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federal

Re se r v e b a n k o f Da l l a s

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^-112
April 23, 197^

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:

TENDERS OF OFFICIAL ACCOUNTS IN TREASURY BILL AUCTIONS
In future Treasury bill auctions, beginning with the
auction of April 29, maturing bills held by Government
accounts and by Federal Reserve Banks, for themselves and
as agents for foreign monetary authorities, may be exchanged
for the new issues at the average prices of competitive bids.
The amount of bills held by those accounts will be
included in the announcements of auctions.

Additional copies of this letter are available on request.
closed are tenders for the weekly bills to be auctioned on April 29.

EnĀ­

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)