Prudent commercial bank is trying to estimate the liquidity requirements today (last day of February) for the month of March. Assume legal reserve requirements are 5% Currently the bank's total deposits are 5000 million and are expected to grow by 8 percent during the month of March. The bank has estimated that 20% of the total deposits are hot money deposits, 30% are vulnerable deposits and the rest are stable (core) deposits The liquidity manager would like to keep a liquidity reserve of 80% for hot money, 35% liquidity reserve for vulnerable deposits and 10% liquidity reserve for core deposits Currently the bank's total loans are at 4000 million. The bank expects a 200 million reduction in the level of loans during March. Estimate the Liquidity Requirement for Prudent Commercial Bank for March. Select one: a. 1481