11-3.

First National Bank of Los Alamos has forecast its checkable deposits, time and savings

deposits, and commercial and household loans over the next 8 months.

The resulting estimates

(in millions) are shown in 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

liquidity position.