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Fed to offer term deposits in Feb 23 test operation

WASHINGTON (Reuters) - The Federal Reserve said on Thursday it will offer term deposits on Feb 23 as part of a series of tests which it plans to continue through similar operations in each quarter of 2017.

For details on the operation, see here:

https://www.federalreserve.gov/newsevents/press/monetary/20170216a.htm

(Reporting by Jason Lange; Editing by Chizu Nomiyama)

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