A,B,C required.

City Bank has estimated that its average dally net transaction accounts balance over the recent 14 -day computation period was $257.00 miltion. The average daily balance with the Fed over the 14 -day maintenance period was $10 milion, and the average dally balance of vautt cash over the two-week computation period was 56 million. EXAMPLE 13-2 Computation of Dally Average Required Reserves Consider ABC Bank's reserve manager, who wants to assess the bank's minimum cash reserve requirement target. The manager koows the bank'i net transaction accounti bal. ance at the elose of the tanking day on each of the 14 days orer the period Toesday. June 30, to Monday, July 13. Consider the realized net transaction secount positions of ABC Bank in Table 13-25. The minimum daily serage reserves that a bank mupt maintain is computed as in percentage of the daily ivenigo net transaction acoounts held by the bank over the two-week. computation period, where Friday's balanoes are carried over for Saturday and Sundiy. The minirnum daily average for ABC Bank to hold against the daily avenge of 51,350,70 million in net tranactioe isccounts is cakculated as follows (amounts in mallions): Daily average net transiction accounts x Reserve percentuge = Daily average reserves required a. Under the rules effective in 2020 , what is the amount of average dally reserves required to be held during the reserve maintenance penod for these demand depost balances? b. What is the average daly balance of reserves held by the bank over the maintenance period? By what amount were the average reserves held higher or lower than the required reserves? c. If the bank had transferred $49 milfion of its deposits every Fictay over the two week computation period to one of its off shore fachises, whot would be the revised average daily reserve requirement? Complete this question by cntering your answers in the tabs below. Under then rules effective in 2020 , whut is the amount of average dally reserves required to be beld doring the reserve maintenance period for these demand depost batances? (Og not cound intermodipte calculations. Enfdr your an pyer in miltions rounded to 3 decinal places (seg. 92.161) ) 257.00 million. The average dally balance with the Fed over the 14 -day maintenance period was $10 million, and the average daily alance of valt cash over the two-week computation penod was $6 milition. EXAMPLE 13-2 Compufatlon of Dally Average Required Reserves Consider ABC Bank's reserve manager, who wants to assess the bank's minimum cash reserve requirement target. The rnanger knows the bank's net transaction accounts balance at the close of the banking day on each of the 14 days wer the period Tuestay, June 30, to Monday, July 13. Consider the realized net transaction account position of ABC Bank in Table 13-25. The minimuin daily average reserves that a bank mude maintain is computed as a peroentage of the daily average net transaction accounts beld by the bank over the two-woek computation period, where Friday's balances are carried over for Saturday and Sunday. The minimum daily average for ABC Bank to hold against the daily werage of $1,350.70 million in net tranaction accounts is calculated as follows (amounts in millions): Daily average net traniaction accounts Reserve percentage = Daily average reserves required 0. Under the rules effective in 2020 , what is the amount of average dally reserves required to be held during the reserve maintenance period for these demand deposit balances? b. What is the average daily balance of reserves held by the bank over the maintenance period? By what amount were the average reserves held highet or lower than the required reserves? c. If the bank had transteried $49 milion of its deposits every Fnday ovec the two-weck computation period to one of its off-shore facilies; whot would be the revised average daily reserve requirement? Complete this question by entering your answers in the tabs below. What is the average daliy balance of reserves held by the bank over the maintenacce periodr sy what ampunt were the City Bank has estimated that its average dally net transaction accounts balance over the recent 14 -day computation period was $25700 million. The average daily balance with the Fed over the 14.day maintenance period was $10 million, and the average dally palance of vault cash over the two-week computation period was $6 million. EXAMPLE 13-2 Computation of Dally Average Required Reserves Consider ABC Bank's reserve manager, who wants to assess the bank's minimum cash reserve requirement target. The manager knows the bank's net transaction accounts balance at the close of the banking diry on each of the 14 days over the period Tuenday, June 30, to Monday, July 13. Consider the realized bet transaction account positions of ABC Bank in Table 13-25. The ninimum daily avernge reserves that a bank mute maintain is computed as a perentage of the daily average net transaction accounts held by the bank over the two-wock computation period, where Friday's balances are carried orer for Saturday and Sunday. The minimum daily avenge for ABCB ank to hold against the daily awerage of $1,350,70 million in net tramaction accounts is calculated as follows (amounts in millions): Daily average net transaction accounts Reserve percentage = Daily avenge neserves required 0. Under the rules effective in 2020 , what is the amount of average dally reserves required to be heid during the reserve maintenance period for these demand deposit balances? b. What is the average daily balance of reserves held by the bank over the maintenance period? By what amount were the average reserves held higher or lower than the required reserves? c. If the bank had transferred $49 million of its deposits every Ftiday over the two-week computation period to one of its off-shore focilities, what would be the revised average daily reserve requirement? Complete this question by entering your answers in the tabs below. If the bank had transferred $49 million of its deposits every friday over the two-week computation period to one of its off: shore facilities, what would be the revised average daily reserve requirement? (Do not round intermediate calculations. Enter your answet in miltons rounded to 3 decimal paces. (0,9.32161) )