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FEDERAL RESERVE BANK OF D A L L A S
FISCA L AGENT OF THE UNITED STATES
DALLAS. TEXAS 7 5 2 2 2

Circular No. 68-1^7
June 26, 1968

To All Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:
There is quoted below a press statement issued today by the Treasury
Department in regard to current financing:

TREASURY BORROWING PLANS
The Treasury Department announced today that it will
raise $U.O billion through the sale of Tax Anticipation
bills maturing in March and April of 1969 •
bills will
be auctioned on Tuesday, July 2, for delivery and payment
on Thursday, July 11. Of the $4.0 billion total, $2.0
will mature on March 2 k , 1969j and $2.0 will mature on
April 22, 1 9 6 9 . Commercial banks will be able to pay for
the Tax Anticipation bills by crediting Treasury Tax and
Loan accounts.
The Treasury also announced that it plans to continue
adding $100 million each week to the weekly sales of 6month bills.
This weekly addition will probably continue
through the current cycle, which will be completed with the
bills to be delivered October 10.

Official announcements and tender forms for the Tax Anticipation bills
are enclosed, and additional copies will be furnished upon request. Tend'
ers should be forwarded in distinctively marked envelopes to reach this
bank or appropriate branch before the closing time, twelve-thirty p.m.,
Central Daylight Saving Time, Tuesday, July 2, 1 9 6 8 .

Yours very truly,
P. E. Coldwell
President
Enclosures

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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