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The average daily net transaction accounts of a local bank during the most recent reserve computation period tu 36 milion The amount of average daily
The average daily net transaction accounts of a local bank during the most recent reserve computation period tu 36 milion The amount of average daily reserves at the Fed during the reserve maintenance period is $25.70 million, and the average daily vault corresponding to the maintenance period is $5.2 million a. Under the rules effective in 2013, 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Under the rules effective in 2013, what is the average daily reserve balance required to be held by the bank dur a the maintenance period? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 deces. (e.g. 32.161)) Average daily reserve required 22.403 million
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