The average daily net transaction accounts of a local bank during the most recent reserve computation period is $623 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $35.76 million, and the average daily vault cash corresponding to the maintenance period is $14.01 million. Is this bank in compliance with reserve requirements? Yes, the bank has excess daily reserves of $11.71 million. No, the bank is short on daily reserves by $9.17 million. No, the bank is short on daily reserves by $12.56 million. Yes, the bank has excess daily reserves of $2.45 million. No, the bank is short on daily reserves by $4.36 million