In the tabies that follow you will find consolidated balance sheets fot the commercial banking system and the 12 Federal Reserve Banks. Use columns 1 through 3 to indicate how the balance sheets would read after each of transactions a to \\( c \\) is completed Do not cumulate your answers, that is, analyze each transaction separately, starting in each case from the numbers provided. Alf accounts ar? in billions of dollats Instructions: Enter your answers as a whole number. a. A decine in the discount rate prompts commercial bonks to borrow an additional \\$3 bilion from the Federal Reserve Banks. Show the new balance sheet numbers in column 1 of each toble b. The Federal Reserve Banks sell \\( \\$ 5 \\) billion in secunties to members of the public, who pay for the bonds with checks show the new batonce sheet numbers in column 2 of eoch table. c. The Federal Reserve Bonks buy \\( \\$ 4 \\) billion of secunties from commercial banks. Show the rew balance sheet numbers in column a of each table. d. Now review each of the above three transactions, osking yourself these three questions (1) What change, if any, took place in the money supply as a diect and immediate result of each transaction? (2) What increase or decrease in the commercial banks reserves 10ok ploce in each transaction? (3) Assuming a reserve rato of 20 percent, what change in the money creating potental of the commercial banking system occurred as a result of each transaction