Responding to dispatches from Damascus, which reported that the Arab League’s office for the boycott of Israel had placed the Chase Manhattan Bank of New York on its blacklist, the bank issued a statement here this weekend, noting that it has acted as fiscal agent for Israel bonds since 1951. The statement declared:
“Since 1951, the Chase Manhattan Bank has acted as fiscal agent for Israeli bonds held by investors in the United States and abroad. This involves authenticating bonds and, together with other banks, disbursing principal and interest. Such fiscal agency functions are performed by banks throughout the world as part of their normal domestic and international business.
“There has been no change in Chase Manhattan’s functions with respect to Israeli bonds for the last 13 years. Since we have had no direct communication regarding the reported action, further comment would be inappropriate at this time.”
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