Jim makes a $\backslash (\backslash$$ $1,000\backslash )$ withdrawal from his checking account at Bank of America. The immediate effect of this transaction on Bank of America's balance sheet is

an increase in bank liabilities by $\backslash (\backslash$$ $1,000\backslash )$ and no change in bank assets.

an increase in bank assets by $\backslash$$$1,000$ and a decrease in bank liabilities by $\backslash$$$1,000.$

a decrease in bank assets and liabilities by $\backslash (\backslash$$ $1,000\backslash ).$

a decrease in bank liabilities by $\backslash (\backslash$$ $1,000\backslash )$ and no change in bank assets.

an increase in bank assets and liabilities by $\backslash (\backslash$$ $1,000\backslash ).$