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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

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$400$350$380$360$380$400$370$360$350$340

The average daily reserves at the Fed for the 14-day reserve maintenance period have been $33.5 million per day, and the average vault cash for the computation period has been estimated to be $2 million per day.

A. 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.

Average daily required reserves__________ million

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