NewBank started its first day of operations with $4 million in capital. A total of $90 million in chequable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. If desired reserves are 8%, what does the bank balance sheet look like? Complete the table below. (Round your answers to two decimal places). Assets ($) Desired Reserves Excess Reserves Loans Liabilities ($) million Chequable Deposits million Bank Capital million 90 million 4 million

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