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Please show work Lathrop Bank and Trust Co. has calculated its daily average deposits and vault cash holdings for the most recent two-week computation period

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Lathrop Bank and Trust Co. has calculated its daily average deposits and vault cash holdings for the most recent two-week computation period as follows:

Net transaction deposits = $ 85,500,380 Nonpersonal time deposits under 18 months to maturity = $ 171,483,005 Eurocurrency liabilities = $ 7,213,406 Daily average balance in vault cash = $ 1,894,026

Suppose the reserve requirements posted by the Board of Governors of the Federal Reserve System are as follows:

Net transaction accounts: $10.5 to $57.6 million 3% More than $57.6 million 10% Nonpersonal time deposits: Less than 18 months 3% 18 months or more 0% Eurocurrency liabilities-all types 3%

a. What is this savings bank's total required level of legal reserves?

b. How much must the bank hold on a daily average basis with the Federal Reserve bank in its district?

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