Find the current set of reserve requirements that banks must meet here See the balance sheet of Goliath National Bank below:

Amounts on the balance sheet are in millions of dollars (you should not round to two decimals).

Assets		Liabilities + Capital
Reserves	$16.1	Transaction Deposits	$210
Loans	$168	Equity Capital	$20
Securities	$45.9
Total	$230	Total	$230

A. Calculate GNBs excess reserves.

B. Suppose that GNB sells $5 million in securities to get new cash. Show the banks balance sheet after this transaction. What are the banks excess reserves?

C. Suppose that GNB makes a loan to a customer equal to the number of its excess reserves from part b. Show the banks balance sheet before the customer spends the proceeds of the loan. What are the banks excess reserves?