Question: Gwynn s Island Building and Loan Association estimates the following information

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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