Suppose that a bank holds cash in its vault of $1.4 million, short-term government securities of $12.4 million, privately issued money market instruments of $5.2 million, deposits at the Federal Reserve banks of $20.1 million, cash items in the process of

Primary reserves holds the bank
Cash in its vault	$1.4 m
Deposits at the Federal Reserve banks	$20.1 m
Cash items in the process of collection	$0.6 m
Deposits placed with other banks	$16.4 m

Total Primary reserves	$38.5 m

Secondary reserves holds the bank
Short-term government securities	$12.4 m
Privately issued money market instruments	$5.2 m

Total Secondary reserves	$17.6 m