Assume the reserve requirement is 5%. First Merit Bank as vault cash and deposits with the Fed of $50 million, loans and securities of $270 mill, and checking deposits of $320 mill. First merit is in a position to make: a. no additional loans b. up to $270 million of additional loans c.up to 16 million of additional loans d. up to $34 mill of additional loans e up to $50 million of additional loans.