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F E D E R A L R E S E R V E BA N K O F N E W YORK Fiscal Agent of the United States r Circular No. 4 8 3 4 "1 U December 30, 1959 J TREASURY FINANCING To A ll Incorporated Banks and Trust Companies, and Others Concerned, in the Second F ederal R eserve D istrict: The following statement was made public today by the Treasury Department: The Treasury announced today the offering o f $2,000 million, or thereabouts, o f an additional amount o f Treasury tax anticipation bills dated October 21, 1959, and to mature June 22, 1960. These bills will be issued on January 8, 1960, and will constitute an addi tion to the $2,002 m illion o f such bills now outstanding, which were originally issued on October 21, 1959. The additional bills, as well as the original bills, w ill be acceptable at par in payment o f income and profits taxes due June 15, 1960. The $2,000 m illion o f additional bills will mature 166 days from issue date. They w ill be offered fo r cash on an auction basis to cover the current requirements o f the Treasury. The bills may be paid fo r by credit in Treasury Tax and Loan Accounts. Tenders fo r the Treasury tax anticipation bills w ill be received at the Federal Reserve Banks and Branches up to the closing hour o f 1:30 o ’clock p.m., Eastern Standard time, on Tuesday, January 5, 1960. A ll subscribers to this issue o f Treasury bills are required to agree not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other disposition o f the Treasury bills fo r which tenders are submitted under this offering, until after the closing hour fo r tenders on January 5. F u ll details regarding the offering o f these additional tax anticipation Treasury bills are being released at this time. T rea su ry b ills m a tu ring January 15, 1960 The Treasury also plans to issue $1,500 million, or thereabouts, o f one-year Treasury bills on January 15, 1960, fo r cash or in exchange fo r the $2,006 m illion o f Treasury bills which mature on that date. The new bills will also be issued on an auction basis, and tenders fo r such bills will be received on January 12, 1960. Payment fo r these bills cannot be made by credit in Treasury Tax and Loan Accounts. F u ll details regarding the offering o f the bills to be issued on January 15, 1960, will be released next week. A lfred H ayes, President.
@FedFRASER