Homework Sourser 15 Bank is S 90000 Reserves of Solutiona Assets Cash 1100
r 15 Bank is S 90.000 Reserves of 
Solution
a. Assets
Cash = $11,000
Reserves = $81,000
Property = $259,000
Liabilities
Checkable Deposits = $81,000
Stock Shares = $270,000
Because a check of 9,000 will reduce that money from the bank of check i.e last national bank and credit it to the bank of contractor as the payment is made to him. The checkable deposits of the last national bank will decrease by the same amount.
b. After check clears, the checkable deposits are 81,000. 5% of 81,000 is 4050. Hence excess reserves are 81000 - 4050 = 76950
