FROM THE OFFICE OF PUBLIC AFFAIRS To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. November 1, 2004 Treasury Announces Market Financing Estimates The Treasury Department announced today that it expects net borrowing of marketable debt to total $100 billion in the October – December 2004 quarter. The estimated cash balance on December 31 is $25 billion. In the last quarterly announcement on August 2, 2004, Treasury announced that it expected net borrowing to total $122 billion with an estimated end-of-quarter cash balance of $35 billion. Lower borrowing estimates are primarily due to lower outlays and a change in cash balance assumptions. Treasury also announced 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. During the July – September 2004 quarter, Treasury's net marketable borrowing totaled $89 billion and the cash balance on September 30 was $36 billion. On August 2, Treasury announced that it expected net marketable borrowing to total $89 billion with an estimated end-of-quarter cash balance of $35 billion. Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 A.M. on Wednesday, November 3. REPORTS |
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