Suppose the current reserve requirements set by the Federal Reserve are as follows:

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

A bank has cash of $2 million, reserve deposits at the Federal Reserve of $25 million, transaction deposits of $275 million, non-personal time deposits of $100 million. Calculate the bank’s required reserves, excess reserves, and total reserves.