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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
May 09, 1960
Page
11
AP analysis notes US gold reserves exceed 19 percent of $19 billion while foreign holdings could drain gold if converted. Bank of New York letter explains 1958 drain due to recession and deficits. later in 1959-60 tighter policy and higher rates slowed outflow.
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