The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial banks' desired reserve ratio on all deposits is 1 percent and there is no currency drain. Calculate the bank's excess reserves. >>> Answer to 2 decimal places. E The banks' excess reserves are $ 37.9 million. If the banks use all ofthese excess reserves to make loans, what is the quantity of loans? The quantity of loans will be $ 37.9 million. If the banks use all of the excess reserves to make loans. what is the quantity of total deposits immediately after the banks have made the loans? The quantity of total deposits immediately after the banks have made the loans is $ million. Assets Liabilities (millions of dollars) Reserves at the Fed Cash in vault Securities Loans 25 15 50 120 Checkable deposits Savings deposits 100 110