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3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury Treasury Announces Marketable Borrowing Estimates January 28, 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 January – March 2019 and April – June 2019 quarters: During the January – March 2019 quarter, Treasury expects to borrow $365 billion in privately held net marketable debt, assuming an end-of-March cash balance of $320 billion. The borrowing estimate is $8 billion higher than announced in October 2018. The increase in borrowing is driven primarily by a lower than previously assumed opening cash balance. [2] During the April – June 2019 quarter, Treasury expects to borrow $83 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $300 billion. During the October – December 2018 quarter, Treasury borrowed $426 billion in privately-held net marketable debt and ended the quarter with a cash balance of $402 billion. In October 2018, Treasury estimated privately-held net marketable borrowing of $425 billion and assumed an end-of-December cash balance of $410 billion.[2] The slight 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, January 30, 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/sm593 1/2 3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury [2] https://home.treasury.gov/news/press-releases/sm593 2/2
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