How would I find the required reserves (which is 1.28) with the federal reserve purchase and the required reserve ratio? Please include all formulas.

The Federal Reserve purchases 58 million in U 3. Treasury bonds from a bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 12 percent and the bank typically lends any excess reserves immediately. Assuming that no currency leakage occurs, calculate how much will the bank be able to lend to its customers following the Fed's purchase. When Federal Reserve purchases US Treasury bonds, the dealer's bank account receives the equivalent amount in cash as increase in reserves. The bank keeps the required reserve and loans out all the excess reserve immediately. Thus, total Reserves required Reserves = excess reserves: loans to its customers = 8 .2%$ billion. (Enter your response rounded to two decimelplaces.) The Federal Reserve purchases 58 million in U 3. Treasury bonds from a bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 12 percent and the bank typically lends any excess reserves immediately. Assuming that no currency leakage occurs, calculate how much will the bank be able to lend to its customers following the Fed's purchase. When Federal Reserve purchases US Treasury bonds, the dealer's bank account receives the equivalent amount in cash as increase in reserves. The bank keeps the required reserve and loans out all the excess reserve immediately. Thus, total Reserves required Reserves = excess reserves: loans to its customers = 8 .2%$ billion. (Enter your response rounded to two decimelplaces.) The Federal Reserve purchases 38 million in US. Treasury bonds from a bond dealer and the dealer's bank credits the dealer's account. The reqUired reserve ratio is 15 percent and the bank typically lends any excess reserves immediately. Assuming that no currency leakage occurs. calculate how much will the bank be able to lend to its customers following the Fed's purchase. When Federal Reserve purchases us. Treasury bonds. the dealer's bank account receives the equivalent amount in cash as increase in reserves. The bank keeps the reqwred reserve and loans out all the excess reserve immediately Thus. total Reserves required Reserves = excess reserves = loans to its customers = 8 0.88 = $ T12 billion {Enter your response rounded to two decr'malplaoes.) 0 Excellent