The Treasury Department yesterday said it will raise $8.998 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $46 billion to refund $37.002 billion in maturing securities.
To be sold are $24 billion 91s, dated Feb. 14 and due May 15, and $22 billion 182s, dated Feb. 14 and due Aug. 14.
Federal Reserve banks hold $14.568 billion of maturing bills in their own accounts, all of which may be refunded.
Also maturing is an estimated $9 billion of publicly held four-week Treasury bills, the disposition of which will be announced Feb. 11.
