WASHINGTON - The Treasury Department said today it will pay down $1.998 billion at its weekly auction of 91-day and 183-day discount bills Monday by selling $33 billion to refund $34.998 billion in maturing securities.
To be sold are $18 billion 91s, dated May 13 and due Aug. 12, and $15 billion 183s, dated May 13 and due Nov. 12.
Federal Reserve Banks hold $16.496 billion of maturing bills in their own accounts, all of which may be refunded.
Also maturing is an estimated $10 billion of publicly held four-week Treasury bills the disposition of which will be announced May 10.
