35 / 38 -70 #10 excel Parvis Bark and Trust Co. has calculated its daily average deposits and vault cash holdings for the most recent two-week computation period as follows: Net transaction deposits Nonpersonal time deposits under 18 months to maturity Eurocurrency liabilities Daily average balance in vault cash $ 90,000,000 $169,000,000 $ 2,000,000 $ 2,000,000 Suppose the reserve requirements posted by the Board of Governors of the Federal Reserve System are as follows: 3% 10% Net transaction accounts: $10.7 to $58.8 million More than $58.8 million Nonpersonaltime deposits: Less than 18 months 18 months or more Euroourrency Mabilities all types 3% 0% 3%. Www.iphhe.com/rasehuda What is this bank's daily average required level of legal reserves How inuch must 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 depos- its subject to reserve requirements bur has managed to enter into sweep account arrangements with its transaction deposit customers affecting $150 million of that do