Iey creation process Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess required reserve ratio is 10%. Alex, a client of First Main Street Bank. deposits $500,000 ing account at First Main Street Bank. following table to reect any changes in First Main Street Bank's T-account (before the ny new loans). Lssets Liabilities i $500,000 $500,000 Deposits following table to show the effect of a new deposit on excess and required reserves lired reserve ratio is 10%. ange is negative, be sure to enter the value as negative number. Change in Required eposited Change in Excess Reserves Reserves rrs) (Dollars) (Dollars) 450,000 50,000 First Main Street Bank loans out all of its new excess reserves to Susan, who 1585 the funds to write a check to Raphael. Raphael deposits the funds immediately into Iccount at Second Republic Bank. Then Second Republic Bank lends out all of its new es to Clancy. who writes a check to Becky. who deposits the money into her account at Bank. Third Fidelity lends out all of its new excess reserves to Eileen in turn. wing table to show the eect of this ongoing chain of evens at each bank. Enter each nearest dollar