The balance sheet below is that of the banking system in the country Macronesia. The reserve requirement is 10%.

ASSETS	LIABILITIES
Reserves:	Deposits $500,000
Required Reserves $50,000	Debt/Borrowing $50,000
Excess Reserves $100,000
Securities $250,000
Loans $300,000
	TOTAL LIABILITIES $550,000
	Shareholders Equity $150,000
TOTAL ASSETS $700,000	TOTAL LIABILITIES + SE $700,000

The central bank now decides to purchase $10,000 in securities. Complete the balance sheet below to show the change in the banking systems balance sheet. Assume that the banking system does not want to hold more than $100,000 in excess reserves at any time.

ASSETS	LIABILITIES
Reserves:	Deposits
Required Reserves	Debt/Borrowing
Excess Reserves
Securities
Loans
	TOTAL LIABILITIES:
	Shareholders Equity:
TOTAL ASSETS:	TOTAL LIABILITIES + SE