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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 11/4/2013 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 October – December 2013 and January – March 2014 quarters: During the October – December 2013 quarter, Treasury expects to issue $266 billion in net marketable debt, assuming an end-of-December cash balance of $140 billion. This borrowing estimate is $32 billion higher than announced in July 2013. The increase in borrowing relates primarily to an increase to the end-of-December cash balance assumption [1], offset by lower outlays and higher net issuance of state and local government securities (SLGS) due to the reopening of the SLGS subscription window. During the January – March 2014 quarter, Treasury expects to issue $265 billion in net marketable debt, assuming an end-of-March cash balance of $45 billion. During the July – September 2013 quarter, Treasury issued $197 billion in net marketable debt and ended the quarter with a cash balance of $88 billion. In July 2013, Treasury had estimated $209 billion in net marketable debt and assumed an end-of-September cash balance of $95 billion. The decrease in borrowing was driven by the lower ending cash balance and lower outlays. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, November 6, 2013. ### [1] Cash Balance Assumptions July - September Quarter Prior Current Change Prior October - December Quarter Current Change Opening Balance 135 135 0 95 88 -7 Closing Balance 95 88 -7 80 140 60 Impact on Borrowing -40 -46 -7 -15 52 67 https://www.treasury.gov/press-center/press-releases/Pages/jl2208.aspx 1/2 5/5/2020 Treasury Announces Marketable Borrowing Estimates https://www.treasury.gov/press-center/press-releases/Pages/jl2208.aspx 2/2
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