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FEDERAL RESERVE BANK OF DALLAS
F IS C A L A G EN T O P T H E U N IT E D ST A T E S

Dallas, Texas, January 23, 1957

To Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:

There is quoted below a press statement issued today by the Treasury
Department:
“The Treasury Department today announced that it will sell an
additional $100 million of Treasury Bills with the issue which will
be bid for on January 28 and will be dated January 31. The total of
this issue will therefore be $1.7 billion.
“The purpose of the increase is to augment the Treasury’s oper­
ating balance during the current period of seasonally low tax
receipts.
“The Treasury will pay off from tax receipts $1 billion of Treas­
ury Bills due March 22, together with the $3.2 billion of tax antici­
pation certificates maturing on that date, both of which are
acceptable at face value in payment of income and profits taxes
due on March 15.”
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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