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Treasury Resumes Sales of State and Local Government Series Securities

FOR IMMEDIATE RELEASE

August 2, 2019

WASHINGTON -- The U.S. Department of the Treasury is resuming the sale of State and Local Government Series (SLGS) nonmarketable Treasury securities, effective August 5, 2019, at 12:00 noon ET.

The Treasury Department suspended the sales of SLGS on March 1, 2019, to assist Treasury's management of the debt subject to limit.

On August 2, 2019, President Trump signed into law H.R. 3877 (the Bipartisan Budget Act of 2019), which suspends the debt limit through July 31, 2021, allowing the Bureau of the Fiscal Service to begin accepting subscriptions for new issues of SLGS securities.

The SLGS program began in 1972 to assist state and local government entities in complying with IRS arbitrage regulations. The securities are not available to the general public.

For more information on SLGS, see http://www.treasurydirect.gov/govt/resources/faq/faq_slgs.htm