The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). The average daily reserves at the Fed for the 14-doy reserve maintenance period have been $33.5 milion per day. and the average vaut cash for the computation period has been estimated to be $2 mitlion per day. EXAMPLE 13-2 Computation of Dally Average Required Reserves Consider ABC Bank's resege manager, who wants to ossess the bank'i minimum caith reserve requirement targe. The manager knows the bank's net tranuction accoments bal. ance at the close of the bunking dey on each of the 14 days over the period Twesulay. Jane 30, to Monday, July 13. Convider the malieed net trimaction account positions of ABC Hant in Thale 1325. pererntape of the duly asenge oct thansaction accousts facld by the tunk over the two work minimam delly average for ABC Bank to hold spains the duly a cree of (51,450.70 million Daily average of 0. What is the amount of the average daily required reserves to be held by the bank duting the maintenance period? b. Is the bank in compliance with the requirements? 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. What is the amount of the average dally required reserves to be heldzy the bank during the maintenance period? (Do not round your intermediate calculations. Enter your answer in millions ryended to 3 decimal places. (e.932.161)) 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