Eurocurrency liabilities--all types 3% B. H What is this savings bank's total required level of legal reserves? How much must de 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 deposits subiect to reserve requirements but has managed to enter into sweep account arrangements its transaction deposit customers affecting $150 million of their deposits. Given the air rent legal reserve requirements applying to transaction deposits (as mentioned in the chapter), by how much would Frost Street's total legal reserves decrease as a these new sweep account arrangements, which stipulate that transaction deposit bol ances covered by the sweep agreements will be moved overnight into savings depasi 14. Jasper Savings Association maintains a clearing a resulted h. TE C. CO ye cel yo Pool