Question:

Suppose that the bank customer that took out a loan from Bank of America also has an account at Wells Fargo and they request that their $$50,000$ deposit be transferred to Wells Fargo.

What is the entry on the balance sheets of Bank of America and Wells Fargo respectively?

Bank of America:$(-$$$50,000$ Central Bank Reserves, $-$$$50,000$ deposits$)$; Wells Fargo $(+50,000$ Central Bank Reserves, $+$$$50,000$ deposits$)$

Bank of America:$(-$$$50,000$ Central Bank Reserves, $+$$$50,000$ loans$)$; Wells Fargo $(+50,000$ Central Bank Reserves, $-$$$50,000$ deposits$)$

Bank of America:$(-$$$50,000$ physical currency, $+$$$50,000$ deposits$)$; Wells Fargo $(+50,000$ Central Bank Reserves, $-$$$50,000$ deposits$)$

Bank of America: Central Bank Reserves, $+$$$50,000$ deposits$)$; Wells Fargo Central Bank Reserves, $-$$$50,000$ deposits$)$