(Archived Content)
*To view the Sources and Uses Table, visit *link Washington , D.C. – **The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the January – March 2012 and the April - June 2012 quarters:
- During the January – March 2012 quarter, Treasury expects to issue $444 billion in net marketable debt, assuming an end-of-March cash balance of $30 billion.This borrowing estimate is $97 billion lower than announced in October 2011.More than half of the decrease is due to relative changes in the opening and end-of-quarter balances; the actual end-of-December balance was $26 billion higher, while the estimated end-of-March balance is $30 billion lower.Higher receipts and lower outlays account for the majority of the remaining decrease.
- During the April - June 2012 quarter, Treasury expects to issue $200 billion in net marketable debt, assuming an end-of-June cash balance of $90 billion. During the October - December 2011 quarter, Treasury issued $310 billion in net marketable debt, and ended the quarter with a cash balance of $86 billion. In October 2011, Treasury estimated $305 billion in net marketable borrowing and assumed an end-of-December cash balance of $60 billion. The higher cash balance was driven primarily by higher-than-projected receipts and lower outlays. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 9:00 a.m. on Wednesday, February 1, 2012. ###