he average daily net transaction accounts of a local bank during the most recent reserve computation period is $332million. The imount of average daily reserves at the Fed during the reserve maintenance period is $25.30 million, and the average daily vault cash corresponding to the maintenance period is $4.5 million. EXAMPLE 13-2 Computation of Dally Averape Required Reserves Consider ABC Bank's eserve manager, who wants to assess the bank's minimum cash reserve requirement target. The manager knows the bank's net transaction accounts balance at the close of the banking day on each of the 14 days over the period Toesday, June 30, to Mondry, July 13. Consider the realued net transaction account positions of ABC Bank in Table 13-25. The minimum daily avenge reserves that a bank mofa maintain is computed as a presentage of the daily average bet transextion accounts held by the hank over the two week compuation period, where Friday's balances ant carried over for Saturding and Sunday. The minimam daily menye for ABC Bank to bold against the daily average of $1,350.70 million is set transaction accounts is calculated as follows (amosints in millions) Daily averape net tranuction accounts Reserve percentape = Daily average reserves required a. Under the rules effective in 2020 , what is the average dally reserve balance required to be held by the bank during the maintenance period? b. Is the bank in compliance with the reserve requirements