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In the tables that follow you will find consolidated balance sheets for the commercial banking system and the 12 Federal Reserve Banks. Use columns

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In the tables that follow you will find consolidated balance sheets for 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 cis completed. Do not cumulate your answers; that is, analyze each transaction separately, starting in each case from the numbers provided. All accounts are in billions of dollars. Instructions: Enter your answers as a whole number. Assets: Reserves Securities Loans Liabilities and net worth: Answer is complete but not entirely correct. Consolidated Balance Sheet: All Commercial Banks 1 2 3 $34 $ 38 $ 28 $ 39 X 58 $ 58 $ 58 $ 53 62 $ 620 $ 620 $ 62 Checkable deposits $ 150 $ 1500 $ 144 X $ 1500 Loans from the Federal Reserve Banks 4 $ 8 S 40 $ 4

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