Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of $17,000 from Bank 11 Use the T-account below to show the result of this transaction for Bank 1, assuming Bank 1 keeps no excess reserves after the transaction. (Remember T-accounts show the changes to a bank's balance sheet) Assets Reserves 10 Bank 1's T-account Liabilities Deposits 50 Loans $17000 Securities -17000 Assume all of tank 1's leans of $17.000 are spent by the borrowers and then deposited into Bank 2.1 Use the T-attunk below to show show the chacoes A ansaction for Bank 2, assuming Bank 2 keeps no excess reserves and the reserve requirement is 15% (Remember T-accounts Reserves Loans Bank 2's Taccount Assets Liabilities Deposits