The U.S. Department of Treasury is planning to raise $5 billion through the sale of reopened 56-day bills, The Wall Street Journal reports. The bills were previously issued on Nov. 18, 2010. The debt will mature on May 19, 2011. Amounts bid by the Federal Reserve banks for their own account will be in addition to the public offering amount. The Federal Reserve holds $6.285 billion of maturing securities for its own account.
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