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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 8/4/2014 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 July – September 2014 and October – December 2014 quarters: During the July – September 2014 quarter, Treasury expects to borrow $192 billion in net marketable debt, assuming an end-of-September cash balance of $150 billion. This borrowing estimate is $22 billion higher than announced in April 2014. The increase in borrowing relates primarily to lower receipts and changes in cash balance assumptions[1]. During the October – December 2014 quarter, Treasury expects to borrow $187 billion in net marketable debt, assuming an end-of-December cash balance of $140 billion. During the April – June 2014 quarter, Treasury paid down $64 billion in net marketable debt and ended the quarter with a cash balance of $139 billion. In April 2014, Treasury estimated a pay down in marketable debt of $78 billion assuming an end-of-June cash balance of $130 billion. The increase in borrowing was primarily driven by the higher ending cash balance and lower receipts. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, August 6, 2014. ### 1Cash Balance Assumptions April - June Quarter July - September Quarter Prior Current Change Prior Current Change Balance $142 $142 $0 $130 $139 $9 Closing Balance $130 $139 $9 $130 $150 $20 -$12 -$3 $9 $0 $11 $11 Opening Impact on Borrowing https://www.treasury.gov/press-center/press-releases/Pages/jl2597.aspx 1/2 5/5/2020 Treasury Announces Marketable Borrowing Estimates https://www.treasury.gov/press-center/press-releases/Pages/jl2597.aspx 2/2
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