Refer to the table in Question 13. Now suppose the Federal Reserve raised the reserve requirements on deposits between $14.5 million and $103.6 million to 5 percent and raised the reserve requirement on nonpersonal time deposits to 3 percent. Calculate the bank’s required reserves, excess reserves, and total reserves under these conditions.

Type of Liability	Requirement
	Percentage of liabilities
Transaction deposits $0 to $14.5 million	0
Transaction deposits more than $14.5 million to $103.6 million	3
Transaction deposits more than $103.6 million	10
Non-personal time deposits	0
Eurocurrency liabilities	0