BANKING & FINANCE - March 29, 1996

Treasury to Resume Full Auction Schedule: The Treasury, armed with a debt-limit extension, announced plans to resume its full schedule of government securities auctions Monday. The announcement follows congressional passage of legislation increasing the federal debt limit to $5.5 trillion, four months after the Treasury reached the previous cap of $4.9 trillion. President Clinton is expected to sign the bill today. The Treasury will sell $30 billion in nine-day cash management bills Monday, in addition to its weekly auction of $27 billion in three- and six-month bills. It also plans to auction nearly $18.8 billion in 52-day bills Tuesday. It will also sell $18.3 billion in two-year notes April 8 and $12 billion in five-year notes April 9.