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FED ERAL RE SE R V E BANK
OF NEW YORK
F isca l A gent of the United States

r Circular N o. 4 2 4 1 1
L
June 27, 1955
J

TREASURY FINANCING

To All Banking Institutions, and Others Concerned,
in the Second Federal Reserve D istrict:

The following statement was made public today:
The Treasury announced that as part of its current plans for raising
new cash for its seasonal needs in the fiscal year beginning July 1st it will
increase the weekly issue of Treasury bills to be dated July 7th by $100,000,000
to $1,600,000,000. Tenders for these bills will be opened on Friday, July 1st,
because o f the Monday, July 4th holiday. There are $1,501,000,000 of
Treasury bills which mature on July 7th.
It is expected that details of further financing will be announced during
the week beginning July 4th.




A

llan

S

proul,

President.