MHM Bank currently has $650 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 Roserve Bank Assets Liabilities Securities million Reserve accounts millio MHM Bank Assets Liabilities Loans Reserve deposits at Fed hillion Transaction deposits million millio Panel B: Balance sheet after all changes ederal Reserve Bank Assets Liabilities Securities million Reserve accounts millio MHM Bank Assets Liabilities milion Transaction deposits million Loans millior Reserve deposits at Fed