Full text of Federal Reserve Bank of New York Circulars : 6304. Treasury Bill Offering of $1.8 Billion

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FEDERAL RESERVE BANK
OF N EW YORK
Fiscal Agent of the United States

jC ir c u la r N o. 6304
M a r c h 18, 1 9 6 9

To A ll Incorporated Banks and Trust Companies, and Others
Concerned, in the Second Federal R eserv e D istrict:

The following statement was made public today by the Treasury Department:
TREASURY BILL OFFERING OF $1.8 BILLION

The Treasury announced today that a total of $1.8 billion will be added to
six outstanding weekly series of Treasury bills.

These are the series which

mature May 8 to June 12, 1969, inclusive. They will be reopened in the amount
of $300 million each — a total of $1.8 billion.

The auction will be on Tuesday, March 25, with payment on March 31. In
this "s t r ip " offering, subscribers will put in for equal amounts of each of the
six

series

purchases

of bills being reopened. Commercial banks may pay for their own
and for their custom ers’ purchases by crediting Treasury tax and

loan accounts.

The public notice and the tender form s for this "s tr ip " offering will be
mailed tomorrow.




Alfred Hayes,
President.