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First National Bank of Schitt's Creek Assets Liabilities and Owners' Equity $90,000 Reserves $35,000 Deposits Loans $25,000 $72,000 Debt 5777 Short-term securities $23,000 Capital (owners'

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First National Bank of Schitt's Creek Assets Liabilities and Owners' Equity $90,000 Reserves $35,000 Deposits Loans $25,000 $72,000 Debt 5777 Short-term securities $23,000 Capital (owners' equity) Using the table above, if this bank is currently holding $29,600 in excess reserves then what is the reserve requirement in Schitt's Creek

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