Show the balance sheet changes that would take place if the Federal Reserve Bank of New York

Question:

Show the balance sheet changes that would take place if the Federal Reserve Bank of New York purchased an office Building from Citigroup for a price of $100 million. Compare this effect to he effect of an open-market purchase of Securities shown in Table 1. What do you conclude?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...