Answer:
The excess reserve which bank has amounts to $15,000
Explanation:
The sale of securities will directly transferred to the reserves of the bank that is amount of $15,000. This will increase the reserve through $15,000 to $25,000, since the sale of securities there is no change in the checkable deposits immediately.
The fact that the checkable deposits have not changed states that the required reserves have not changed, therefore, the required reserves still equal to $10,000.
Therefore, the excess reserve is computed as:
Excess reserve = Actual reserves - Required reserves
Excess reserve = $25,000 - $10,000
Excess reserve = $15,000
