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resident was necessary.
The Secretary of the Treasury stated he needed an operating bal-. a nee—ready cash—of $3.5 billion at all times. As of January 15, J958, however, he did get by with an operating balance of only $1.7, billion, with the national debt standing at $274.1 billion.
Assuming that a $3.5 billion bahpfce is reasonable, it is interesting to look at Treasury estimates as to the tightest squeeze expected between now and June 30, 1959. That time is anticipated to come December 15, 1958, with the debt standing at $277.1 billion, and assuming that the Treasury would have die use of a $3.5 operating
51.2%