How does the federal reserve control the money supply? place the events in order to describe how a bank with a temporary reserve shortfall uses a short, term loan to bring its reserves up to the required level. start by clicking the first item in the sequence or dragging it here drag the items below into the box above in the correct order, starting with the first item in the sequence with some of its own borrowers paying off loans and new deposits coming in american bank no longer needs the money borrowed from trueblue bank. american bank takes out a short-term loan with trueblue bank. the fed facilitates the transaction. the loan to american bank begins earning interest for trueblue bank at the federal funds rate. * lending activity depletes american bank's reserves below the required reserve level. * american bank pays off the loan and is able to maintain the required reserves.