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 TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES


7/31/2017
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WASHINGTON -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the July – September 2017 and October – December 2017 quarters:
 
  • During the July – September 2017 quarter, Treasury expects to borrow $96 billion in net marketable debt, assuming an end-of-September cash balance of $60 billion.  The borrowing estimate is $2 billion lower than announced in May 2017.
 
  • During the October – December 2017 quarter, Treasury expects to borrow $501 billion in net marketable debt, assuming an end-of-December cash balance of $360 billion.
 
During the April – June 2017 quarter, Treasury borrowed $35 billion in net marketable debt and ended the quarter with a cash balance of $181 billion.  In April 2017, Treasury estimated net marketable borrowing of $26 billion and assumed an end-of-June cash balance of $200 billion.[1]  The increase in borrowing was driven primarily by lower receipts.
 
Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, August 2, 2017.
 
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