Annual report of the Secretary of the Treasury on the state of the finances for the year .. . Govt Accounts 1 Federal Reserve -^ ^ | Banks. PrivateNonbank Investors y, ^Individuals W//////.-. — ///////y Corps. Savings Institutions y//////A /r^ All Other ^^^ 16 1975 REPORT OF THE SECRETARY OF THE TREASURY sluggish economy, inflation, and the rise in interest rates. At thistime, the Treasury was meeting some of its new cash needs throughadditions to weekly bill auctions. Except for paydowns in two weeklyauctions in September, the additions ranging from $100 milli
Annual report of the Secretary of the Treasury on the state of the finances for the year .. . Govt Accounts 1 Federal Reserve -^ ^ | Banks. PrivateNonbank Investors y, ^Individuals W//////.-. — ///////y Corps. Savings Institutions y//////A /r^ All Other ^^^ 16 1975 REPORT OF THE SECRETARY OF THE TREASURY sluggish economy, inflation, and the rise in interest rates. At thistime, the Treasury was meeting some of its new cash needs throughadditions to weekly bill auctions. Except for paydowns in two weeklyauctions in September, the additions ranging from $100 million to$800 million were continued through the end of the fiscal year. About$ billion of new money was raised through additions to regularweekly and monthly bill offerings. To help meet seasonal cash needs, the Treasury announced on July 18that it would auction $ billion of 44-day tax anticipation bills onAugust 1 for payment on August 7. The bills were due September 20and commercial banks were allowed to pay for their own and theiraccepted tenders by crediting Treasury tax and loan accounts. Biddingfor the tax bills was aggressive. Total tender
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Keywords: ., bookcentu, bookdecade1870, booksubjectfinancepublic, bookyear1876
