About 50 banks in and around Boston-practically all the large banks in the area – have agreed to cooperate in an automatic Israel Bond plan, a system designed to facilitate purchase of Israel bonds in the United States. The plan provides that depositors authorize their banks to deduct specified sums each month toward the purchase of the Israel bonds.
The arrangement facilitates bond purchases, both for those who do not have sufficient ready cash to buy bonds immediately and those who have already bought them and would like to make additional purchases. In either case, the bank deducts the authorized amount each month and forwards a cashier’s check to the local Israel bond office. The bond is then mailed to the purchaser.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
