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2. A Federal Reserve Bank\'s balance sheet Aa Aa Suppose that the Boston Federal

ID: 1119789 • Letter: 2

Question

2. A Federal Reserve Bank's balance sheet Aa Aa Suppose that the Boston Federal Reserve Bank currently has $58,625,000,000 in Federal Reserve notes outstanding, $10,025,000,000 in loans to commercial banks, 36,075,000,000 in reserves of commercial banks, $22,050,000,000 in Treasury deposits, and $71,750,000,000 in Treasury bonds. Use the information above to complete the following table showing the Boston Federal Reserve Bank's balance sheet. Note: You will be able to place the correct text entries only in the proper order on each side. Information on other assets and other liabilities and net worth has been provided for you. Also, because values on the balance sheet are in millions of dollars, the entry for $58,625,000,000, for example, will be $58,625 Boston Federal Reserve Bank's Balance Sheet (Millions of Dollars) Assets Liabilities and Net Worth All other assets 63,425 All other liabilities and net worth 28,450 Total Total

Explanation / Answer

Boston Federal Reserve Bank'Balance sheet Assets Amount Liabilites and Net Worth Amount Treasury bonds 71750 Reserves of commerical bank 36075 Loans 10025 outsanding notes 58625 all other assets 63425 treasury deposits 22050 all other liabilities & net worth 28450 Total 145200 Total 145200