Calculate banks excess reserves

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Reference no: EM13819112

This is the last question dealing with Sante Bank, which has the following (partial) list of accounts on its balance sheet:

Cash in the bank = $11,000

US government bonds = $4,000

Deposit in the Fed = $25,000

Equity = $16,000

Savings deposits = $100,000

Checking deposits = $260,000

Calculate Sante Bank's excess reserves.

Reference no: EM13819112

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