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People hold $529 million of bank deposits but no currency. Banks have made $307 million dollars...

People hold $529 million of bank deposits but no currency. Banks have made $307 million dollars of loans and are fully loaned up. If now the banks choose to hold $26 million more in reserves, by how many millions would bank loans fall if the Fed takes no action at all?

Round your answer to 2 decimal places. Do not include the unit of measurement in your answer. For example, if your answer is 1.23 millions, type 1.23 in the box, not 1,230,000.

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