If a bank has excess reserves of $100,000, then it can lend out only up to $100,000; but if the banking system has cess reserves of $100,000, then the system can make additional loans totaling more than $100,000.

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If the banking system as a whole has excess reserves, it can make additional loans through the process of money creation, where the initial loan creates additional deposits and reserves in other banks, allowing for more lending to occur throughout the system. This is known as the money multiplier effect.

If a Bank Has Excess Reserves of $100,000, Then It