The average dally reserves at the Fed for the 14 -day reserve maintenance penod have been $38.6 million per day, and the average valt cash for the computation period has been estimated to be $2 miltion per day. EXAMPLE 13-2 Computation of Dally Average Requiled Reerves Coovider ABC Bank's neverve manager, who wants to assess the bunk's minimum eash recerve requirement target, The manager knows the bank's net transsetion accouats batance at the close of the banking diny on each of the 14 days over the period Toevdiy. June 30, to Monday, Jaly 13. Consider the relized net inasistion account ponitions of ABC Bank in Table 13-25. The minimum dally average reserves that a bank mult maintain is conpuled as of percentage of the daily menge net tramection accounts helis by the bank ower the two week minimain daily averige for ABCB ank to hold againat the daily average of $1,350.70 miltion in net tranaction accounts is calailated as follows (anounts in millions): Deily averset net - What is the amount of the overope daily iequired reserves to be held by the bank ouring the maintenance period? b. Is the bank in complaoce with the requirements? Complete this question by entering your answers in the tabs below. What is the amount of ue average daly required rocirves to be held by the bank during the maintenance period) (bo not The average daily reserves at the Fed for the 14-day reserve maintenance period have been $3.8.6 million per day, and the average valt cash for the computation period has been estimated to be $2 milion per day. EXAMPLE 13-2 Computatton of Dally Average Required Reserves Coesider ABC Bank's reserve manager, who wants to assess the bank's minimum cauh reserve requirement tanget. The manoger knows the bank's net transaction accounts bal: ance at the close of the banking day on each of the 14 days over the period Tuesday, June 30, to Monday, July 13. Consider the realined net tmasection account positions of ABC Bank in Table 13-25. The minimam daily average reserves that a bank meds maintain is computed as a percentage of the daily avenge net transaction accounts held by the bank over the two-wock computation period, where Friday's balances awe carried over for Saturday and Senday. The minimum daily avenge for ABC Bank to bold against the daily arenger of 51,350,20 miltion in net tnataction axcousts is cakculated as follows (amounts in million): Daily average nst 0. What is the amount of the average dally 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. Is the bank in compliance with the requirements