FINANCIAL AND BANKING NEWS

INVESTMENT ACTIVITIES

OPEC Members Accelerate Withdrawal of US Treasuries

Figures recently published by the Bank of England in the August issue of its Quarterly Bulletin indicate that OPEC member states are accelerating their withdrawal of funds held in US government paper. According to the Bank of England's estimates, OPEC withdrawals in the fourth quarter of 1986 have been revised upward from $0.7bn to $2.3bn and during the first quarter of l987 the rate...