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Show Savings Bond Mark 20th Anniversary "The 20th year of the U. S. Savings Bond success story is being be-ing observed during 1961," Salt Lake county savings bonds chairman chair-man Frank Wardlaw said this, week. "During the first month of the year long observance sales of Series E and H savings bonds in this county amounted to $755,-641, $755,-641, he said, or "9.5 per cent of the county's 1961 sales goal." Overall state sales totaled $1,-698,465 $1,-698,465 during January up more than a quarter million over December, De-cember, it was announced by Frederick P. Champ, state bonds chairman. "During the past 20 years this program has not only played an important role in federal fed-eral financing, but it has become one of America's greatest savings institutions. Today, individual citizens hold more than $43 million mil-lion in savings bonds, an im pressive backlog of future purchasing pur-chasing power for the American citizen," he said. Mr. Champ pointed out that nationally the trend of increased sales and lower redemptions continued, that according to the Treasury figures the January increase in-crease of $141 million in the cash value of E and H bonds outstanding outstand-ing was the largest recorded since March, 1956. It has also been announced by the Treasury Department that William H. Neal at the request of Secretary Douglas Dillon, has agreed to continue as national director of the U. S. Savings Bonds Division. Secretary Dillon emphasized that the savings bonds program plays a basic role in the administration of public debt and affords an opportunity for every American citizen to participate directly in the sound management of the nation's finances. |