FOR IMMEDIATE RELEASE                           2001-131


        Securities and Exchange Commission Statement
               On Treasury Long Bond Situation


     Washington, DC, November 6, 2001 – The Securities and
Exchange Commission today issued the following statement:

     “Following a referral from the Department of the
Treasury, we have initiated an investigation into the
circumstances surrounding the announcement of the Treasury’s
decision to end its 30-year bond offerings.”  Enforcement
Division Director Stephen Cutler added:  “In keeping with
our responsibilities to ensure the integrity of the nation’s
securities markets, we will vigorously pursue this matter.
During the course of this investigation, we will decline to
comment further.”




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