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Liberty Bond Payments Surge as Government Receives Large Early Totals
Treasury reports show over 60 percent of the $2 billion Liberty Loan paid or credited ahead of schedule with $40 million due June 30. Early receipts, including certificates of indebtedness, totaled around $1.0 billion by June 20, while deposits spread across banks nationwide as McAdoo’s distribution plan moved funds to many institutions.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Meribers
Federal Reserve
McAdoo
Federal Reserve Banks
Liberty Joan Accourt
Treasury Department