Unibank needs to review its liquidity position. According to the head of the division the following information applies:

1. Existing liquid assets (eg. government securities, CDs, BAB) on the balance sheet: $30 million;
2. Credit limit in the money market: $5 million;
3. Existing available cash on the balance sheet: $3 million;
4. Cash on balance sheet utilised in terms of existing daily operations and in terms of minimum regulatory reserve cash requirements: $1 million (part of the 3 million existing cash on the balance sheet); and
5. Funds borrowed from the central bank with rediscounting facility: 1.5 million

You are required to use the information above to calculate the net liquidity level of the bank and also provide conclusions about your calculation.