lational Bank currently has $1,650 million in transaction deposits on its balance sheet. The current reserve requirement is 12 percent, out the Federal Reserve is decreasing this requirement to 10 percent. a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 70 percent of its excess reserves to loans and borrowers return 55 percent of these funds to National Bank as transaction deposits. Complete this question by entering your answers in the tabs below. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers retum only 50 percent of these funds to National Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations. Round your 'Panel B' answers to 3 decimal places. (e.9., 32,161))