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What is the expaination of this BANK X THE FED BANK Y +Overdrafts +Overdrafts, Bank X +reserves, Bank Y +reserves +Deposits, Person B -Overdrafts, Bank

What is the expaination of this

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BANK X THE FED BANK Y +Overdrafts +Overdrafts, Bank X +reserves, Bank Y +reserves +Deposits, Person B -Overdrafts, Bank X -reserves, Bank Y +Fed Funds, due to Bank Y +Fed Funds, due from Bank X -Overdrafts -reserves

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