves -$100 Checkable deposits -$100 The Federal Reserve System Assets Liabilities Currency in circulation +$100 Reserves -$100Control of the Monetary Base The Banking System Liabilities Discount loans Assets Reserves +$100 +$ 100 The Federal Reserve System Assets Liabilities Discount loans +$100 Reserves +$100