1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 14,779 $ 21,000 $ 84,536 $ 108,324 Financial Institution Account 0 0 0 0 Supplementary Financing Program 24,997 24,997 5,001 164,945 Tax and Loan Note Accounts (Table V) 2,012 1,954 1,973 1,996 Total Operating Balance 41,788 47,951 91,510 275,265 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash | ___________________________________________________________________________________________ | | | This | Fiscal | | Deposits | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) 120 557 3,411 Air Transport Security Fees 159 192 893 Commodity Credit Corporation programs 64 841 3,031 Customs and Certain Excise Taxes 54 2,345 12,561 Deposits by States: Supplemental Security Income 258 265 1,578 Unemployment 59 2,616 8,376 Education Department programs 269 3,083 10,717 Energy Department programs 56 541 2,846 Estate and Gift Taxes 51 1,118 6,922 Federal Reserve Earnings 0 5,760 30,288 Foreign Deposits, Military Sales 9 1,819 8,121 FTD's Received (Table IV) 2,767 43,735 219,887 Housing and Urban Development programs 40 238 1,023 Individual Income and Employment Taxes, Not Withheld 221 4,228 78,529 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 9 548 3,702 Postal Service 318 7,155 37,979 Public Debt Cash Issues (Table III-B) 8,457 617,717 3,132,351 Other Deposits: Medicare Premiums 106 1,785 9,150 Minerals Management Svc/Collections 167 595 2,875 Pension Benefit Guaranty Corp. 188 643 2,421 Total Other Deposits 460 17,192 201,992 Change in Balance of Uncollected Funds (closing balance $ -1) -1 -1 2 Transfers from Depositaries 5,916 109,593 550,017 Total Federal Reserve Account 19,288 819,544 4,314,228 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,974 109,631 549,129 Transfers from Federal Reserve Account (Table V) 0 0 903 Total Tax and Loan Note Accounts (Table V) 5,974 109,631 550,033 Total Deposits (excluding transfers) 19,345 819,582 4,313,340 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 24 835 13,849 Defense Vendor Payments (EFT) 1,956 28,727 157,676 Education Department programs 672 21,611 98,202 Energy Department programs 258 2,651 14,102 Federal Employees Insurance Payments 277 4,761 25,257 Fed. Highway Administration programs 61 2,043 16,189 Federal Salaries (EFT) 100 13,246 71,906 Food and Nutrition Service (misc) 221 6,919 35,634 Food Stamps 19 373 2,128 GSA programs 21 1,358 7,361 Health and Human Services Grants (misc) 763 8,197 40,394 Housing and Urban Development programs 161 5,510 27,582 Interest on Treasury Securities 0 32,122 78,693 Justice Department programs 18 1,216 6,973 Labor Dept. prgms (excl. unemployment) 77 1,220 6,288 Medicaid 455 20,314 107,634 Medicare 1,378 39,803 206,316 NASA programs 0 1,192 6,479 Postal Service Money Orders and Other 316 3,360 17,568 Public Debt Cash Redemp. (Table III-B) 658 442,559 2,757,029 Social Security Benefits (EFT) 14 47,195 235,048 Temporary Assistance for Needy Families (HHS) 46 1,400 8,166 Transportation Security Admin. (DHS) 26 170 872 Unemployment Insurance Benefits 428 13,959 67,000 Veterans Affairs programs 122 2,677 13,695 Other Withdrawals: Agency for Internat'l Development 137 1,024 4,692 Emergency Prep & Response (DHS) 77 673 3,982 Export-Import Bank 488 548 1,488 Federal Railroad Admin. 119 153 1,020 Federal Transit Admin. 78 783 4,811 HHS Deposit Fund Transfers to States 1/ 227 475 475 Interior 51 1,023 5,009 IRS Tax Refunds Business (EFT) 1,030 7,648 27,793 IRS Tax Refunds Individual (EFT) 13,691 99,242 120,135 National Highway Traffic Safety Admin 2 66 532 Pension Benefit Guaranty Corp. 433 453 2,186 State Department 53 531 3,457 TARP 37 3,422 14,408 Unclassified 1,014 23,181 164,815 Total, Other Withdrawals 17,436 165,885 524,776 Transfers to Depositaries 0 0 903 Total Federal Reserve Account 25,508 869,304 4,547,720 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,916 109,593 550,017 Total Withdrawals (excluding transfers) 25,508 869,304 4,546,817 Net Change in Operating Cash Balance -6,163 -49,722 -233,477 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions | ___________________________________________________________________________________________ | | | This | Fiscal | | Issues | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills: Regular Series 0 355,445 2,012,242 Cash Management Series 0 30,001 112,003 Notes 0 192,227 835,794 Bonds 8,000 25,797 82,449 Inflation-Protected Securities Increment -35 -836 1,830 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 204 1,323 Interest Increment 1 387 1,959 Government Account Series 232,922 4,412,049 20,562,878 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 1,500 State and Local Series 81 3,428 32,802 Other 552 11,694 57,341 Total Issues 241,532 5,030,396 23,702,147 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 0 338,443 2,380,298 Notes 0 84,360 262,356 Bonds 0 0 5,017 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 832 5,074 Government Account Series 234,468 4,426,405 20,415,356 Hope Bonds 0 0 0 Domestic Series 0 0 25 Foreign Series 0 0 1,000 State and Local Series 64 6,953 45,157 Other 553 11,970 57,626 Total Redemptions 235,126 4,868,964 23,171,908 Net Change in Public Debt Outstanding 6,406 161,432 530,239 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis | ___________________________________________________________________________________________ | | | This | Fiscal | | Transactions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) 241,532 5,030,396 23,702,147 Premium on New Issues 0 0 2,105 Discount on New Issues: Bills (-) 0 216 1,206 Bonds and Notes (-) 181 857 4,233 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 232,922 4,412,049 20,562,878 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 387 1,959 Inflation-Protected Securities Increment -29 -831 1,625 Total Public Debt Cash Issues Deposited in Federal Reserve Account 8,457 617,717 3,132,351 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 235,126 4,868,964 23,171,908 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 234,468 4,426,405 20,414,880 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 658 442,559 2,757,029 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public 2/$ 7,936,671 $ 7,928,696 $ 7,759,490 $ 7,551,862 Intragovernmental Holdings 4,503,397 4,504,965 4,519,146 4,357,967 Total Public Debt Outstanding 12,440,068 12,433,662 12,278,636 11,909,829 Less: Debt Not Subject to Limit: Other Debt 489 489 489 489 Unamortized Discount 43,485 43,476 43,263 43,506 Federal Financing Bank 11,921 11,921 11,921 11,921 Hope Bonds 492 492 492 492 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 37 37 37 14 Total Public Debt Subject to Limit 12,383,717 12,377,320 12,222,507 11,853,434 Statutory Debt Limit 14,294,000 14,294,000 12,394,000 12,104,000 Act of February 12, 2010, permanently increased the statutory debt limit to $14,294 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 2/The current balance includes $24,997 million outstanding for securities iss ued to raise cash for the temporary Supplementary Financing Program (www.tr eas.gov/press/releases/hp1144.htm). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 7,667 $ 139,589 $ 687,299 Individual Income Taxes 28 364 3,369 Railroad Retirement Taxes 21 456 1,886 Excise Taxes 984 4,159 25,545 Corporation Income Taxes 110 14,351 79,592 Federal Unemployment Taxes 4 783 1,845 Estate and Gift Taxes & Misc IRS Rcpts. -4 75 313 Change in Balance of Unclassified Taxes -47 -21 16 Total 8,763 159,755 799,864 These Receipts were deposited in: Federal Reserve Account: Directly 160 2,949 15,972 Collector Depositaries 2,608 40,786 203,915 Tax and Loan Accounts 5,974 109,631 549,129 Inter-agency Transfers 22 6,389 30,848 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 8 $ 72 $ 1,874 $ 1,954 Deposits: Taxes Received (Table IV) 6 66 5,902 5,974 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 8 72 685 765 Depositary Initiated 1 9 5,142 5,151 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 5 57 1,949 2,012 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday February 26, 2010 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued | ___________________________________________________________________________________________ | | | This | Fiscal | | Classification | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Individual $ 16,216 3/$ 108,898 3/$ 155,663 Business 1,108 10,989 47,973 3/Does not include $1,686 million offset by FMS for the month of February 201 0, and $2,101 million for the fiscal year-to-date for Treasury Offset Progr am against Tax Refunds issued. This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in an account at the Federal Reserve Bank of New York and in Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, Bureau of the Public Debt and various electronic systems. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Financial Management Service, Department of the Treasury Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Financial Management Service (FMS) website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790. The DTS is also available on the Department of Commerce's "State of the Nation" website: http://www.stat-usa.gov/sotn. For more information regarding this system, please call 202-482-1986.