The table below is the balance sheet for all banks combined in the banking system. All banks have a target reserve ratio of 4%.
Assets
Liabilities/Equity
Reserves
$45,000
$ 4500
Chequing deposits
$1,012,500
$
Loans
852,750
Shareholders' equity
112,500
$
Securities
112,500
Fixed assets
114,750
Total
1,125,000
Total
1,125,000