1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday July 21, 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 $ 83,542 $ 96,422 $ 130,130 $ 107,888 Supplementary Financing Program 5,000 5,000 5,000 199,962 Tax and Loan Note Accounts (Table V) 1,991 2,038 1,853 1,983 Total Operating Balance 90,533 103,459 136,983 309,833 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday July 21, 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) 15 415 7,406 Air Transport Security Fees 0 17 1,731 Commodity Credit Corporation programs 31 587 7,962 Customs and Certain Excise Taxes 95 1,154 28,505 Deposits by States: Supplemental Security Income 9 75 3,639 Unemployment 130 786 39,942 Education Department programs 133 1,433 21,879 Energy Department programs 18 317 6,053 Estate and Gift Taxes 5 126 6,795 Federal Reserve Earnings 0 5,382 70,278 Foreign Deposits, Military Sales 41 2,413 17,663 FTD's Received (Table IV) 584 35,400 513,215 GSE MBS Purchase Program Income 0 10,520 76,735 Housing and Urban Development programs 71 169 2,328 Individual Income and Employment Taxes, Not Withheld 200 1/ 4,700 1/ 293,418 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 51 192 7,785 Postal Service 286 4,917 72,322 Public Debt Cash Issues (Table III-B) 82,324 331,926 6,484,033 Other Deposits: Medicare Premiums 335 1,330 18,457 TARP 690 2,919 81,068 Thrift Savings Plan Transfer 116 2,297 12,801 Total Other Deposits 1,141 8,269 172,869 Change in Balance of Uncollected Funds -1 -1 1 Transfers from Depositaries 1,459 71,133 1,123,610 Total Federal Reserve Account 86,591 479,930 8,958,169 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,412 71,271 1,123,617 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,412 71,271 1,123,617 Total Deposits (excluding transfers) 86,545 480,068 8,958,176 1/Includes an reclassification of $86 million that was previously reported as unclassified transactions. 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday July 21, 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 9 249 16,371 Defense Vendor Payments (EFT) 1,765 19,860 313,119 Education Department programs 474 7,580 185,250 Energy Department programs 170 1,985 33,731 Federal Employees Insurance Payments 154 3,663 53,297 Fed. Highway Administration programs 256 2,506 33,877 Federal Salaries (EFT) 90 7,734 141,077 Food and Nutrition Service (misc) 243 6,128 79,356 GSA programs 81 1,237 16,789 Health and Human Services Grants (misc) 431 5,142 81,813 Housing and Urban Development programs 157 4,897 62,114 Interest on Treasury Securities 1 6,551 156,667 Justice Department programs 42 986 13,863 Labor Dept. prgms (excl. unemployment) 52 829 12,665 Medicaid 1,304 14,509 226,935 Medicare 1,545 36,702 431,608 NASA programs 113 1,121 13,740 Postal Service Money Orders and Other 112 2,198 33,593 Public Debt Cash Redemp. (Table III-B) 89,376 301,865 5,673,428 Social Security Benefits (EFT) 44 41,342 488,270 Supple. Nutrition Assist. Program (SNAP) 21 343 4,078 Temporary Assistance for Needy Families (HHS) 52 970 15,556 Transportation Security Admin. (DHS) 1 15 577 Unemployment Insurance Benefits 278 5,836 97,584 Veterans Affairs programs 106 2,076 31,376 Other Withdrawals: Agriculture Loan Payments (misc) 54 486 6,668 Federal Aviation Administration 63 408 6,539 Federal Transit Admin. 51 521 8,903 Interior 57 746 10,174 International Monetary Fund 1,064 1,282 13,015 National Highway Traffic Safety Admin 3 37 681 Tennessee Valley Authority (net) 258 429 -158 Unclassified 1,046 19,093 325,515 Total, Other Withdrawals 2,596 50,193 960,741 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 99,471 526,518 9,177,476 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,459 71,133 1,123,610 Total Withdrawals (excluding transfers) 99,471 526,518 9,177,476 Net Change in Operating Cash Balance -12,926 -46,450 -219,300 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday July 21, 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 81,418 249,484 4,058,147 Cash Management Series 0 5,000 523,012 Notes 0 52,999 1,549,247 Bonds 0 13,000 157,738 Inflation-Protected Securities Increment 101 2,145 22,431 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 94 1,438 Interest Increment 0 495 4,608 Government Account Series 106,686 1,875,015 45,907,614 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 908 10,472 135,194 Total Issues 189,121 2,208,899 52,421,086 (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 88,419 279,491 4,863,124 Notes 0 0 566,191 Bonds 0 0 1 Federal Financing Bank 0 0 1,798 Nonmarketable: United States Savings Securities 55 668 8,837 Government Account Series 99,747 1,907,236 45,964,739 Hope Bonds 0 0 0 Domestic Series 0 0 90 Foreign Series 0 600 2,200 State and Local Series 3 10,651 97,707 Other 899 10,455 135,137 Total Redemptions 189,123 2,209,101 51,639,824 Net Change in Public Debt Outstanding -2 -203 781,262 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday July 21, 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) 189,121 2,208,899 52,421,086 Premium on New Issues 0 756 5,609 Discount on New Issues: Bills (-) 9 31 1,946 Bonds and Notes (-) 0 43 7,242 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 106,686 1,875,015 45,907,114 Hope Bonds (-) 0 0 1 Interest Increment on United States Savings Securities (-) 0 495 4,608 Inflation-Protected Securities Increment 101 2,145 21,752 Total Public Debt Cash Issues Deposited in Federal Reserve Account 82,324 331,926 6,484,033 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 189,123 2,209,101 51,639,824 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 (-) 99,747 1,907,236 45,964,598 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 89,376 301,865 5,673,428 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday July 21, 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 2/$ 9,747,385 $ 9,753,658 $ 9,742,223 $ 9,022,808 Intragovernmental Holdings 4,595,500 4,589,230 4,600,864 4,538,815 Total Public Debt Outstanding 14,342,885 14,342,887 14,343,088 13,561,623 Less: Debt Not Subject to Limit: Other Debt 487 487 487 488 Unamortized Discount 39,498 39,501 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). 2/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 Thursday July 21, 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 $ 1,967 $ 98,831 $ 1,415,099 Individual Income Taxes 13 329 27,700 Railroad Retirement Taxes 6 266 3,834 Excise Taxes 18 3,214 54,308 Corporation Income Taxes 66 7,764 191,605 Federal Unemployment Taxes 9 105 6,090 Estate and Gift Taxes & Misc IRS Rcpts. 1/ -76 46 2,090 Change in Balance of Unclassified Taxes 0 0 -245 Total 2,002 110,556 1,700,481 These Receipts were deposited in: Federal Reserve Account: Directly 1/ -36 2,022 33,560 Collector Depositaries 620 33,378 479,655 Tax and Loan Accounts 1,412 71,271 1,123,617 Inter-agency Transfers 6 3,885 63,649 1/Includes an reclassification of $86 million that was previously reported as unclassified transactions. TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 11 $ 97 $ 1,929 $ 2,038 Deposits: Taxes Received (Table IV) 2 17 1,393 1,412 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 0 623 623 Depositary Initiated 1 5 829 835 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 13 108 1,870 1,991 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday July 21, 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 $ 5 $ 3,557 $ 324,509 Business 61 2,223 70,333 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.