2.1 Open Market Purchase froni a/Bank Fed purchases $100 of securities tror a bank and pays for them with a s100 check The balance sheet of banking system Assets Liabilities Securities -$100 Reserves +$100 the balance sheet of Fed Assets Liabilities Securities +$100 Reserves +$100 NEXT2.1 Open Market Purchase from a Bank • Fed purchases $100 of securities from a bank and pays for them with a $100 check. Assets Liabilities The balance sheet of banking system Assets Liabilities the balance sheet of Fed Securities -$100 Reserves +$100 Securities +$100 Reserves +$100