H15

Consider the accompanying balance sheet for a Canadian chartered bank. Calculate the desired and excess reserves if r=9%,10%,12%, and 15%. If r=9%, then desired reserves are $ and excess reserves are $ (Enter your responses as whole numbers.) If r=10%, then desired reserves are $ and excess reserves are $ (Enter your responses as whole numbers.) If r=12%, then desired reserves are $ and excess reserves are S (Enter your responses as whole numbers.) If r=15%, then desired reserves are $ and excess reserves are $ (Enter your responses as whole numbers:) \begin{tabular}{lrlr} \hline Assets & ($000s) & Liabilities & ($000s) \\ \hline Reserves & 150,000 & Deposits & 320,000 \\ Desired & & Advances from Bank of Canada & \\ & & Borrowings & 35,000 \\ Excess & & & 55,000 \\ Loans & 220,000 & Capital & \\ Securities & 40,000 & & 410,000 \\ \hline Total Assets & 410,000 & Total Liabilities & \\ \hline \end{tabular}