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The Fed named 2 Japan firms as primary dealers.

December 12, 1986

Daiwa Securities America and Nomura Securities International, the U.S. units of two of Japan's biggest securities firms, were among the five companies added to the Federal Reserve Bank of New York's list of primary dealers of U.S. government securities. The others were Security Pacific National Bank, L. F. Rothschild, Unterberg, Towbin and Thomson McKinnon Securities. The five bring to 40 the number of primary dealers that must meet certain Fed criteria, including trading volume and mix of clientele.

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