Bankers Trust is nearly finished selling off the $3.4 billion in...

Bankers Trust is nearly finished selling off the $3.4 billion in stocks and bonds that were transferred to the U.S. Treasury Department from the District of Columbia Retirement Board on April 30. The sale should be completed before June 30, a Treasury Department spokesman said. Bankers Trust was the sole liquidation manager selected by the Treasury Department through a competitive bidding process based on technical ability, performance and price. Bankers Trust declined to discuss its fees; a Treasury Department spokesman couldn’t release that information.