The average daily reserves at the Fed for the 14 day reserve maintenance period have been $40 2 million per day, and the average voult cash for the computation period has been estimated to be $3 million per day, EXAMPLE 13 2 Computation of Dally Average Required Reserves Convider ABC Bank's reserve manager, who wants to ausess the bank's minimum cash reserve mquirement target The manager knows the bank's net traniaction accounts balance at the close of the lanking day on each of the 14 days over the period Tuenday Juse 30, to Mondry Jaly 13 Consider the realized net transaction account positions of ABC Bank in Table 13 25 The minimum daily werage reserves that a bank muda maintain is computed as a percentage of the daily averago net transaction accounts held by the bank over the two week computation period, where Fridry's balances are carried over for Saturdiay and Sunday The misimum deily averape for ABCB ank to hold againut the daily average of $1,350 70 million in nct transaction accounts fis cakculated as follows (amounts in millions) Daily averape net traniaction accouots x Reserve percentage Daily avenge reserves required a What is the amount of the average doily required reserves to be held by the bank during the maintenance period b Is the bank in compliance with the requirements 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 dally required reserves to be held by the bank during the maintenance period (Do not round your intermediate calculations, Enter your answer in millions rounded to 3 decimal places (e 9 32 161)) 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 compllance with the requirements Complete this question by entering your answers in the tabs below Is the bank in compliance with the requirements

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The average daily reserves at the Fed for the 14 day reserve maintenance period have been $40 2 million per day, and the average voult cash for the computation period has been estimated to be $3 million per day, EXAMPLE 13 2 Computation of Dally Average Required Reserves Convider ABC Bank's reserve manager, who wants to ausess the bank's minimum cash reserve mquirement target  The manager knows the bank's net traniaction accounts balance at the close of the lanking day on each of the 14 days over the period Tuenday  Juse 30, to Mondry  Jaly 13  Consider the realized net transaction account positions of ABC Bank in Table 13 25  The minimum daily werage reserves that a bank muda maintain is computed as a percentage of the daily averago net transaction accounts held by the bank over the two week computation period, where Fridry's balances are carried over for Saturdiay and Sunday  The misimum deily averape for ABCB ank to hold againut the daily average of $1,350 70 million in nct transaction accounts fis cakculated as follows (amounts in millions)  Daily averape net traniaction accouots x Reserve percentage   Daily avenge reserves required a  What is the amount of the average doily required reserves to be held by the bank during the maintenance period  b  Is the bank in compliance with the requirements  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 dally required reserves to be held by the bank during the maintenance period  (Do not round your intermediate calculations, Enter your answer in millions rounded to 3 decimal places  (e 9  32 161)) 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 compllance with the requirements  Complete this question by entering your answers in the tabs below  Is the bank in compliance with the requirements

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The average daily reserves at the Fed for the 14-day reserve maintenance period have been $40.2 million per day, and the average voult cash for

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