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NewBank started its first day of operations with $5 million in capital. A total of $90 million in chequable deposits is received. The bank makes

NewBank started its first day of operations with $5 million in capital. A total of $90 million in chequable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. If desired reserves are 9%, what does the bank balance sheet look like? Complete the table below. (Round your answers to two decimal places). Assets ($) Liabilities ($) Desired Reserves million Chequable Deposits 90 million Excess Reserves million Bank Capital 5 million Loans million

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