1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday February 24, 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 $ 36,343 $ 43,856 $ 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 36,343 43,856 158,596 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday February 24, 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) 11 536 4,007 Air Transport Security Fees 2 18 737 Commodity Credit Corporation programs 58 675 3,330 Customs and Certain Excise Taxes 55 2,982 16,182 Deposits by States: Supplemental Security Income 3 292 1,550 Unemployment 38 3,530 16,220 Education Department programs 67 2,442 12,227 Energy Department programs 27 324 2,717 Estate and Gift Taxes 70 765 4,718 Federal Reserve Earnings 0 5,198 27,556 Foreign Deposits, Military Sales 110 1,362 8,580 FTD's Received (Table IV) 1,550 42,038 265,422 GSE MBS Purchase Program Income 0 11,762 60,527 Housing and Urban Development programs 8 176 987 Individual Income and Employment Taxes, Not Withheld 142 4,129 84,160 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 28 299 2,259 Postal Service 318 6,227 36,739 Public Debt Cash Issues (Table III-B) 772 568,014 3,100,411 Other Deposits: Medicare Premiums 254 1,751 9,982 Pension Benefit Guaranty Corp. 111 384 1,777 Total Other Deposits 365 3,730 43,438 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 3,926 92,995 546,480 Total Federal Reserve Account 7,552 747,493 4,238,252 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,926 92,995 544,674 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 3,926 92,995 544,674 Total Deposits (excluding transfers) 7,552 747,493 4,236,446 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday February 24, 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 44 591 11,865 Defense Vendor Payments (EFT) 2,333 24,511 149,531 Education Department programs 967 18,732 98,584 Energy Department programs 268 2,492 16,454 Federal Employees Insurance Payments 146 4,545 27,264 Fed. Highway Administration programs 205 2,240 16,510 Federal Salaries (EFT) 112 13,116 70,315 Food and Nutrition Service (misc) 266 7,310 41,406 GSA programs 24 1,537 8,569 Health and Human Services Grants (misc) 420 6,190 39,659 Housing and Urban Development programs 196 5,468 29,734 Interest on Treasury Securities 1 32,945 97,128 Justice Department programs 49 1,097 6,696 Labor Dept. prgms (excl. unemployment) 127 1,033 5,716 Medicaid 742 17,523 94,846 Medicare 2,010 40,325 201,443 NASA programs 78 1,106 6,339 Postal Service Money Orders and Other 106 2,797 16,388 Public Debt Cash Redemp. (Table III-B) 821 463,285 2,556,960 Social Security Benefits (EFT) 47 54,904 265,551 Supple. Nutrition Assist. Program (SNAP) 13 338 2,057 Temporary Assistance for Needy Families (HHS) 32 1,053 6,839 Transportation Security Admin. (DHS) 1 82 431 Unemployment Insurance Benefits 236 7,083 40,291 Veterans Affairs programs 113 2,827 16,286 Other Withdrawals: Agency for Internat'l Development 74 760 6,026 Centers for Disease Control 50 442 2,366 Deposit Insurance Fund 125 469 3,933 Federal Railroad Admin. 122 234 1,222 Federal Transit Admin. 58 843 4,959 IRS Tax Refunds Business (EFT) 53 2,304 11,167 IRS Tax Refunds Individual (EFT) 3,967 99,048 112,086 TARP 26 81 958 Unclassified 1,231 23,180 128,883 Total, Other Withdrawals 5,706 156,618 431,330 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 15,064 869,745 4,258,193 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,926 92,995 546,480 Total Withdrawals (excluding transfers) 15,064 869,745 4,258,193 Net Change in Operating Cash Balance -7,512 -122,252 -21,746 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday February 24, 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 -1 446,402 2,123,438 Cash Management Series 0 20,001 30,001 Notes 0 62,821 735,902 Bonds 0 17,951 82,838 Inflation-Protected Securities Increment -62 -1,448 139 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 73 1,538 Interest Increment 0 551 2,755 Government Account Series 236,303 4,061,707 23,582,921 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 32 7,688 41,580 Other 738 13,768 80,164 Total Issues 237,014 4,629,513 26,682,078 (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 0 381,432 2,020,528 Notes 0 58,409 401,541 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 36 692 4,350 Government Account Series 233,899 4,084,381 23,477,470 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 45 8,996 50,320 Other 739 13,755 80,220 Total Redemptions 234,720 4,547,666 26,034,430 Net Change in Public Debt Outstanding 2,293 81,847 647,648 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday February 24, 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) 237,014 4,629,513 26,682,078 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 0 143 401 Bonds and Notes (-) 0 547 2,309 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 236,303 4,061,707 23,582,921 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 551 2,755 Inflation-Protected Securities Increment -62 -1,448 -580 Total Public Debt Cash Issues Deposited in Federal Reserve Account 772 568,014 3,100,411 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 234,720 4,547,666 26,034,430 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 (-) 233,899 4,084,381 23,477,470 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 821 463,285 2,556,960 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday February 24, 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 $ 10,675,327 $ 10,675,481 $ 10,572,374 $ 10,127,031 Intragovernmental Holdings 4,762,661 4,760,213 4,783,766 4,663,309 Total Public Debt Outstanding 15,437,988 15,435,695 15,356,140 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 32,954 32,964 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 15,395,623 15,393,320 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 Friday February 24, 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 $ 5,279 $ 133,150 $ 725,826 Individual Income Taxes 28 515 6,437 Railroad Retirement Taxes 45 349 1,811 Excise Taxes 130 3,346 26,251 Corporation Income Taxes 34 3,788 77,998 Federal Unemployment Taxes 3 271 3,144 Estate and Gift Taxes & Misc IRS Rcpts. 1 25 173 Change in Balance of Unclassified Taxes 0 0 0 Total 5,521 141,444 841,638 These Receipts were deposited in: Federal Reserve Account: Directly 28 2,299 15,148 Collector Depositaries 1,522 39,738 250,273 Tax and Loan Accounts 3,926 92,995 544,674 Inter-agency Transfers 44 6,412 31,543 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) 3 31 3,893 3,926 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 3 31 3,893 3,926 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 Friday February 24, 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 $ 4,400 $ 105,749 $ 134,049 Business 151 4,849 25,865 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.