Total reserves in this table equal (0, 70, 210, 350). Required reserves in this table equal (0, 70, 210, 350). Excess reserves in this table equal (0, 70, 210, 350). Securities in this table equal (0, 70, 210, 350). Loans in this table equal (0, 70, 210, 350). Transactions accounts in this table equal (0, 70, 210, 350).

Table 14.5 Balance sheet of banking system after expansion of loans and deposits (millions of dollars) Transactions accounts Total reserves Required, Excess, Securities Loans Total $ Total S. As a result of the open-market operations, the money supply has expanded by a total of 6. Required reserves have gone up by 7. Loans have increased by