Let $p$ be an odd prime such that $p \equiv 3\;{\rm mod}\;4$ and $n$ be an odd integer. In this paper, two new families of $p$-ary sequences of period $N = \frac{p^n-1}{2}$ are constructed by two decimated $p$-ary m-sequences $m(2t)$ and $m(dt)$, where $d = 4$ and $d = (p^n + 1)/2=N+1$. The upper bound on the magnitude of correlation values of two sequences in the family is derived using Weil bound. Their upper bound is derived as $\frac{3}{\sqrt{2}} \sqrt{N+\frac{1}{2}}+\frac{1}{2}$ and the family size is 4N, which is four times the period of the sequence.