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TREASURY DBPARTMEHT Washington FOR IMMEDIATE RELEASE, jy, March ^, 1947 Press Service No. Sf In response to inquiries received at the Treasury today, Secretary Snyder announced that no changes in the interest rate policy of the Government at this time are under contemplation. I He cautioned against any interpretation of recent nev/spaper articles indicating that a rise ir> rates is imminent. He said that all phasoa of debt management are under constant study by the Treasury and that there has been no change A in the policy announced by the President in his Budget Message that "interest rates will be kept at present low levels through continued cooperation of the Treasury Department and the Federal Reserve System.n The carried outmethods byunder constant study in interest rate with the be technical are also which the Government's collaboration policy Federal Reservi Boayd and others interested in the subject. fPhe Secretary stated that the Treasury is alert to the Government bond market and the effect of its financing on bank reserves and the needs of different classes of investors. oQo