Balance sheet for springtime national bank

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Reference no: EM13915548

The balance sheet for Springtime National Bank as of yesterday is shown below. Use it to answer the questions that follow. The required reserve ratio is 12%.

Asset		Liabilities
Vault Cash	405,000	Checkable Deposits	6,291,000
Reserves at the Fed	500,500	Saving Deposits	11,900,000
30 day Treasury Bills	5,300,000	Long-term Time Deposits	10,500,000
10 year Treasury Bonds	6,200,500	Discount Loans	0
Mortgages	21,500,000	Federal Funds loans	1,500,000
Federal Funds loans	0	Bank Capital	3,715,000

b. From the original balance sheet, suppose that Springtime had to write down $1,700,000 in mortgage loans due to foreclosures. How would that change their balance sheet?

Reference no: EM13915548

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