The Treasury Department announced today that it expects net borrowing of marketable debt to total $147 billion in the January March 2005 quarter. The estimated cash balance on March 31 is $10 billion. Today's estimate is unchanged from Treasury's announcement on November 1, 2004.
Treasury also announced that it expects net borrowing of marketable debt to total $12 billion in the April June 2005 quarter. The estimated cash balance on June 30 is $15 billion.
During the October December 2004 quarter, Treasury's net borrowing of marketable debt totaled $98 billion and the cash balance on December 31 was $25 billion. On November 1, Treasury announced that it expected net borrowing of marketable debt to total $100 billion with an estimated end-of-quarter cash balance of $25 billion.
Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 A.M. on Wednesday, February 2.