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federal Reserve bank of Da llas F IS C A L A G E N T O F T H E U N IT E D S T A T E S D A L L A S ,T E X A S 7 5 2 2 2 Circular No. 7^-160 June 11, 197k To All Banking Institutions and Others Concerned in the Eleventh Federal Reserve District: Quoted below is the text of a statement issued by the Treasury Department pertaining to the weekly offering of Treasury bills: AMOUNT OF TREASURY BILLS OFFERED IN WEEKLY AUCTIONS In today's announcement of the weekly auction of Treasury bills to be held on June 17, the amount of bills offered is continued at $200 million more than the amount that is maturing. The total of bills offered is being continued at $U .5 billion because a foreign central bank will be bidding for $200 million of bills in that auction and in each of the following nine weekly auctions. The purpose of the bank's entry into the bill auctions is to achieve a better balance between its holdings of special Treasury issues and marketable Treasury issues. Additional copies of this letter are available on request. Enclosed are tenders for the weekly bills to be auctioned on June 17. 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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