Treasury Resumes Sales of State and Local Government Series Securities

FOR IMMEDIATE RELEASE

December 16, 2021

WASHINGTON -- The U.S. Department of the Treasury is resuming the sale of State and Local Government Series (SLGS) nonmarketable Treasury securities, effective December 16, 2021 at 4:00 PM ET.

The Treasury Department suspended the sales of SLGS on July 30, 2021, to assist Treasury's management of the debt subject to limit.

On December 16, 2021, President Biden signed into law S.J. Res. 33, legislation that increased the debt limit by $2.5 trillion, 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