Question

Gwynn’s Island Building and Loan Association estimates the following information regarding this institution’s reserve position at the Federal Reserve for the reserve maintenance period that begins today (Thursday):

Calculated required daily average legal reserve balance.............. = $760 million
A loan received by the Fed's discount window a week ago that comes due on Friday (day 9) = $70 million
Planned purchases of U.S. Treasury securities on behalf of the association and its customers:
Tomorrow (Friday) .......................... = $80 million
Next Wednesday (day 7) ...................... = $35 million
Next Friday (day 9) ......................... = $18 million



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  • CreatedOctober 31, 2014
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