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Ajcongress Plans Appeal to Force Treasury Department to Disclose Arab Dollar Holdings in the U.S.

The American Jewish Congress says it will appeal a federal district court ruling that upheld a Treasury Department refusal to disclose records showing the dollar holdings of Saudi Arabia Kuwait and the United Arab Emirates in the United States.

In a decision handed down October 26, Judge Barrington Parker of the U.S. District Court for the District of Columbia held that the Treasury Department was not required to divulge such information. But he agreed that the Jewish organization was probably correct in charging that the OPEC countries were being given “special preferential treatment.”

Announcement of the appeal was made by Joel Levy, a Washington, D. C. attomey and vice president of AJCongress, who filed the original suit on behalf of the organization.

The Jewish public affairs agency charged that the growing size of Arab investment in this country is of “particular concern” because of the “concomitant increase in the influence by these countries over American foreign policy in the Middle East.”