1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 $ 46,846 $ 52,770 $ 130,130 $ 107,888 Supplementary Financing Program 5,000 5,000 5,000 199,962 Tax and Loan Note Accounts (Table V) 1,960 1,986 1,853 1,983 Total Operating Balance 53,806 59,756 136,983 309,833 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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) 27 229 7,220 Air Transport Security Fees 0 7 1,721 Commodity Credit Corporation programs 40 333 7,709 Customs and Certain Excise Taxes 85 499 27,850 Deposits by States: Supplemental Security Income 7 40 3,603 Unemployment 42 218 39,374 Education Department programs 115 734 21,180 Energy Department programs 13 135 5,871 Estate and Gift Taxes 4 67 6,735 Federal Reserve Earnings 0 1,411 66,307 Foreign Deposits, Military Sales 58 2,225 17,474 FTD's Received (Table IV) 852 16,689 494,513 GSE MBS Purchase Program Income 0 0 66,215 Housing and Urban Development programs 33 85 2,244 Individual Income and Employment Taxes, Not Withheld 274 2,126 290,836 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 7 80 7,673 Postal Service 401 2,783 70,188 Public Debt Cash Issues (Table III-B) 711 88,136 6,240,243 Other Deposits: Federal Employees Insurance Receipt 117 312 2,766 Medicare Premiums 65 353 17,480 Thrift Savings Plan Transfer 227 851 11,355 Total Other Deposits 409 4,262 168,861 Change in Balance of Uncollected Funds 1 0 2 Transfers from Depositaries 1,297 39,539 1,092,016 Total Federal Reserve Account 4,375 159,600 8,637,838 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,272 39,646 1,091,993 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,272 39,646 1,091,993 Total Deposits (excluding transfers) 4,349 159,707 8,637,815 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 16 137 16,259 Defense Vendor Payments (EFT) 1,445 9,891 303,150 Education Department programs 665 4,147 181,817 Energy Department programs 99 957 32,702 Federal Employees Insurance Payments 136 1,779 51,414 Fed. Highway Administration programs 120 1,294 32,665 Federal Salaries (EFT) 496 6,206 139,549 Food and Nutrition Service (misc) 412 3,551 76,780 GSA programs 45 790 16,343 Health and Human Services Grants (misc) 341 2,494 79,165 Housing and Urban Development programs 158 3,745 60,963 Interest on Treasury Securities 2 724 150,839 Justice Department programs 83 576 13,453 Labor Dept. prgms (excl. unemployment) 38 466 12,302 Medicaid 982 7,907 220,332 Medicare 1,785 27,957 422,863 NASA programs 150 654 13,272 Postal Service Money Orders and Other 169 1,340 32,735 Public Debt Cash Redemp. (Table III-B) 748 106,397 5,477,960 Social Security Benefits (EFT) 48 22,410 469,338 Supple. Nutrition Assist. Program (SNAP) 9 150 3,885 Temporary Assistance for Needy Families (HHS) 60 365 14,951 Transportation Security Admin. (DHS) 1 8 571 Unemployment Insurance Benefits 669 3,122 94,871 Veterans Affairs programs 139 1,270 30,570 Other Withdrawals: Agency for Internat'l Development 70 362 10,843 Agriculture 124 252 8,513 Interior 80 354 9,782 National Highway Traffic Safety Admin 2 19 662 Unclassified 1,208 11,414 317,836 Total, Other Withdrawals 1,484 34,546 945,094 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 10,300 242,884 8,893,842 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,297 39,539 1,092,016 Total Withdrawals (excluding transfers) 10,300 242,884 8,893,842 Net Change in Operating Cash Balance -5,951 -83,177 -256,027 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 82,783 3,891,446 Cash Management Series 0 0 518,012 Notes 0 0 1,496,247 Bonds 0 0 144,738 Inflation-Protected Securities Increment 101 1,237 21,523 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 48 1,392 Interest Increment 1 492 4,605 Government Account Series 146,257 1,070,742 45,103,341 Hope Bonds 0 0 1 Domestic Series 0 0 90 Foreign Series 0 0 1,100 State and Local Series 0 194 60,466 Other 705 5,124 129,845 Total Issues 147,070 1,160,618 51,372,805 (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 91,783 4,675,416 Notes 0 0 566,191 Bonds 0 0 1 Federal Financing Bank 0 0 1,798 Nonmarketable: United States Savings Securities 42 325 8,493 Government Account Series 146,333 1,054,342 45,111,845 Hope Bonds 0 0 0 Domestic Series 0 0 90 Foreign Series 0 500 2,100 State and Local Series 0 8,672 95,728 Other 706 5,118 129,800 Total Redemptions 147,081 1,160,740 50,591,462 Net Change in Public Debt Outstanding -11 -122 781,343 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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) 147,070 1,160,618 51,372,805 Premium on New Issues 0 0 4,852 Discount on New Issues: Bills (-) 0 11 1,926 Bonds and Notes (-) 0 0 7,199 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 146,257 1,070,742 45,102,841 Hope Bonds (-) 0 0 1 Interest Increment on United States Savings Securities (-) 1 492 4,605 Inflation-Protected Securities Increment 101 1,237 20,843 Total Public Debt Cash Issues Deposited in Federal Reserve Account 711 88,136 6,240,243 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 147,081 1,160,740 50,591,462 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 1,798 Government Account Transactions (-) 146,333 1,054,342 45,111,704 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 748 106,397 5,477,960 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 1/$ 9,741,328 $ 9,744,963 $ 9,742,223 $ 9,022,808 Intragovernmental Holdings 4,601,638 4,598,014 4,600,864 4,538,815 Total Public Debt Outstanding 14,342,966 14,342,977 14,343,088 13,561,623 Less: Debt Not Subject to Limit: Other Debt 487 487 487 488 Unamortized Discount 39,579 39,591 39,703 39,574 Federal Financing Bank 8,441 8,441 8,441 10,239 Hope Bonds 493 493 493 493 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 10 10 13 10 Total Public Debt Subject to Limit 14,293,975 14,293,975 14,293,975 13,510,840 Statutory Debt Limit 14,294,000 14,294,000 14,294,000 14,294,000 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). 1/The current balance includes $5,000 million outstanding for securities issu ed to raise cash for the temporary Supplementary Financing Program (www.tre as.gov/press/releases/hp1144.htm). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 $ 1,426 $ 57,661 $ 1,373,928 Individual Income Taxes 15 139 27,510 Railroad Retirement Taxes 1 175 3,743 Excise Taxes 437 648 51,741 Corporation Income Taxes 124 1,068 184,908 Federal Unemployment Taxes 6 38 6,023 Estate and Gift Taxes & Misc IRS Rcpts. 150 183 2,237 Change in Balance of Unclassified Taxes 0 0 -245 Total 2,159 59,911 1,649,845 These Receipts were deposited in: Federal Reserve Account: Directly 183 718 32,265 Collector Depositaries 670 15,971 462,247 Tax and Loan Accounts 1,272 39,646 1,091,993 Inter-agency Transfers 35 3,576 63,340 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 64 $ 87 $ 1,835 $ 1,986 Deposits: Taxes Received (Table IV) 2 21 1,248 1,272 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 0 0 597 597 Depositary Initiated 2 5 693 700 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 64 104 1,792 1,960 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday July 12, 2011 (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 2/$ -3 $ 2,472 $ 323,423 Business 279 1,072 69,182 2/Reported as a negative amount due to a return/reversal of $9 million. 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 (FMS), Department of the Treasury. Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the FMS website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790.