MHM Bank currently has $900 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. (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 million Reserve accounts million MHM Bank Assets Liabilities detector de Loans Reserve deposits at Fed million Transaction deposits b ess D million million million Panel B: Balance sheet after all changes Federal Reserve Bank Assets Liabilities Liabilities Securities million Reserve accounts million million MHM Bank Assets Liabilities ies Transaction deposits Loans Reserve deposits at Fed million million million so v b. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 75 percent of its excess reserves to loans and borrowers return 80 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 Assets Federal Reserve Bank million Reserve accounts Liabilities Securities million Assets Liabilities MHM Bank million Transaction deposits million Loans e s m i metest million Reserve deposits at Fed Panel B: Balance sheet after all changes Federal Reserve Bank Assets Liabilities Securities million Reserve accounts million MHM Bank Assets m Transaction deposits illion Liabilities y Loans Reserve deposits at Fed million million Transaction deposits abilities s mil million