Currently a community bank has $45,000 in reserves, demand deposits of $200,000, and loans of $145,000. It unexpectedly receives an inflow of deposits of $50,000 into checking accounts and another $25,000 into time deposits. Current reserve requirements on demand deposits and time deposits are 10 percent and 3 percent, respectively. What is the motivation for having a lower reserve requirement for time deposits relative to demand deposits? What is the banks reserve position? What is the maximum dollar amount of loans the bank could make?