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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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