The average dally net transaction accounts of a local bank during the most recent reserve computation period is $345million. The amount of average dally reserves at the Fed during the reserve maintenance period is $26.60millilon, and the average daily vault cash corresponding to the maintenance period is $5.9 million. EXAMPLE 13-2 Computation of Dally Average Required Rescrves Consider ABC Bank's reserve manager, who wants to assess the bank's minimum cash reserve nequirement target. The manuger knows the bank's net transaction accounts balance at the clone of the banking diy oe each of the 14 days orer the period Tuesday, June 30, to Monday, July 13. Conisider the raltered net imansetion aceount positions of ABC Bank in Table 13-25. The minimum dilly menge recerves that a bant mate maintain is computed as a perrentage of the daily avenge net trancaction accounts held by the bank over the two-wolk compotation period, where Fridry's balances are carried over for Saturitay and Sunday. The minimum daily average for ABC Baek to hold againe the daily astrage of 51,350.70 million Daily averege net transaction accounts Reserve perceatage = Daily avenge menes mequind a. Under the rules effective in 2020, what is the average dally reserve balance required to be held by the bank during the maintenance period? b. Is the bank in complance with the reserve requirements? Complete this question by entering your answers in the tabs below. Under the rules effective in 2020, what is the average daily reserve balance required to be held by the bank during the maintenance period? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decirnal places (e.0,32.161)) Complete this question by entering your answers in the tabs below. Is the bank in complance with the reserve requirements