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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States r Circular No. 5 5 4 3 "1 L A ugust 31, 1964 Treasury to Increase Amount of Offerings of 3-Month Treasury Bills Maturing December 10-31 To All Incorporated Banks and Trust Companies, and Others Concerned, in the Second Federal Reserve District: The following statement was made public today by the Treasury Department: The Treasury announced today that it is advancing to Friday, September 4, its weekly auction o f Treasury bills because o f the Labor Day holiday on Monday, September 7. A t the same time the Treasury announced that it will increase the amount of 3-month Treasury bills included in this auction by $100 million. The total amount offered will be $1.3 billion maturing December 10, 1964 and $900 million maturing March 11, 1965. The Treasury further announced that it intends to increase by similar amounts of $100 million the succeeding three auctions of 3-month Treasury bills which will mature on December 17, 24 and 31, 1964. The corresponding weekly offerings of 6-month bills are expected to remain at $900 million. The decision to increase the amount of these offerings o f 3-month bills was made in order to meet the heavy seasonal demand fo r December maturities which has already resulted in com paratively low interest rates for the issues outstanding on those dates. A lfred H ayes, President. 19 14 FIFTIETH ANNIVERSARY 19 6 4 J
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