Question: Suppose that a thrift institution's liquidity division estimates that it holds $19 million in hot money deposits and other IOUs against which it will hold an 80 percent liquidity reserve, $54 million in vulnerable funds against which it plans to hold a 25 percent liquidity reserve, and $112 million in stable or core funds against which it will hold a 5 percent liquidity reserve. The thrift expects its loans to grow 8 percent annually; its loans currently total $117 million but have recently reached $132 million. If reserve requirements on liabilities currently stand at 3 percent, what is this depository institution's total liquidity requirement?