Question: Banking Assignment Use the information below to find the missing information. 1. Chase Bank Assets Liabilities Total Reserves Transaction Deposits 5,500,000 Required 660,000 Excess 2,000,000

Banking Assignment Use the information below to find the missing information. 1. Chase Bank Assets Liabilities Total Reserves Transaction Deposits 5,500,000 Required 660,000 Excess 2,000,000 Loans Total Assets 5,500,000 Total Liabilities 5,500,000 a. How much is this bank holding in total reserves? b. What is the required reserve rate for this bank? c. What amount of Loans has this bank made? 2. Wells Fargo Bank Assets Liabilities Total Reserves 2,000,000 Transaction Deposits Required Excess 750,000 Govt. Sec. 2,225,000 Loans Total Assets Total Liabilities a. Assume the required reserve rate is 20%. What are required reserves for this bank? b. What are transactions deposits and total liabilities for the bank? c. How much more money can this bank loan out at this time

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