Use the following balance sheet for the abc national bank in answering the next question(s). assume the required reserve ratio is 20 percent.
assets
reserves$27,000
loans50,000
securities33,000
property200,000
liabilities and net worth
demand deposits$110,000
capital stock200,000
refer to the above data. this commercial bank has excess reserves of:
a. $0.
b. $3,000.
c. $12,000.
d. $5,000.
e. $7,000.

Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000

Explanation:

Given:

Assets :

Reserves = $27,000

Loans = $50,000

Securities = $33,000

Property = $200,000

Liabilities and net worth :

Demand deposits = $110,000

Capital stock = $200,000

First we'll compute required reserve using the following formula:

Excess Reserves (ER) = Total Reserves - Required Reserves

where;

Required Reserves = the Required Reserve Ratio (RR) x DEPOSITS

Required Reserves = 0.20 x $ 110,000 = $ 22,000

∴

Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000

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