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Question 4 Using the data from table 1 and 2 and other given assumpt.pdf

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The bank needs to calculate its liquidity position based on legal reserve requirements for checking accounts of 3% and anticipating $1,000 in new consumer loans. To determine the needed liquidity position, the bank uses data from Tables 1 and 2 and other assumptions given.

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Question 4: Using the data from table 1 and 2 and other given assumptions, calculate the bank's liquidity position based on the following information? Assuming that the legal resorve requirements for checking accounts are 3% and the bank is anticipatin make $1,000 in new loans to consumers, what is the bank's needed liquidity position? Input your answer in the x,xxX (no dollar sign) format and round to the nears whole dollar.

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