Question 19 (5 points); Queen Savings is attempting to determine its liquidity requirements today (the last day in August) for the month of September. This thrift institution has analyzed its deposit accounts thoroughly and classified them as explained below. Management has elected to hold 85% reserve in liquid assets or borrowing capacity for each dollar of hot money deposits, 25% reserve behind vulnerable deposits, and 5% reserve for its holdings of core funds. Assume time deposits carry a zero percent reserve requirement and all checkable deposits carry 3% reserve requirement. Queen currently has total loans outstanding of $2,500 million, and expects that its loans to grow to $2,600 million. Find the estimates for Queen's total liquidity requirement for September. Millions of Dollars Checkable Deposits Time Deposits Hot money funds 110 1,400 Vulnerable funds 165 740 Stable (core) funds 185 440