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Savings bond changes affect six jobs | TribLIVE.com
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Savings bond changes affect six jobs

The Pittsburgh branch of the Federal Reserve Bank of Cleveland will move a half-dozen savings bond employees into other jobs in early January, due to the end of payroll-deduction plans for buying the savings instruments.

The Pittsburgh Fed branch, located on Grant Street, is the only Federal Reserve site that prints savings bonds.

The Treasury Department is discontinuing the payroll deduction program for savings bond purchases on Jan. 1.

The Pittsburgh bank will continue printing and processing savings bonds purchased at financial institutions, activity which accounts for most of the 325 jobs at the local Fed branch, said spokeswoman June Gates.


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