II.3. Region Bank has an initial balance sheet Assets Reserves $20 million Loans $80 million Securities $10 million Liabilities Checkable deposits $100 million Bank capital $10 million and faces a required reserve ratio is 15%. Now suppose $20 million are withdrawn from the checkable deposits, but no one is willing to lend to the bank, and it can only sell its holdings of securities at a 45% discount and loans at a 48% discount off the book value. 11111 II.3. Region Bank has an initial balance sheet Assets Reserves $20 million Loans $80 million Securities $10 million Liabilities Checkable deposits $100 million Bank capital $10 million and faces a required reserve ratio is 15%. Now suppose $20 million are withdrawn from the checkable deposits, but no one is willing to lend to the bank, and it can only sell its holdings of securities at a 45% discount and loans at a 48% discount off the book value. 11111