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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Office Correspondence To Chairman Eccles From Richard A« Misgrave Date JU» 12,191a Subject: Debt Retirement V>\l\tU Mr* Rouse phoned and said that Kft% Wiggins had mentioned to him that some moderate amount of funds might be available later in the month for debt retirement. Mr. Rouse suggested that it might be better to make the payments on the bills maturing on June 26 rather than on those maturing June 29 since in the latter week there -will be a drain on the market from payment of tax funds • The probable amount of bill retirement m i l be 200 million dollars or less* Yfe all agreed that the 29th was a preferable date and this, of course, is completely within the recommendations expressed in the Committee1s letter•
