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FEDERAL RESERVE BANK OF DALLAS
F I S C A L A G E N T O F T H E U N IT E D S T A T E S

Dallas, Texas, April 14, 1954

PRELIMINARY ANNOUNCEMENT
T A X ANTICIPATION SERIES-TREASURY BILLS

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 a special offering of Treasury bills:
“ The Treasury announced today that on Friday, April 16, cash tenders will
be invited for $1.0 billion of Treasury tax anticipation bills. Tenders will be
received up to 2 p.m. on Wednesday, April 21, with payment to be made on
Tuesday, April 27. The bills may be paid for by credit in Treasury Tax and Loan
Accounts. They will mature on Friday, June 18, but will be accepted at face value
in payment of income and profits taxes due on June 15, 1954.
“ The $1.5 billion of Tax Anticipation Bills issued on March 22 which will
mature on June 24 will also be accepted in payment of income and profits taxes
due on June 15, 1954; thus making the total amount of Treasury bills to be
paid off out of June tax receipts, $2.5 billion.”
The formal invitation for tenders and forms will be placed in the mail as soon as
available so as to reach all banking institutions in time for tenders to be submitted by
April 21, the date on which they will be accepted.
Yours very truly,
WATROUS H. IRONS

President

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

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