Please help the banker to deal with the daily operations of Bank of America for three days, please show both required reserves and excess reserves in your analysis.

1) In the third day, there are 20 million deposits and 90 million withdraws. What does the balance sheet look like? How Bank of America could deal with such case?

(2) In the third day, if Checkable Deposits remains (i.e., no 20 million deposits and 90 million withdraws as mentioned in the last question), but there is a default of the loans of 45 million? What does the balance sheet look like? What might happen to Bank of America?