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LUNDGREN’S FED TURN: Terry Lundgren, chairman, president and chief executive offer of Macy’s Inc., was named to the board of the Federal Reserve Bank of New York. He will serve out the rest of GE ceo Jeffrey Immelt’s term, which ends Dec. 11. But he won’t be the only retailer helping to guide the bank. James Tisch, president and ceo of Loews Corp., also sits on the board.