20% So to $58.8 muion More than $58.8 million Nonpersonal time deposits: "Lass than 18 months 18 months or iFore Eurasurtentylabilities all types What is this bank's daily average required level of legal reserves? How much muse the bank hold on a daily average basis with the Federal Reserve bank in its district? 13. Frost Street National Bank currently holds $750 million in transaction dpos-- its subject to reserve requirements but has managed to enter into sweep accotint. arrangemefits with its transaction deposit customers affecting $150 million of theit deposits. Given the current legal reserve requirements applying to transaction deposits (as mentioned in this chapter), by how much would Frost Street's total.legal teserves decrease as a result of these new sweep account arrangernents, which stipulate that tranaction deposit balances covered by the sweep agreements will be moved over- night into savings deposits? 14. Bridgewater Savings Association maintains a clearing account at the Federal Reserve Bank and agrees to keera minimum balancs of 20 - 11