The Treasury Department said yesterday it will raise $7 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $38 billion to refund $31 billion of maturing securities.

To be sold are $20 billion of 91s, dated Jan. 17 and due April 17, and $18 billion of 182s, dated Jan. 17 and due July 17.

Federal Reserve banks hold $12.568 billion of maturing bills in their own accounts, all of which may be refunded.

Also maturing is an estimated $20 billion of publicly held four-week Treasury bills, the disposition of which will be announced Jan. 14.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.