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The positive reserves will increase the lending ability of the commercial banks. The commercial bank will have positive reserves in assets and positive checkable deposits in liabilities and net worth, when the Fed buys bonds from the public. Buying bonds from the public is similar to buying bonds from commercial banks. They both increase the lending ability of the commercial banks.
The opposite will occur when the Fed sells government bonds to commercials banks. The commercial bank will have a positive for securities and a negative for reserves in assets. The negative reserve in assets will decrease the lending ability of the commercial banks...
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