What is this savings bank's total required level of legal reserves? How much must the bank hold on a daily average basis with the Federal Reserve bank in its district?
  

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12. R, W, & B Savings Bank and Trust Co. has calculated its daily average depos vault cash holdings for the most recent two-week computation period as follo Net transaction deposits = $ 81,655,474 Nonpersonal time deposits under 18 months to maturity = $147,643,589 Eurocurrency liabilities Daily average balance in vault cash = $ 5,840,210 = $ 1,002,031 Suppose the reserve requirements posted by the Board of Governors of the Reserve System are as follows: Net transaction accounts: $7.8 to $48.3 million More than $48.3 million Nonpersonal time deposits: Less than 18 months 18 months or more Eurocurrency liabilities-all types 3% 10% 3% 0% 3% What is this saving bank 12. R, W, & B Savings Bank and Trust Co. has calculated its daily average depos vault cash holdings for the most recent two-week computation period as follo Net transaction deposits = $ 81,655,474 Nonpersonal time deposits under 18 months to maturity = $147,643,589 Eurocurrency liabilities Daily average balance in vault cash = $ 5,840,210 = $ 1,002,031 Suppose the reserve requirements posted by the Board of Governors of the Reserve System are as follows: Net transaction accounts: $7.8 to $48.3 million More than $48.3 million Nonpersonal time deposits: Less than 18 months 18 months or more Eurocurrency liabilities-all types 3% 10% 3% 0% 3% What is this saving bank

Answer rating: 100% (QA)

Based on the image the required reserve ratio for net transaction accounts that are more than 4... View the full answer