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FEDERAL RESERVE BANK OF DALLAS
FISCAL AGENT OF THE UNITED STATES

Dallas, Texas, Jane 27,1955

To all Banking Institutions and Others Concerned
in the Eleventh Federal Reserve D istrict:
There is quoted below a press statement issued today by the Treasury
Department:
“ The Treasury announced that as part o f its current plans for
raising new cash for its seasonal needs in the fiscal year beginning
July 1st it will increase the weekly issue o f Treasury Bills to be
dated July 7th by $100,000,000 to $1,600,000,000. Tenders fo r these
bills will be opened on Friday, July 1st, because o f the Monday,
July 4th holiday. There are $1,501,000,000 o f Treasury Bills which
mature on July 7th.
“ It is expected that details o f further financing will be an­
nounced during the week beginning July 4th.”
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)


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