Suppose that First Bank has $34 million in checkable deposits, Second Bank has $47 million in checkable deposits, and the reserve requirements for checkable deposit is 10%. First Bank currently has $4 million in reserves and Second Bank has $5 million in reserves, how much excess reserves does each bank have? Now suppose that a customer of First Bank writes a check for $1 million to a real estate broker who deposits it at Second Bank. After the check clears, how much excess reserves does each bank have?