In this paper we investigate the squeezing of a finite-bandwidth optical field which may be thought of as originating from Einstein-Podolsky-Rosen-(EPR-) like quantum correlations between the upper and lower sidebands. Ordinarily, when EPR pairs are created from such a resource, the bandwidth is preserved, and the signal-to-noise ratio of the quadrature correlations is reduced. Here we show that by using frequencydependent beam splitters we may create N EPR pairs from a single finite-bandwidth squeezed beam with no reduction in the correlations's signal-to-noise ratio. However, the bandwidth is reduced by a factor of N relative to the original squeezed beam. Because this transformation is linear it may be inverted to retrieve the single squeezed beam from the corresponding N EPR pairs.