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3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury Treasury Announces Marketable Borrowing Estimates October 29, 2018 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 the October – December 2018 and January – March 2019 quarters: During the October – December 2018 quarter, Treasury expects to borrow $425 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $410 billion. The borrowing estimate is $15 billion lower than announced in July 2018. The decrease in borrowing is driven primarily by changes in cash balance assumptions.[2] During the January – March 2019 quarter, Treasury expects to borrow $356 billion in privately-held net marketable debt, assuming an end-of-March cash balance of $320 billion. During the July – September 2018 quarter, Treasury borrowed $353 billion in privately-held net marketable debt and ended the quarter with a cash balance of $385 billion. In July 2018, Treasury estimated privately-held net marketable borrowing of $329 billion and assumed an end-of-September cash balance of $350 billion.2 The increase 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, October 31, 2018. ### [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/sm535 1/2 3/19/2020 Treasury Announces Marketable Borrowing Estimates | U.S. Department of the Treasury [2] https://home.treasury.gov/news/press-releases/sm535 2/2
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