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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)