NewBank started its first day of operations with $$6$ million in capital. A total of $$120$ million in chequable deposits is received. The bank makes a $$25$ million commercial loan and lends another $$25$ million in mortgage loans. Desired reserves are $9\%.$ NewBank decides to invest $$30$ million in $30-$day T$-$bills. The T$-$bills are currently trading at $$4,986\mathrm{.}70($including commissions$)$ for a $$5,000$ face value instrument. How many T$-$bills does NewBank purchase? What does the balance sheet look like?

How many do they purchase?

New Bank can purchase T$-$bills. $($Round your answer to the nearest whole number$).$

What does the balance sheet look like? Complete the table below. $($Round your answers to two decimal places$).$

$\backslash$table$[[$Assets $($$$),$Liabilities $($$$),],[$Desired Reserves,million,Chequable Deposits$],[$Excess Reserves,million,Bank Capital$],[$T$-$bills,million,$],[$Loans$,50$ million,$]]$