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The average dally net transaction accounts of a local bank during the most recent reserve computation period is $342 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $26.30 million, and the average dally vauit cash corresponding to the maintenance period is $5.7 million. EXAMPLE 13-2 Computation of Dally Average Required Reserves Consider ABC Bank's reserve 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 Tuesday. June 30 , to Monday, July 13. Consider the realized net transaction account positions of ABC Bank in Table 13-25. The minimum daily avenge reserves that a bank mott maintain is compoted as a pereentage of the drily average net transaction accounts held by the bank over the two-week computation period, where Friday's balances are carried over for Saturday and Sunday. The minimum duily average for ABC Bank to hold against the daily average of $1,350.70 million in net transaction accounts is calculated as follows (amounts in millions): Daily average net transaction accounts x Reserve percentage = Daily avenge reserves required a. Under the rules effective in 2020 , what is the average daily reserve balance required to be held by the bank during the maintenance period? b. Is the bank in compliance with the reserve requirements? Complete this question by entering your answers in the tabs below