FINEWS-U.S. Treasury to sell bills at Fed's request

NEW YORK (Thomson Financial) - The U.S. Treasury Department said on Wednesday it may begin auctioning Treasury bills at the Federal Reserve's request under a special program to help the U.S. central bank manage its balance sheet. 'The program will consist of a series of Treasury bills, apart from Treasury's current borrowing programs, which will provide cash for use in the Federal reserve initiatives,' Treasury said. For more details please click on [ID:nWAT010064] Reuters Messaging rm://[e-mail] Chuck Mikolajczak cm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.