Weekly T-Bill Auction To Raise $9B New Cash

The Treasury Department said yesterday it will raise $9.003 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $39 billion to refund $29.997 billion in maturing securities. To be sold are $20 billion 91s, dated Dec. 27 and due March 27, 2008, and $19 billion 182s, dated Dec. 27 and due June 26, 2008.Federal Reserve banks hold $14.015 billion of maturing bills in their own accounts, all of which may be refunded.Also maturing is an estimated $28 billion of publicly held four-week Treasury bills, the disposition of which will be announced Dec. 21.