MHM Bank currently has $750 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 70 percent of its excess reserves to loans and borrowers return 80 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 retur percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations. your "Panel B" answers to 3 decimal places. (e.g., 32.161)) Panel A: Initial Balance Sheets Securities Loans Federal Reserve Bank Assets Liabilities $ 60 million Reserve accounts 60 million MHM Bank Assets Liabilities $ 690 million Transaction deposits $ 750 million 60 million Reserve deposits at Fed Panel B: Balance Sheet after All Changes Securities Loans Reserve deposits at Fed Federal Reserve Bank Assets Liabilities million Reserve accounts million MHM Bank Assets Liabilities million million Transaction deposits million Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 70 percent of its excess reserves to loans and bc return 80 percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate cal Round your "Panel B" answers to 3 decimal places. (e.g., 32.161)) Panel A: Initial Balance Sheets Securities Loans Federal Reserve Bank Assets Liabilities 70 million Reserve accounts $ 70 million MHM Bank Assets Liabilities 632 million Transaction deposits million 70 million Reserve deposits at Fed Panel B: Balance Sheet after All Changes Federal Reserve Bank Liabilities million Assets million Assets million million MHM Bank Liabilities million