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The average daily reserves at the Fed for the 14-day reserve maintenance period have been $35.7 million per day, and the average vault cash for
The average daily reserves at the Fed for the 14-day reserve maintenance period have been $35.7 million per day, and the average vault cash for the computation period has been estimated to be $4 million per day. a. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? b. Is the bank in compliance with the requirements? Complete this question by entering your answers in the tabs below. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (Enter your answer in millions rounded to 3 decimal places. (e.9., 32.161)) Is the bank in compliance with the requirements? The average daily reserves at the Fed for the 14-day reserve maintenance period have been $35.7 million per day, and the average vault cash for the computation period has been estimated to be $4 million per day. a. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? b. Is the bank in compliance with the requirements? Complete this question by entering your answers in the tabs below. What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (Enter your answer in millions rounded to 3 decimal places. (e.9., 32.161)) Is the bank in compliance with the requirements
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