U.S. Treasury officials met with market participants at the New York Fed on September 22 to discuss whether the government should lend its excess cash into the overnight repo market. However, the Treasury did not announce any repo lending plans, specific amounts, or timelines at the meeting, noting that discussions are still ongoing. The Treasury's cash balance is expected to approach $1 trillion by the end of September and could reach approximately $1.05 trillion in late October, but this funding is not specifically earmarked for repo lending.