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federal

Reserve b a n k of Dallas

FISCAL AGENT OF THE UNITED STATES
DALLAS. TEXAS 75222

Circular No. 71-1^0
June 16, 1971

To All Banking Institutions and Others Concerned
in the Eleventh Federal Reserve District:
There is quoted below a press statement issued by the Treasury
Department today in regard to near-term financing plans:
TREASURY ANNOUNCES NEAR-TERM FINANCING FLANS
The Treasury announced today that it will raise about
$4.0 billion of cash through the auction of
billion of
6# 16-J month Treasury Notes and $1-3/4 billion of September
Tax Anticipation bills. The Treasury said that these auctions,
together with a continuation of the $100 million increase
in the weekly bills such as the one announced for next
Monday’s auction, are expected to meet its cash needs through
July.
The $ - j billion of 6$ Treasury Notes will be sold
2-7
at auction under competitive and noncompetitive bidding.
Tenders will be received until 1:30 P.M., EDST, on Tuesday,
June 22, 1971* Tenders at less than 99*76 will not be
accepted. The notes will be dated June 29, 1971* and
will mature November 15, 1972. Payment must be made on
Tuesday, June 29*
The $1-3/4 billion of September Tax Anticipation Bills
will be auctioned on Wednesday, June 30, for payment on
Tuesday, July 6. The bills vill mature September 21, 1971*
but may be used at face value in payment of Federal income
taxes due on September 1 5 .
Qualified depositaries may make payment for accepted
tenders for the notes and tax anticipation bills by credit
to Treasury Tax and Loan accounts.
The details of these offerings are being released
separately.
Tender forms and announcements giving details of the note auction will
be mailed on Thursday, June 17, 1971. Tender forms for the tax antici­
pation bills will be mailed on Friday, June 18, 1971.
Yours very truly,
P. E. Coldwell
President

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