IIs the bank in compliance with these requirements?

Problem 13-5 (LG 13-4) 10 The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). 0.3 points Tuesday Wednesday Thursday 11th 12th 13th $460 $ 410 $ 440 Friday 14th $420 Monday 17th $440 Tuesday Wednesday Thursday Friday 18th 19th 20th 21th $460 $ 430 $420 $410 Monday 24th $400 Net transaction accounts The average daily reserves at the Fed for the 14-day reserve maintenance period have been $39.1 million per day, and the average vault cash for the computation period has been estimated to be $2 million per day. eBook a. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? b. Is the bank in compliance with the requirements? Print Complete this question by entering your answers in the tabs below. References Required A Required B What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (Enter your answer in millions rounded to 3 decimal places. (e.g., 32.161)) Average daily required reserves million Problem 13-5 (LG 13-4) 10 The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). 0.3 points Tuesday Wednesday Thursday 11th 12th 13th $460 $ 410 $ 440 Friday 14th $420 Monday 17th $440 Tuesday Wednesday Thursday Friday 18th 19th 20th 21th $460 $ 430 $420 $410 Monday 24th $400 Net transaction accounts The average daily reserves at the Fed for the 14-day reserve maintenance period have been $39.1 million per day, and the average vault cash for the computation period has been estimated to be $2 million per day. eBook a. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? b. Is the bank in compliance with the requirements? Print Complete this question by entering your answers in the tabs below. References Required A Required B What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (Enter your answer in millions rounded to 3 decimal places. (e.g., 32.161)) Average daily required reserves million