Central Bank             Non-Bank Sector  
  Assets Liabil.   Req. Reserve Ratio = 10%   Assets Liabil.  
CB Loans Currency         Currency Loans
Securities Req. Reserves Deposits  
  Excess Reserves       Securities  
  1st Savings Bank     U.S. Loan Bank     Bank Sector  
  Assets Liabil.     Assets Liabil.     Assets Liabil.  
Excess Reserves Inter Bank Loans Excess Reserves Interbank Loans Excess Reserves  
Req. Reserves CB Loans Req. Reserves CB Loans Req. Reserves CB Loans
Interbank Loans Deposits Interbank Loans Deposits   Deposits
Securities   Securities   Securities  
Loans   Loans   Loans  
     
 
       
   
      .