Some multinational corporations and banks run recruiting Talent Programs that offer about two years of diversified rotations in various business units. This recruiting system is a great opportunity to experience a breadth of roles across a business. Before taking over a fixed position in the marketing team, there is a rotation to the Finance Department. Particularly you were assigned to the Treasury Team, whose functions are cash management and funding. Your mentor is a seasoned senior analyst who has 7-year working experience at the Corporation ABC. She will be involved in your training and will give you feedback on the projects you will participate. 1. Depositary Institutions: Banks Commonly, corporations are clients of well-established banks. However, some small banks offer higher than average interest rates to attract deposits of big corporations. In the outbreak of the health crisis, Ocaso Bank, a small local bank manages about 3% of ABC total deposits. Your mentor requires you to analyze the recently published Balance Sheet of Ocaso Bank. The relevant Central Bank has a mandatory reserve requirement of 14 percent. Based on Ocaso Bank balance sheet, answer the following: (5 points each question; total of 10 points) a) What is the size of the required reserves of Ocaso Bank? b) If ABC decided to withdraw its $ 10 million deposits held at Ocaso bank, is the size of Ocaso's excess reserve account enough to meet the withdrawal? Assets Liabilities & Equity Reserves $49 million Deposits S 190 million Loans $200 million Borrowed Funds $ 30 million Securities $51 million Bank Capital S 80 million Total Assets $300 million Total Liabilities & Equity S 300 million