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5/5/2020 Treasury Announces Marketable Borrowing Estimates U.S. DEPARTMENT OF THE TREASURY Press Center Treasury Announces Marketable Borrowing Estimates 2/2/2015 View the Sources and Uses Table here . WASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the January – March 2015 and April – June 2015 quarters: During the January – March 2015 quarter, Treasury expects to issue $155 billion in net marketable debt, assuming an end-of-March cash balance of $100 billion. This borrowing estimate is $54 billion lower than announced in November 2014. The decrease in borrowing relates primarily to changes in cash balance assumptions and lower outlays [1]. During the April – June 2015 quarter, Treasury expects to pay down $7 billion in net marketable debt, assuming an end-of-June cash balance of $150 billion. During the October – December 2014 quarter, Treasury issued $227 billion in net marketable debt and ended the quarter with a cash balance of $223 billion. In November 2014, Treasury had estimated $232 billion in net marketable debt and assumed an end-ofDecember cash balance of $200 billion. The decrease in borrowing was driven primarily by a lower financing need and more cash from all other sources, partially offset by a higher ending cash balance. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, February 4, 2015. ### [1] October - December Quarter Cash Balance Assump ons Prior Current January - March Quarter Change Prior Current Change Opening Balance $158 $158 $0 $200 $223 $23 Closing Balance $200 $223 $23 $100 $100 $0 $42 $65 $23 -$100 -$123 -$23 Impact on Borrowing https://www.treasury.gov/press-center/press-releases/Pages/jl9756.aspx 1/2 5/5/2020 Treasury Announces Marketable Borrowing Estimates https://www.treasury.gov/press-center/press-releases/Pages/jl9756.aspx 2/2
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