. By what dollar amount could the money supply potentially grow as a result of this Open Market Operations purchase?

 

Assume a minimum reserve requirement of 6 ¼%. Also assume there is an Open Market Operations purchase of U.S. Treasury securities in the amount of $1,000,000. The seller of the U.S. Treasury securities deposits the $1,000,000 into her account at Chase. By what dollar amount could the money supply potentially grow as a result of this Open Market Operations purchase? Show your work.