Answer the question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 12 percent. All figures are in billions of dollars: 
Refer to the above data. If the commercial banking system actually loans out the maximum amount it is able to lend, excess reserves will fall:
Definitions:
Revenue Account
An account that tracks the income earned from normal business operations, such as sales of goods or services, distinguished from other types of income.
Withdrawal Account
A withdrawal account is an account in a partnership or sole proprietorship from which an owner can withdraw his or her share of the business profits.
Closing Process
The closing process involves summarizing revenue and expense accounts and transferring net income or loss to owner's equity to prepare the company's books for the next accounting period.
Post-Closing Trial Balance
A financial report created after closing entries are made, listing all the account balances to ensure that debits equal credits.
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