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News Brief

June 11, 1998
See Original Daily Bulletin From This Date

Auditors investigating accounts in Swiss banks that have remained dormant since the end of World War II will need the rest of the year to complete their work, according to the independent committee overseeing the search. The delay comes as a result of the “widely disbursed and incomplete documentary record” remaining from the war years, said the Volcker committee, named for its chairman, former Federal Reserve Chairman Paul Volcker.

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