Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 10%. Alex, a client of First Main Street Bank, deposits $500,000 into his checking account at First Main Street Bank. Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans). Assets LiabilitiesCompiete the foliowing table to show the effect of a new deposit an excess and required reserves when the required reserve ratio is 1 0%. Hint: If the change is negative, be sure to enter the value as negative number. Amount Deposited Change in Excess Reserves Change in Required Reserves {Dollars} (Dollars) (Dollars) Now, suppose First Main Street Bank loans out all of its new excess reserves to Susan. who immediately uses the funds to write a check to Raphael. Raphael deposits the funds immediately into his checking account at Second Republic Bank. Then Second Republic Bank lends out all of its new excess reserves to Clancy, who writes a check to Becky, who deposits the money into her account at 11']le Fidelity Bank. Third Fidelity lends out all of its new excess reserves to Eileen in turn. Fifi in the foiiowing tahie to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest doiiar. Increase in Deposits Increase in Required Reserves Increase in Loans (Do'ars) (Dollars) (Dollars) First Main Street Bank |:| |:| E Second Republic Bank |:| |:| E Third Fidelity Bank I:| l:l E