What if any are this banks excess reserves

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Assignment

Balance sheet of the Summer Bank

Assets

Liabilities

Cash          $ 15,000

Loans         $ 185,000 

Deposits $ 120,000
Capital    $ 80,000

Total          $ 200,000

Total      $ 200,000

The required reserve ratio on all deposits is 12%

a. What, if any, are this bank's excess reserves?
b. How much new amount of loan will this bank be able to create because of the excess reserves?
c. Answer part a and b if the required reserve ratio is changed to 8%.

Reference no: EM131271458

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