City Bank has estimated that its average daily net transaction accounts balance over the recent 14-day computation period was $231 million. The average daily balance with the Fed over the 14-day maintenance period was $8.5 million, and the average daily balance of vault cash over the two-week computation period was $6 million. c. If the bank had transferred $35 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?

Revised Average Daily Reserve Requirement_________________________-