The Average Daily Net Transaction Accounts of a Local Bank

The average daily net transaction accounts of a local bank during the most recent reserve computation period is $687 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $35.23 million,and the average daily vault cash corresponding to the maintenance period is $12.74 million. Is this bank in compliance with reserve requirements?

A) Yes,the bank has excess daily reserves of $2.45 million.
B) Yes,the bank has excess daily reserves of $11.71 million.
C) No,the bank is short on daily reserves by $12.56 million.
D) No,the bank is short on daily reserves by $4.36 million.
E) No,the bank is short on daily reserves by $9.17 million.