The problem:

The balance sheet for ACME Bank is shown below. Reserves :5 64.000 Checkab'e $ 108.000 depOSIts Loans $ 50.000 Stock shares $ 305.000 Property $ 299,000 Suppose the bank decides to invest 40 percent of its excess reserves in short-term securities in order to earn interest. The bank issues a cashier's check to a securities dealer to purchase the securities. The securities dealer deposits the check into an account at a different bank. What will ACME Bank's balance sheet look like after the check has been processed? Fill in the values in the table below. Assume a required reserve ratio of 15 percent. Instructions: Enter your answers as whole numbers. Checkable Reserves deposits Loans Securities Property