First National Bank of Belle Mead has forecast its checkable deposits, time and savings deposits, and commercial and household loans over the next eight months. The resulting estimates (in millions) are shown below. Use the sources and uses of funds approach to indicate which months are likely to result in liquidity deficits and which in liquidity surpluses if these forecasts turn out to be true. Explain carefully what you would do to deal with each month€™s projected liquidityposition.

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Checkable lime and Commercial Month Deposits Savings Deposits Loans Consumer Loans January February March April May June July August S120 115 100 90 105 80 90 100 $550 500 500 485 465 490 525 515 $650 650 700 700 710 700 700 675 $160 230 210 175 160 200 175 150