Robertson State Bank decides to loan a portion of its reserves in the amount of $70 million

Question:

Robertson State Bank decides to loan a portion of its reserves in the amount of $70 million held at the Federal Reserve Bank to Tenison National Security Bank for 24 hours. For its part, Tenison plans to make a 24-hour loan to a security before it must return the funds to Robertson State Bank. Please show the proper accounting entries for these transactions. Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...