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Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million 10 Noncheckable personal savings and time deposits Refer to the

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Type of Deposit Reserve Requirement Checkable Deposits $7.8 - 48.3 Million 3% Over $48.3 Million 10 Noncheckable personal savings and time deposits Refer to the accompanying table. If a bank has $50 million in savings deposits and $56 million in checkable deposits, then its required reserves are$5.6 million. $25 million. $5 million. C $10.6 million

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