Full text of Federal Reserve Bank of New York Circulars : 4432. Treasury Financing

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FED ERAL R E SE R V E BANK
OF NEW YORK
Fiscal Agent of the United States
r Circular No.

L

4432*1
March 4, 1957
J

T R E A S U R Y FIN A N C IN G

To A ll Banlcing In stitution s, and O thers Concerned,
in th e Second Federal R eserve D is tr ic t:

The follow in g statement was made public today by the T reasury
D epartm ent:
The Treasury is giving consideration to raising $2 to $3 billion of
additional funds through a cash offering o f securities later this month. The
offering o f new securities will probably be made about March 18th, for
payment on or about March 28th.
The amount and terms o f securities to be issued will not be finally deter­
mined until after the usual meetings with advisory committees next week.




A

lfred

H

ayes,

President.