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Federal Reserve bank of Da llas FISCAL AGENT OF THE UNITED STATES DALLAS. TEXAS 75222 C i r c u l a r No. 70-35 F e b ru a ry 1 6 , 1970 TREASURY CASH FINANCING To A l l B anking I n s t i t u t i o n s and O th ers Concerned i n th e E le v e n th F e d e r a l R eserv e D i s t r i c t : T here i s q u o te d below a p r e s s s ta te m e n t is s u e d F r i d a y , F e b ru a ry 13 } by t h e T r e a s u ry D epartm ent i n r e g a r d t o c u r r e n t f i n a n c i n g : TREASURY ANNOUNCES FINANCING PLANS The T r e a s u ry to d a y announced p la n s t o r a i s e a d d i t i o n a l ca s h by a $100 m i l l i o n i n c r e a s e i n t h e r e g u l a r w eekly s i x month b i l l i s s u e s , a $200 m i l l i o n i n c r e a s e i n t h e r e g u l a r m o nthly o n e -y e a r b i l l i s s u e s , and by i s s u i n g an a d d i t i o n a l $ 1 ,7 5 0 m i l l i o n o f A p r i l Tax A n t i c i p a t i o n B i l l s . The i n c r e a s e in t h e s ix -m o n th b i l l s from $ 1 .2 b i l l i o n t o $ 1 .3 b i l l i o n w i l l s t a r t w ith th e i s s u e o f F e b r u a ry 2 6 w hich w i l l be a u c t io n e d F r id a y , F e b ru a ry 2 0 . The o n e -y e a r b i l l s w i l l be i n c r e a s e d from $ 1 .0 b i l l i o n t o $ 1 .2 b i l l i o n s t a r t i n g w ith t h e i s s u e o f F e b ru a ry 2 8 , th e a u c t i o n o f w hich w i l l be h e l d T u esd ay , F e b ru a ry 2 k . The T re a s u ry h as n o t y e t d e te rm in e d how lo n g t h e s e i n c r e a s e s w i l l be c o n tin u e d . The A p r i l Tax B i l l w i l l be a u c t io n e d on Wednesday, F e b ru a ry 2 5 . A d d i t i o n a l d e t a i l s w i l l be announced n e x t week. These o f f e r i n g s a r e e x p e c te d t o c o v e r t h e T r e a s u r y 's c a s h re q u ire m e n ts f o r M arch. A d d i t i o n a l c a s h w i l l be r e q u ir e d e a r l y i n A p r i l . O f f i c i a l announcem ents and t e n d e r form s f o r th e r e g u l a r w eek ly b i l l o f f e r i n g a r e e n c l o s e d , and a d d i t i o n a l c o p ie s w i l l be f u r n i s h e d upon r e q u e s t . The o t h e r t e n d e r form s w i l l be m a ile d a s announced by th e T r e a s u ry D epartm ent and c l o s e a t t e n t i o n s h o u ld be g iv e n t o t h e c l o s i n g tim e s s p e c i f i e d on th e o f f i c i a l fo rm s . Yours very truly, P . E . C o ld w e ll President E n c lo s u re s This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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