Suppose that National Bank of Guerneville has $31 million in checkable deposits, Commonwealth Bank has $46 million in checkable deposits, and the required reserve ratio for checkable deposits is 10%. If National Bank of Guerneville has $4 million in reserves and Commonwealth has $5 million in reserves how much in excess reserves does each bank have? (Enter your answers rounded to one decimal place) National Bank of Guerneville has million in excess reserves Commonwealth Bank has million in excess reserves Now suppose that a customer of National Bank of Guerneville writes a check for $2 million to a real estate broker who deposits the check at Commonwealth After the check clears, how much in excess reserves does each bank have? National Bank of Guerneville has $million in excess reserves Commonwealth Bank has million in excess reserves