MHM Bank currently has $1,000 million in transaction deposits on its balance sheet. The current reserve requirement is 8 percent, but the Federal Reserve is increasing this requirement to 10 percent. a. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowers return only 70 percent of these funds to MHM Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 85 percent of its excess reserves to loans and borrowers return 90 percent of these funds to MHM Bank as transaction deposits. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowers return only 70 percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations. Round your "Panel B' answers to 3 decimal places (e.g. 32.161)) Panel A Initial Balance Sheets Federal Reserve Bank Federal Reserve Bank Assets Liabilities Securities 80 million Reserve accounts 80 million Reserve deposits at Fed Loans MHM Bank Assets Liabilities 80 million Transaction deposits $ 1,000 million 920 million Panel B: Balance Sheet after All Changes Securities Federal Reserve Bank Assets Liabilities 100.000 million Reserve accounts $ 100.000 million MHM Bank Assets Liabilities Loans Loans $ 10.000 million million Transaction deposits million Panel A: Initial Balance Sheets Securities Reserve deposits at Fed Loans Federal Reserve Bank Assets Liabilities 80 million Reserve accounts 80 million MHM Bank Assets Liabilities 80 million Transaction deposits 1,000 million 920 million Panel B: Balance Sheet after All Changes Securities Loans Reserve deposits at Fed Federal Reserve Bank Assets Liabilities $ 100.000 million Reserve accounts 100.000 million MHM Bank Assets Liabilities $ 100.000 million Transaction deposits $ 1,000.000 million 900.000 million