You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

US anticipates borrowing a record $117 bln in Oct-Dec [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
Infinite Velocity Donating Member (21 posts) Send PM | Profile | Ignore Tue Nov-04-03 11:10 PM
Original message
US anticipates borrowing a record $117 bln in Oct-Dec
Advertisements [?]
FROM THE OFFICE OF PUBLIC AFFAIRS

November 3, 2003
JS-966

TREASURY ANNOUNCES MARKET FINANCING ESTIMATES

The Treasury Department announced today that it expects net borrowing of marketable debt to total $117 billion in the October December 2003 quarter. The projected cash balance on December 31 is $35 billion. In the last quarterly announcement on July 28, 2003, Treasury announced that it expected net borrowing to total $126 billion with an end-of-quarter cash balance of $45 billion. This decrease is due to higher receipts and lower outlays. The lower projected cash balance on December 31 offsets the lower cash balance at the beginning of the quarter and therefore does not impact net marketable borrowing this quarter.

Treasury also announced that it expects net borrowing of marketable debt to total $160 billion in the January March 2004. The projected cash balance on March 31 is $20 billion.

During the July September 2003 quarter, Treasurys net marketable borrowing totaled $82 billion and the cash balance on September 30 was $35 billion. On July 28, Treasury announced that it expected net marketable borrowing to total $104 billion with a cash balance of $45 billion. The decrease in borrowing is primarily attributable to higher receipts, lower outlays, and the lower end-of-quarter cash balance, partially offset by lower net issues of State and Local Government Series securities.

Additional financing details relating to Treasurys Quarterly Refunding will be released at 9:00 A.M. on Wednesday, November 5.

http://www.treas.gov/press/releases/js966.htm

Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC