NewBank started its first day of operations with $$6$ million in capital. $$100$ million in checkable deposits is received. The bank issues $$50$ million of commercial loans. If required reserves are $8\%,$ what does the bank balance sheets look like? Distinguish between required and excess reserves.

$\backslash$table$[[$Assets$,$Liabilities$],[,]]$

NewBank decides to invest $$45$ million in $30-$day T$-$bills. What does the balance sheet look like after this transaction?

On the $3$rd day of operations, deposits fall by $$5$ million. What does the balance sheet look like? Are the reserves sufficient?

$\backslash$table$[[$Assets$,$Liabilities$],[1\mathrm{.}5,]]$