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Fiscal Agent of the United States

f Circular No. 5 1 3 I T
L January 3, 1962

Treasury to Raise $1^4 to $ 1 % Billion New Cash in January

To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:

The following statement was made public today by the Treasury
The Treasury will receive tenders on Tuesday, January 9, 1962, for
$2 billion, or thereabouts, of Treasury bills to be dated January 15, 1962, and
to mature on January 15, 1963. The proceeds of these bills will be used to pay
off $1

billion of one-year Treasury bills which come due on January 15, 1962,

and to supply the Treasury with $500 million of new cash to meet in part its
current cash requirements. The customary invitation for tenders to these bills
is being issued today.
In addition to the $500 million of new cash to be raised in this auction, the
Treasury will announce during the latter part of next week the sale for cash of
additional Treasury securities amounting to about $1 to $ l1 billion.
The cash to be borrowed in these operations will, it is estimated, in the
absence of any unforeseen developments, meet the Treasury’s cash requirements
until the latter part of March.

Tender forms for the one-year bills are enclosed for those on our mail­
ing lists to receive Treasury bill offering circulars.






Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102