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Savings Bonds Sales Down II Pct in December
The Treasury cites reduced sales and higher redemptions as it raises rates on U.S. savings bonds to curb inflation risk. December 1965 sales fell 11 percent from a year earlier, despite 3 percent interest, as competitors lure savers to higher yields in banks and savings institutions.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW _YORK (AP
U.S
U.S. Treasury
Mutual Savings Banks
Savings and Loan Associations