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Question 2 Question 26 The T-account below shows the balance sheet of JP Morgan Chase $900 million Assets Liabilities Required reserves 590 million Deposits Excess

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Question 2 Question 26 The T-account below shows the balance sheet of JP Morgan Chase $900 million Assets Liabilities Required reserves 590 million Deposits Excess reserves $50 million Borrowings from U.S. treasury bonds $200 million other banks Claim on Citigroup 530 million Bank capital Claim on HSBC $45 million State govt bonds 560 million Local govt bonds $35 million Mortgages $250 million Corporate loans $400 million $55 million SX million Based on the balance sheet, what is the minimum amount of common equity in millions of 5) that the bank is required to hold (excluding the bufferi? Round your answer to at least 2 decimal places. (E.g. 512,345,678 should be entered as 12.35) Moving to another question will save this response Question of

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