I need to determine the value of the Money Supply, M1 before open market operations. Bank customers assets: are $400 in checkable deposits, Federal reserve notes $40, treasury securities $70. Bank customers liabilities: are loans of $360 with a net work of $150. The Federal Reserve Bank has assets of Treasury securities of $80 with liabilities as follows: $30 of bank reserve accounts, Federal reserve notes of $50. The bank has assets of $360 in loans, $10 in Federal Reserve Notes, and $30 in reserve accounts. The bank has $400 in liabilities of checkable deposits. Required rate of reserve is 10%. Find value of M1.