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Table 14.15 ($b's). Initial Balance Sheet for Bank of Canada and Canada's Bank's Bank of Canada Chartered Banks Assets Liabilities Assets Liabilities Securities 65 Bank

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Table 14.15 ($b's). Initial Balance Sheet for Bank of Canada and Canada's Bank's Bank of Canada Chartered Banks Assets Liabilities Assets Liabilities Securities 65 Bank Deposits 15 Cash Reserves 15 Deposits 225 Foreign Reserves 35 Federal Deposits 30 Securities 130 Borrowings 80 Notes 20 Loans 80 Government Deposits 30 The Bank of Canada buys $15 billion of securities from the Chartered Banks. After this transaction (and before the multiplier), what changes would occur to both balance sheets; Bank of Canada Chartered Banks Assets Liabilities Assets Liabilities Securities Bank Deposits Cash Reserves Deposits Foreign Reserves Federal Deposits Securities # Borrowings Notes Loans Government Deposits

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