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The bank has the following assets: Total Reserves $2,580,000, Loans $1,230,000, Securities $500,000 and Office Equipment of $800,000. lt has demand deposits of $1,950,000, Fed
The bank has the following assets: Total Reserves $2,580,000, Loans $1,230,000, Securities $500,000 and Office Equipment of $800,000. lt has demand deposits of $1,950,000, Fed Funds Purchased $410,000 and $2,750,000 in Capital. The Reserve Requirement is 15%. Given the following transactions: New loans: $1,650,000, New Securities $600,000, Sale of $37,500 in Fed Funds and New Deposits of $390,000 - calculate the new amounts for: What is the new amount of Total Reserves What is the new amount of Excess Reserves What is the new amount of Required Reserves What is the amount of Total Assets What is the amount of Total Liabilities
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