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The twelve Federal Reserve banks do all of the following except: They set the discount rate. They issue new currency and discard old, worn currency.

The twelve Federal Reserve banks do all of the following except:

They set the discount rate.

They issue new currency and discard old, worn currency.

They hold deposits for the banks in their district.

They issue, transfer, and redeem U

.

.

Treasury bonds, notes, and bills.

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