ww 1 S th Bank Three carently has $450 million in transaction deposits on its balance sheet The Federal Reserve has currently set the reserve requirement at 8 percent of transaction deposts a. If the Federal Reserve decreases the reserve requirement to 5 percent, show the balance sheet of Bank Three and the Federal Reserve System just before and after the full effect of the reserve requirement change. Assume Bank Three withdraws all excess reserves and gives out loans and that borrowers eventually return all of these funds to Bank Three in the form of transaction deposits b. Redo part (a) using a 10 percent reserve requirement Complete this question by entering your answers in the tabs below. Required A Required Redo pert (a) using a 10 percent reserve requirement. (Do not round intermediate calculations. Enter your answers in millions rounded to the nearest coller amount Panel A Intal Balance Sheets Federal Reserve Bank Assets Liabilities Securities stion Assets Liabilities Reserve depositate Loars Pane Balance Sheetter A Changes Liabilities Assets Bersedes Liabilities Assets Reserve an Loara Reserve accounts Transaction depos maion Bank Three son Federal Reserve Bank Hasan accou Transaction depa Bank Three