The Treasury Department yesterday said it will raise $6.997 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $41 billion to refund $34.003 billion of maturing securities. To be sold are $21 billion of 91s, dated Dec. 13 and due March 13, 2008, and $20 billion of 182s, dated Dec. 13 and due June 12, 2008.Federal Reserve banks hold $16.933 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. 10.
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