The Federal Reserve Board said Friday that it would consider on Wednesday the application by Norwest Corp. of Minneapolis to acquire Wells Fargo & Co. of San Francisco.

The central bank is expected to approve the deal, which would create a $200 billion-asset banking company with 2,800 branches in 21 states. The deal was announced June 8.

To secure approval, the companies have agreed to divest more than $1 billion of deposits in Arizona and Nevada, where the two used to compete.

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