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3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury Treasury Announces Marketable Borrowing Estimates April 29, 2019 View Sources and Uses Table WASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for April – June 2019 and July – September 2019 quarters: During the April – June 2019 quarter, Treasury expects to borrow $30 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $270 billion. The borrowing estimate is $53 billion lower than announced in January 2019. The decrease in borrowing is driven by changes to projections of fiscal activity and cash balance assumptions.[2] During the July – September 2019 quarter, Treasury expects to borrow $160 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $85 billion. During the January – March 2019 quarter, Treasury borrowed $374 billion in privately-held net marketable debt and ended the quarter with a cash balance of $334 billion. In January 2019, Treasury estimated privately-held net marketable borrowing of $365 billion and assumed an end-of-March cash balance of $320 billion.2 The change in borrowing resulted from the higher end-of-quarter cash balance partially o set by higher net cash flows. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 1, 2019. ### [1] Privately-held net marketable borrowing excludes rollovers (auction “add-ons”) of Treasury securities held in the Federal Reserve’s System Open Market Account (SOMA), but includes financing required due to SOMA redemptions. https://home.treasury.gov/news/press-releases/sm672 1/2 3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury [2] https://home.treasury.gov/news/press-releases/sm672 2/2
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