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XYZ Bank is trying to maintain their reserve requirements. During their reserve computation window, they had the following average transaction account data (values in millions):
XYZ Bank is trying to maintain their reserve requirements. During their reserve computation window, they had the following average transaction account data (values in millions): De mand balances Cash items in Transactiofrom other U. Vault cash Date process of collection Accounts banks Tue., Aug. 9 thru $2,230 $285 $91 $45 Mon., Aug. 22 They are now at the last day of their reserve maintenance window (Wed., Sept. 21), and have the following historical balances at their Federal Reserve Bank: Deposit balance at the Federal Reserve Bank Date Thur., Sept. 8 Fri., Sept.9 Mon., Sept. 12 Tue., Sept. 13 Wed., Sept. 14 Thur., Sept. 15 Fri., Sept. 16 Mon., Sept. 19 Tue., Sept. 20 127 124 128 $136 121 130 121 127 131 What would need to be their closing balance on Sept. 21 at their FRB in order to maintain their required reserves? XYZ Bank is trying to maintain their reserve requirements. During their reserve computation window, they had the following average transaction account data (values in millions): De mand balances Cash items in Transactiofrom other U. Vault cash Date process of collection Accounts banks Tue., Aug. 9 thru $2,230 $285 $91 $45 Mon., Aug. 22 They are now at the last day of their reserve maintenance window (Wed., Sept. 21), and have the following historical balances at their Federal Reserve Bank: Deposit balance at the Federal Reserve Bank Date Thur., Sept. 8 Fri., Sept.9 Mon., Sept. 12 Tue., Sept. 13 Wed., Sept. 14 Thur., Sept. 15 Fri., Sept. 16 Mon., Sept. 19 Tue., Sept. 20 127 124 128 $136 121 130 121 127 131 What would need to be their closing balance on Sept. 21 at their FRB in order to maintain their required reserves
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