solve only the B side please Complete this question by entering your answers in the tabs below.Required A Required BShow the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 70 percent of its excess reserves to loans and borrowersreturn 85 percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations.Round your "Panel 8" answers to 3 decimal places. (e.g., 32.161))Panel A Initial Balance Sheets -SecuritiesLoansReserve deposits at FedSecuritiesAssetsLoansReserve deposits at FedAssetsPanel B: Balance Sheet after All ChangesOsOAssetsAssetsAnswer is complete but not entirely correct.5985252 millionFederal Reserve Bank$545.22060,580Reserve accountsMHM Bankmillion Transaction depositsmillionFederal Reserve Bank,S52.000 million Reserve accountsMHM Bankmillion Transaction depositsmillion< Required ALiabilitiesLiabilitiesOsLiabilitiesLiabilitiesRequired B52 milion650 million51.610 million$ 605 500 million MHM Bank currently has $650 million in transaction deposits on its balance sheet. The current reserve requirement is 8 percent, butthe Federal Reserve is increasing this requirement to 10 percent.a. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowersreturn only 70 percent of these funds to MHM Bank as transaction deposits.b. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 70 percent of its excess reserves to loansand borrowers return 85 percent of these funds to MHM Bank as transaction deposits.

The federal reserve is the reserve maintained by the central bank and the monetary authority of the…

MHM Bank currently has $650 million in transaction deposits on its balance sheet. The current reserve requirement is 8 percent, but the Federal Reserve is increasing this requirement to 10 percent a. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowers return only 70 percent of these funds to MHM Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 70 percent of its excess reserves to loans and borrowers return 85 percent of these funds to MHM Bank as transaction deposits.