FED The RR requirement is 10%, Banks are holding no Vault Cash Liabilities + Capital Account Bank X Bank Y Assets Assets Reserve Account Liabilities + Capital Account Liabilities + Capital Account Assets Security Portfolio 450,000 Reserves Bank X 35,000 35,000 DD 300,000 Reserves 20,000 DD 200,000 20,000 Bank Y Securities 100,000 Other Banks 195,000 SD 50,000 Securities 55,000 SD 75,000 Loans 300,000 TD 50,000 Loans 400,000 TD 100,000 other 500,000 Capital 700,000 Capital 35,000 Capital 100,000 950,000 950,000 435,000 475,000 435,000 475,000 Let Jack write a check to Tom for $20,000. Jack banks with Bank X, Tom banks with Bank Y. How will the balance sheets of Banks X, Y and the Fed change after the check clears