1. Open market operations as a monetary tool Suppose that the Federal Reserve buys $6 million worth of government securities from a customer of Gold Bank. In the following balance sheets, show the effect of this transaction. (Hint: If either assets or liabilities do not exist, please select "Not Applicable" and "NA" in the drop-down menus, and type in " 0 " (zero) in the numeric entry fields.) 1. Open market operations as a monetary tool Suppose that the Federal Reserve buys $6 million worth of government securities from a customer of Gold Bank. In the following balance sheets, show the effect of this transaction. (Hint: If either assets or liabilities do not exist, please select "Not Applicable" and "NA" in the drop-down menus, and type in " 0 " (zero) in the numeric entry fields.)