Here again is the balance sheet information for Cipher Bank. It will be repeated

Question

Here again is the balance sheet information for Cipher Bank. It will be repeated in future questions to make things a bit easier. Note that you can, and may have to, calculate anything marked with a "???," and anything not included or otherwise calculable = $0. Assets Liabilities and Owner's Equity Buildings and furniture $900 Cash $80 Commercial paper $500 Deposit in the Fed $320 Checking deposits $2100 Savings deposits $800 Time deposits $200 Borrowing from Bank B $500 Borrowing from the Fed $1600 agency bonds 8iabilities $1000 Home mortgages $1200 Loan to Bank A $400 Loans to firms $1100 Loans to households $1300 Municipal bonds $1400 US government bonds $600 Equity $??? Total assets $8600 Total liabilities and owner's equity???

Explanation / Answer

Ans)............/ Total liabilities will be $6200 and the equity of the assets is $2400.

Thus required reserve for the bank is $2790.

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