Ninth national bank holds $150,000,000 in checkable deposits and $12,000,000 in total reserves. with a required reserve ratio of 8 percent, how much in excess reserves is ninth national holding?

We are asked to solve for the excess reserves. There are given values such as:

Checkable deposits = $ 150,000,000

Total reserves = $12,000,000

Required reserve ratio = 8%

Solving for reserve amount, we have:

Reserve amount = 0.08 * $150,000,000 = $ 12,000,000

Solving for the excess:

Excess reserves = $ 12,000,000 - $12,000,000 = $0

The answer is $0.