Full text of Federal Reserve Bank of New York Circulars : 5430. Treasury Announces Schedule for Regular Weekly Bill Auctions During Holiday Season

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FE D E R A L R E S E R V E BANK
OF NEW YORK
Fiscal Agent of the United States

I" Circular N o. 5 4 3 0 ' 1
December 16, 1963 J

L

Treasury Announces Schedule for Regular Weekly Bill Auctions
During Holiday Season

To All Incorporated Banks and Trust Companies, and Others Concerned,
in the Second Federal Reserve D istrict:

The follow ing statement was made public today by the T reasu ry D ep artm en t:

The Treasury announced that its next regular weekly bill auction will be held on
Friday, December 20, instead of Monday, December 23. The holiday on Christmas Day requires
the shift in order to maintain the normal number of business days between the auction and
the payment date, which remains Thursday, December 26.
The same pattern will apply the next week, because New Year’s Day occurs between the
auction and payment date. Tenders will be invited on Monday, December 23, instead of Wednes­
day, December 25, and the auction will be on Friday, December 27, instead of Monday, Decem­
ber 30. The payment date will remain Thursday, January 2.
For the following weekly bill auction, the New Year’s Day holiday will require a change
in the announcement date from Wednesday, January 1, to Tuesday, December 31. The auction
date will remain Monday, January 6, and the payment date will remain Thursday, January 9.




A

lfred

H

ayes,

President.