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EST 1917

News Brief

August 14, 1998
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The exact timetable under which Holocaust survivors will receive payments from the $1.25 billion settlement involving Swiss banks remains unclear. The banks’ initial disbursement of $250 million will come after a U.S. federal judge involved in obtaining the settlement grants his approval to the deal. While survivors cite their advanced age in calling for a prompt schedule of payments, they hailed what they described as a historic agreement — as have Jewish officials in the United States and abroad.

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