FROM THE OFFICE OF PUBLIC AFFAIRS August 2, 1999LS-37 The Treasury Department announced on Monday that its net market borrowing for the July – September 1999 quarter is estimated to be a paydown of $11 billion with a cash balance of $45 billion on September 30. The Treasury also announced that net market borrowing for the October – December 1999 quarter will be approximately $65 billion with a cash balance of $80 billion on December 31. In the quarterly announcement of its borrowing needs on Actual net market borrowing for the April - June 1999 quarter resulted in a paydown of $113.8 billion with an end-of-quarter cash balance of $53.1 billion. On May 3, the Treasury estimated market borrowing for the January - March quarter to be a paydown of $116 billion with an end-of-quarter cash balance of $55 billion on June 30. The decrease in the paydown and the cash balance are the result of a slight reduction in receipts relative to the forecast. The regular quarterly Press Conference will be held at |
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