Financial Institutions Management: A Risk Management Approach 10th Edition by Anthony Saunders Solu

 
                                             Federal Reserve Bank                                                                                      
               Assets                                         Liabilities                                    
Securities               $60m                     Reserve accounts              $60m
---------------------------------------------------------------------------------------------------
                                                     Bank Three                                                                                                 
                Assets                                       Liabilities                                       
Loans                     $440m                   Transaction deposits       $500m
  ($500m - $60m)                          ($60m x 0.12)
Reserve deposits        60m                           
at Fed