U.S. to Borrow $37 Billion to Refill Coffers : Financing: The funds raised in the three debt auctions next week will be $1 billion more than the government borrowed in August.

The Treasury Department plans to borrow $37 billion from the public next week in a series of debt auctions to replenish government coffers, it was announced Tuesday.

“We are offering $37 billion of notes and bonds to refund $23.1 billion of privately held notes maturing on Nov. 15 and to raise approximately $13.9 billion of cash,” Undersecretary Jerome H. Powell told a news conference.

Powell also said the current $4.145 trillion national debt limit will have to be raised “by the second half of March.” The debt now is above $3.9 trillion.

The funds raised in the three auctions next week will be $1 billion more than the government borrowed at its August refinancing auctions, but less than the record $38 billion sold in August and November of 1991.

Powell said the auctions will offer:

* $15.5 billion in three-year notes in minimum denominations of $5,000 on Monday.

* $11.25 billion in 10-year notes in minimum denominations of $1,000 on Tuesday.

* $10.25 billion in 30-year bonds in minimum denominations of $1,000 on Nov. 12. The 52-week bill auction scheduled for Nov. 12 was postponed until Nov. 17.

The Treasury estimated last week that its net borrowing need for the October-December quarter at $87 billion and, for the first quarter of 1993, $65 billion to $70 billion.

The first-quarter borrowing assumes that Congress will not approve additional money for the savings and loan bailout program before early next year, which would prevent significant spending during the period ending in March, Powell said.