How am I finding the new amount lended?

D6 X V fx A B C D E F G H 1 The reserve requirement is 5% 2 3 Barry deposits $100,000 into his account at Citibank. After taking out the required reserves, Citibank decides to keep $5000 in excess reserves. 5 What is the amount Citibank can now lend to Mary ? 6 $95,000.00 8 After getting this loan from Citibank in the amount Stu calculated above, 9 Mary deposits all her money into Chase bank. 10 How much can Chase now lend to Harry? (Chase keeps no excess reserves) 11 12 13 14 15 Harry gets this loan. He decides to keep $10,000 of his loan in cash. 16 He deposits the rest at Wells Fargo. 17 How much can Wells Fargo lend to Jerry? (Wells Fargo keeps no excess reserves) 18 19 20 21 22 What is the total money created by this process so far, based on the three loans? 23 24 TOTAL