The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions).

	Tuesday 11th			Wednesday 12th			Thursday 13th			Friday 14th			Monday 17th			Tuesday 18th			Wednesday 19th			Thursday 20th			Friday 21th			Monday 24th
Net transaction accounts	$	490		$	440		$	470		$	450		$	470		$	490		$	460		$	450		$	440		$	430

The average daily reserves at the Fed for the 14-day reserve maintenance period have been $40.2 million per day, and the average vault cash for the computation period has been estimated to be $3 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?

The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Tuesday Wednesday 11th 12th $490 $ 440 Thursday 13th $470 Friday 14th $450 Monday 17th $470 Tuesday Wednesday 18th 19th $490 $460 Thursday 20th $450 Friday 21th $440 Monday 24th $430 Net transaction accounts The average daily reserves at the Fed for the 14-day reserve maintenance period have been $40.2 million per day, and the average vault cash for the computation period has been estimated to be $3 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. Required A Required B 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.g., 32.161)) Average daily required reserves million Required A Required B > The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Tuesday Wednesday 11th 12th $490 $ 440 Thursday 13th $470 Friday 14th $450 Monday 17th $470 Tuesday Wednesday 18th 19th $490 $460 Thursday 20th $450 Friday 21th $440 Monday 24th $430 Net transaction accounts The average daily reserves at the Fed for the 14-day reserve maintenance period have been $40.2 million per day, and the average vault cash for the computation period has been estimated to be $3 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. Required A Required B 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.g., 32.161)) Average daily required reserves million Required A Required B >