Three currently has $$350$ million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve quirement at $6$ percent of transaction deposits.

$.$ If the Federal Reserve decreases the reserve requirement to $4$ percent, show the balance sheet of Bank Three and the Federal teserve System just before and after the full effect of the reserve requirement change. Assume Bank Three withdraws all excess eserves and gives out loans and that borrowers eventually return all of these funds to Bank Three in the form of transaction deposits. p$.$ Redo part $($a$)$ using a $10$ percent reserve requirement.

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