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To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. October 29, 2007 Treasury Announces Market Financing Estimates Washington- Treasury announced today its current estimates of net marketable financing for the October – December 2007 and January – March 2008 quarters:
During the July – September 2007 quarter, Treasury borrowed $105 billion of net marketable debt, finishing with a cash balance of $75 billion at the end of September. In July 2007, Treasury announced net marketable borrowing of $73 billion, assuming an end-of-September cash balance of $60 billion. The increase in borrowing was primarily the result of lower receipts, lower net issuances of State and Local Government Series securities, and adjustments in cash balances. Since 1997, the average absolute forecast error in net borrowing of marketable debt for the current quarter is $12 billion and the average absolute forecast error for the end-of-quarter cash balance is $9 billion. Similarly, the average absolute forecast error for the following quarter is $33 billion and the average absolute forecast error for the end-of-quarter cash balance is $11 billion. Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 a.m. on Wednesday, October 31. -30- REPORTS |
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