1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 $ 43,856 $ 36,033 $ 158,596 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 43,856 36,033 158,596 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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) 16 524 3,996 Air Transport Security Fees 1 16 735 Commodity Credit Corporation programs 38 616 3,272 Customs and Certain Excise Taxes 1,674 2,927 16,127 Deposits by States: Supplemental Security Income 4 288 1,547 Unemployment 55 3,492 16,182 Education Department programs 149 2,374 12,160 Energy Department programs 46 297 2,689 Estate and Gift Taxes 39 695 4,648 Federal Reserve Earnings 0 5,198 27,556 Foreign Deposits, Military Sales 214 1,252 8,470 FTD's Received (Table IV) 3,583 40,488 263,872 GSE MBS Purchase Program Income 0 11,762 60,527 Housing and Urban Development programs 0 168 978 Individual Income and Employment Taxes, Not Withheld 450 3,988 84,018 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 10 271 2,232 Postal Service 312 5,908 36,421 Public Debt Cash Issues (Table III-B) 113,310 567,242 3,099,639 Other Deposits: Medicare Premiums 158 1,498 9,728 Pension Benefit Guaranty Corp. 69 273 1,666 Total Other Deposits 227 3,365 43,073 Change in Balance of Uncollected Funds 1 0 5 Transfers from Depositaries 3,631 89,068 542,553 Total Federal Reserve Account 123,760 739,941 4,230,700 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,631 89,068 540,748 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 3,631 89,068 540,748 Total Deposits (excluding transfers) 123,760 739,941 4,228,895 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 24 547 11,821 Defense Vendor Payments (EFT) 1,457 22,179 147,199 Education Department programs 963 17,765 97,616 Energy Department programs 197 2,224 16,186 Federal Employees Insurance Payments 601 4,398 27,118 Fed. Highway Administration programs 132 2,036 16,306 Federal Salaries (EFT) 860 13,003 70,202 Food and Nutrition Service (misc) 300 7,044 41,140 GSA programs 95 1,512 8,544 Health and Human Services Grants (misc) 363 5,770 39,239 Housing and Urban Development programs 145 5,272 29,538 Interest on Treasury Securities 1 32,944 97,127 Justice Department programs 44 1,048 6,647 Labor Dept. prgms (excl. unemployment) 78 906 5,589 Medicaid 1,511 16,782 94,104 Medicare 1,783 38,315 199,434 NASA programs 110 1,027 6,261 Postal Service Money Orders and Other 138 2,690 16,281 Public Debt Cash Redemp. (Table III-B) 93,418 462,464 2,556,139 Social Security Benefits (EFT) 40 54,858 265,506 Supple. Nutrition Assist. Program (SNAP) 19 325 2,044 Temporary Assistance for Needy Families (HHS) 31 1,021 6,807 Transportation Security Admin. (DHS) 18 81 430 Unemployment Insurance Benefits 471 6,847 40,055 Veterans Affairs programs 148 2,714 16,173 Other Withdrawals: Agency for Internat'l Development 83 686 5,952 Agriculture Loan Payments (misc) 58 561 3,385 Centers for Disease Control 64 392 2,316 IRS Tax Refunds Individual (EFT) 11,174 95,103 108,141 Thrift Savings Plan Transfer 421 2,784 11,069 Unclassified 1,193 21,947 127,650 Total, Other Withdrawals 12,992 150,909 425,622 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 115,938 854,681 4,243,129 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,631 89,068 542,553 Total Withdrawals (excluding transfers) 115,938 854,681 4,243,129 Net Change in Operating Cash Balance 7,822 -114,740 -14,234 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 110,286 446,404 2,123,440 Cash Management Series 0 20,001 30,001 Notes -6 62,821 735,902 Bonds 0 17,951 82,838 Inflation-Protected Securities Increment -62 -1,386 201 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 70 1,535 Interest Increment 0 550 2,755 Government Account Series 235,636 3,825,404 23,346,618 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 1,957 7,656 41,548 Other 1,098 13,029 79,426 Total Issues 348,913 4,392,499 26,445,064 (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 92,290 381,432 2,020,528 Notes 0 58,409 401,541 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 39 656 4,314 Government Account Series 236,124 3,850,482 23,243,571 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 8,951 50,274 Other 1,090 13,015 79,481 Total Redemptions 329,542 4,312,945 25,799,710 Net Change in Public Debt Outstanding 19,371 79,554 645,354 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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) 348,913 4,392,499 26,445,064 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 29 143 401 Bonds and Notes (-) 0 547 2,309 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 235,636 3,825,404 23,346,618 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 550 2,755 Inflation-Protected Securities Increment -62 -1,386 -518 Total Public Debt Cash Issues Deposited in Federal Reserve Account 113,310 567,242 3,099,639 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 329,542 4,312,945 25,799,710 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 (-) 236,124 3,850,482 23,243,571 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 93,418 462,464 2,556,139 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 $ 10,675,481 $ 10,656,161 $ 10,572,374 $ 10,127,031 Intragovernmental Holdings 4,760,213 4,760,162 4,783,766 4,663,309 Total Public Debt Outstanding 15,435,695 15,416,324 15,356,140 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 32,964 32,944 33,031 34,376 Federal Financing Bank 8,441 8,441 8,441 8,441 Hope Bonds 493 493 493 493 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 10 10 10 10 Total Public Debt Subject to Limit 15,393,320 15,373,968 15,313,699 14,746,553 Statutory Debt Limit 16,394,000 16,394,000 16,394,000 15,194,000 Act of 8/2/11, operated to permanently increase the statutory debt limit to $16,394 billion after 1/27/12. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 $ 7,169 $ 127,871 $ 720,547 Individual Income Taxes 21 487 6,409 Railroad Retirement Taxes 1 304 1,766 Excise Taxes 22 3,215 26,120 Corporation Income Taxes 22 3,753 77,963 Federal Unemployment Taxes 4 268 3,141 Estate and Gift Taxes & Misc IRS Rcpts. 1 24 171 Change in Balance of Unclassified Taxes 0 0 0 Total 7,240 135,923 836,118 These Receipts were deposited in: Federal Reserve Account: Directly 47 2,271 15,120 Collector Depositaries 3,536 38,216 248,751 Tax and Loan Accounts 3,631 89,068 540,748 Inter-agency Transfers 26 6,367 31,498 As of 1/1/12, Treasury discontinued leaving a portion of the funds paid through depositaries maintaining Tax & Loan Accounts with those depositaries. All deposits made through such banks will be offset by a depositary initiated withdrawal in Table V. TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 0 Deposits: Taxes Received (Table IV) 1 18 3,612 3,631 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 0 0 Depositary Initiated 1 18 3,612 3,631 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 0 0 0 0 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday February 23, 2012 (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 $ 11,805 $ 101,372 $ 129,672 Business 25 4,698 25,715 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.