MHM Bank currently has $550 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 60 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. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowers return only 60 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 44 million Reserve accounts 44 million MHM Bank Assets Liabilities Loans $ 506 million Transaction deposits 550 million Panel B: Balance Sheet after All Changes Federal Reserve Bank Assets Liabilities Securities 50.050 million Reserve accounts million MHM Bank Assets Liabilities Loans Transaction deposits million million million Reserve deposits at Fed 50.050 Required A Required 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. (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 $ 44 million Reserve accounts 44 million MHM Bank Assets Liabilities Loans $ 506 million Transaction deposits 550 million Reserve deposits at Fed 44 million Panel B: Balance Sheet after All Changes Federal Reserve Bank Assets Liabilities Securities million Reserve accounts million MHM Bank Assets Liabilities Loans Transaction deposits million million million Reserve deposits at Fed