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 c is 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 Consolidated Balance Sheet: All Commercial Banks 1 2 Liabilities and net worth: Checkable deposits Loans from the Federal Reserve Banks $34 58 62 $150 4 EA EA EA 37 $ 58 $ EA 62 $ 150 $ 7 EA EA $ EA 31 $ 58 $ EA 62 $ SA 145 $ st 4 $ 3 38 54 62 150 4