Federal Funds Sold 216,000 2,880,000 840,000 216,000 Loans Securities Other Assets Total Assets $4,764,000 Demand Deposits Time Deposits FF Purchased Loans, Discounts and Advances Other Liabilities Capital Account $ 1,800,000 2,097,600 216,000 7,200 208,800 434.400 2,097,600 216,000 7,200 208,800 434.400 Total Liabilities +NW $4,764,000 problem, assume that reserve requirements that must be maintained in cash or at the Federal Reserve are 10% on demand deposits and 0% on time deposits. Please fill in the aggregate balance sheet for member banks for the fiscal policy problenm. a. Fill in column 2 with this part. (Assume column 1 is the starting position.) Because of the nature of the economy and the large federal deficit, the U.S. Government finances a $25,000 deficit by selling $15,000 of new bonds to banks and $10,000 of new bonds to non-banks. How would your answer possibly change in a Global economy? Banks Assets ADDS ASee S US Treasury securities Private Sector Banks Demand Deposits Bank RR -10 C -42,000S