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The Economy

May 04, 1999

At the close of business Aug. 31, the federal government will shutter its 37 offices that sell Treasury securities to walk-up customers. To purchase the securities, investors will have to place orders over the phone or through the Internet. Closing the sales offices will save the government about $5 million a year.

For the Record
Los Angeles Times Wednesday May 5, 1999 Home Edition Business Part C Page 3 Financial Desk 2 inches; 63 words Type of Material: Correction
Treasury purchases--A Briefly item in Tuesday's Business section failed to mention that after the federal government closes its 37 walk-in sales offices for Treasury securities as of Sept. 1, investors still will be able to place their orders by mail, in addition to over the phone or on the Internet. The Treasury Department plans to open within a few years three automated customer call centers--in Boston, Minneapolis and Dallas--to handle orders.

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