3. First National Bank of Belle Mead has forecast its checkable deposits, time and sav. ings deposits, and commercial and household loans over the next eight months. The resulting estimates (in millions) are shown below. Use the sources and uses of funds approach to indicate which months are likely to result in liquidity deficits and which in liquidity surpluses if these forecasts turn out to be true. Explain carefully what you The Huuuuuu would do to deal with each month's projected liquidity position. Commercial Loans Consumer Loans Time and Savings Deposits $550 500 650 650 700 500 Checkable Deposits $120 115 100 90 105 BO 90 100 January February March April May June July August $160 230 210 175 160 200 700 485 465 490 525 515 710 700 700 675 175 150