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NewBank Balance Sheet - $6M Capital, $110M Deposits, $50M Loans, 6% Reserves

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NewBank started its first day of operations with $6 million in capital. A total of $110 million in chequable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. If desired reserves are 6%, what does the bank balance sheet look like? Complete the table below. (Round your answers to two decimal places)..

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NewBank started its first day of operations with $6 million in capital. A total of $110 million in chequable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. If desired reserves are 6%, what does the bank balance sheet look like? Complete the table below. (Round your answers to two decimal places).

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