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Treasury Running Out of Cash, Announces 64-Day CMB In Addition To Usual Weekly Bill Offerings

Apparently seeing revenues falling well short of forecasts, the US Treasury today announced a surprise $20 billion Cash Management Bill (CMB). This bill was not included in the TBAC (Treasury Borrowing Advisory Committee)  forecast schedule posted just last week. The simultaneously announced regular 6 month bill was $1 billion above the TBAC forecast. Here are the details.

CUSIP: 9127955J6
Term and Type: 64-Day Bill
Offering Amount: $20,000,000,000
Auction Date: 02/14/2012
Issue Date: 02/15/2012
Maturity Date: 04/19/2012
PDF version of the announcement
XML version of the announcement

CUSIP: 9127955N7
Term and Type: 13-Week Bill
Offering Amount: $33,000,000,000
Auction Date: 02/13/2012
Issue Date: 02/16/2012
Maturity Date: 05/17/2012
PDF version of the announcement
XML version of the announcement

CUSIP: 9127956B2
Term and Type: 26-Week Bill
Offering Amount: $31,000,000,000
Auction Date: 02/13/2012
Issue Date: 02/16/2012
Maturity Date: 08/16/2012
PDF version of the announcement
XML version of the announcement

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1 Comment

  1. howard in nyc

    what a quick turnaround. those increased withholding numbers you tracked had me worried i was missing the happy happy joy joy bandwagon.

    thanks for doing the heavy lifting, lee.

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