FAB reported transaction deposits of $85 million (the daily average for the latest two-week reserve computation period). Its nonpersonal time deposits over the most recent reserve computation period averaged $65 million daily, while vault cash averaged $3 million. Assuming that reserve requirements on transaction deposits are 3% for deposits over $10.7 million and up to $58.8 million and 10% for all transaction deposits over $58.8 million while time deposits carry 3% required reserve. Calculate this savings institution's required daily average reserve balance. Question 14 (5 points): ADCB has forecast its checkable deposits, time and savings deposits, and commercial and household loans over the next eight months. The resulting estimates (in millions) are shown below. Time and Savings Deposits Total deposits Total Loans Checkable Deposits Commercia Consumer 1 Loans Loans Month 120 January February $550 450 670 565 650 500 160 250 810 750 115 Use the sources and uses of funds approach to find the liquidity deficit for February. FAB reported transaction deposits of $85 million (the daily average for the latest two-week reserve computation period). Its nonpersonal time deposits over the most recent reserve computation period averaged $65 million daily, while vault cash averaged $3 million. Assuming that reserve requirements on transaction deposits are 3% for deposits over $10.7 million and up to $58.8 million and 10% for all transaction deposits over $58.8 million while time deposits carry 3% required reserve. Calculate this savings institution's required daily average reserve balance. Question 14 (5 points): ADCB has forecast its checkable deposits, time and savings deposits, and commercial and household loans over the next eight months. The resulting estimates (in millions) are shown below. Time and Savings Deposits Total deposits Total Loans Checkable Deposits Commercia Consumer 1 Loans Loans Month 120 January February $550 450 670 565 650 500 160 250 810 750 115 Use the sources and uses of funds approach to find the liquidity deficit for February