MHM Bank currently has $500 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. (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 Assets Liabilities Securities 40 million Reserve accounts 40 million MHM Bank Assets Liabilities Loans 540 million Transaction deposits 500 million Reserve deposits at Fed 40 million Panel B: Balance sheet after all changes Federal Reserve Bank Assets Liabilities Securities million Reserve accounts million MHM Bank Assets Liabilities Loans million Transaction deposits million Reserve deposits at Fed million