Suppose that Second Republic Bank currently has $150,000 in demand deposits and $97,500 in outstanding loans. The Federal Reserve has set the reserve requirement at 10%. Reserves=
Required Reserves=
Excess Reserves=

Reserves= $52,500

Required reserves= $15,000

Excess reserves= $37,500

Explanation:

The Second republic bank has $150,000 in demand deposits

They also have $97,500 in outstanding loans

The reserves can be calculated as follows

Reserves= deposits-loans

= $150,000-$97,500

= $52,500

The required reserves can be calculated as follows

Required reserves= deposits × reserve ratio

= $150,000×10/100

= $150,000×0.1

= $15,000

The excess reserves can be calculated as follows

Excess reserves= reserves-required reserves

= $52,500-$15,000

= $37,500

Hence the reserves, required reserves and excess reserves are $52,500, $15,000 and $37,500 respectively

statement of owner's equity;

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