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Q 5 City Bank has estimated that its average daily demand deposit balance over the recent 14-day computation period was
Posted: Sun Jun 05, 2022 10:06 am
by answerhappygod
- Q 5 City Bank Has Estimated That Its Average Daily Demand Deposit Balance Over The Recent 14 Day Computation Period Was 1 (46.29 KiB) Viewed 25 times
Q 5 City Bank has estimated that its average daily demand deposit balance over the recent 14-day computation period was $225 million. The average daily balance with the Fed over the 14-day maintenance period was $11 million, and the average daily balance of vault cash over the two-week computation period was $7 million. a. Under the rules effective in 2004, what amount of average daily reserves is required to be held during the reserve maintenance period for these demand deposit balances?