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News Brief

August 3, 2001
See Original Daily Bulletin From This Date

The first payments were made from a historic 1998 settlement in which Swiss banks agreed to pay $1.25 billion to settle all claims surrounding Switzerland’s handling of Holocaust victims’ assets. The Claims Conference began making payments to 35,000 Jewish slave laborers in 36 countries, with each survivor receiving $1,000. The payments are in addition to those being made by a nearly $5 billion German slave-labor fund.

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