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 Treasury Announces Marketable Borrowing Estimates


5/2/2011
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Washington, D.C. -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the April – June 2011 and the July – September 2011 quarters:
 
  • During the April – June 2011 quarter, Treasury expects to issue $142 billion in net marketable debt, assuming an end-of-June cash balance of $95 billion, which includes $5 billion for the Supplementary Financing Program (SFP).  This borrowing estimate is $156 billion lower than announced in January 2011.  The decrease in borrowing largely relates to higher receipts and lower outlays.
 
  • During the July – September 2011 quarter, Treasury expects to issue $405 billion in net marketable debt, assuming an end-of-September cash balance of $115 billion, which includes $5 billion for the SFP.
 
During the January – March 2011 quarter, Treasury issued $265 billion in net marketable debt, and ended the quarter with a cash balance of $118 billion, of which $5 billion was attributable to the SFP.  In January 2011, Treasury estimated $237 billion in net marketable borrowing and assumed an end-of-March cash balance of $65 billion, which included an SFP balance of $5 billion.  The higher cash balance resulted primarily from higher receipts and lower outlays.
 
Additional financing details relating to Treasury’s Quarterly Refunding will be released at 9:00 a.m. on Wednesday, May 4, 2011.
 
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