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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
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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