1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday February 27, 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 $ 35,300 $ 36,343 $ 158,596 $ 56,284 Supplementary Financing Prog 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 35,300 36,343 158,596 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday February 27, 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) 17 552 4,023 Air Transport Security Fees 6 23 743 Commodity Credit Corporation programs 30 705 3,360 Customs and Certain Excise Taxes 63 3,046 16,246 Deposits by States: Supplemental Security Income 2 294 1,552 Unemployment 51 3,581 16,270 Education Department programs 101 2,543 12,329 Energy Department programs 158 482 2,875 Estate and Gift Taxes 50 815 4,768 Federal Reserve Earnings 0 5,198 27,556 Foreign Deposits, Military Sales 3 1,366 8,584 FTD's Received (Table IV) 2,517 44,554 267,938 GSE MBS Purchase Program Income 389 12,151 60,916 Housing and Urban Development programs 1 177 988 Individual Income and Employment Taxes, Not Withheld 229 4,359 84,389 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 20 319 2,280 Postal Service 363 6,590 37,102 Public Debt Cash Issues (Table III-B) 804 568,819 3,101,215 Other Deposits: Defense Finance & Accounting Service 62 548 3,015 Medicare Premiums 85 1,837 10,067 Pension Benefit Guaranty Corp. 116 500 1,894 TARP 4 623 2,924 Thrift Savings Plan Transfer 71 460 10,807 Total Other Deposits 339 4,069 43,777 Change in Balance of Uncollected Funds -1 -1 5 Transfers from Depositaries 11,228 104,223 557,708 Total Federal Reserve Account 16,372 763,865 4,254,624 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,228 104,223 555,903 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 11,228 104,223 555,903 Total Deposits (excluding transfers) 16,372 763,865 4,252,818 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday February 27, 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 28 619 11,893 Defense Vendor Payments (EFT) 1,410 25,922 150,942 Education Department programs 1,190 19,922 99,774 Energy Department programs 293 2,785 16,747 Federal Employees Insurance Payments 455 5,000 27,719 Fed. Highway Administration programs 64 2,305 16,575 Federal Salaries (EFT) 62 13,178 70,377 Food and Nutrition Service (misc) 500 7,809 41,906 GSA programs 60 1,596 8,628 Health and Human Services Grants (misc) 401 6,591 40,060 Housing and Urban Development programs 189 5,658 29,924 Interest on Treasury Securities 2 32,948 97,130 Justice Department programs 48 1,145 6,744 Labor Dept. prgms (excl. unemployment) 42 1,075 5,759 Medicaid 444 17,967 95,289 Medicare 1,612 41,937 203,055 NASA programs 96 1,201 6,435 Postal Service Money Orders and Other 169 2,966 16,557 Public Debt Cash Redemp. (Table III-B) 1,043 464,328 2,558,003 Social Security Benefits (EFT) 1/ -4 54,898 265,545 Supple. Nutrition Assist. Program (SNAP) 20 358 2,076 Temporary Assistance for Needy Families (HHS) 72 1,124 6,911 Transportation Security Admin. (DHS) 1 83 432 Unemployment Insurance Benefits 352 7,435 40,643 Veterans Affairs programs 212 3,040 16,498 Other Withdrawals: Emergency Prep & Response (DHS) 57 860 5,892 HHS Deposit Fund Transfers to States 2/ 143 547 547 HHS: Indian Health Service 353 1,417 3,368 Interior 60 980 4,888 IRS Tax Refunds Business (EFT) 200 2,504 11,367 IRS Tax Refunds Individual (EFT) 6,501 105,529 118,567 Small Business Administration 50 238 1,435 TARP 130 210 1,088 Unclassified 1,160 24,342 130,044 Total, Other Withdrawals 8,654 165,273 439,986 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 17,416 887,161 4,275,608 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,228 104,223 557,708 Total Withdrawals (excluding transfers) 17,416 887,161 4,275,608 Net Change in Operating Cash Balance -1,044 -123,296 -22,790 1/Reported as a negative amount due to a return/reversal of $4 million. 2/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 Monday February 27, 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 0 446,402 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 -186 -1,634 -47 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 9 81 1,547 Interest Increment 1 552 2,756 Government Account Series 234,752 4,296,460 23,817,673 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 58 7,746 41,639 Other 737 14,505 80,902 Total Issues 235,372 4,864,885 26,917,449 (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 49 741 4,399 Government Account Series 233,799 4,318,179 23,711,269 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 256 9,253 50,576 Other 738 14,493 80,958 Total Redemptions 234,842 4,782,507 26,269,272 Net Change in Public Debt Outstanding 530 82,378 648,178 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday February 27, 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) 235,372 4,864,885 26,917,449 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 (-) 234,752 4,296,460 23,817,673 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 552 2,756 Inflation-Protected Securities Increment -186 -1,634 -766 Total Public Debt Cash Issues Deposited in Federal Reserve Account 804 568,819 3,101,215 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 234,842 4,782,507 26,269,272 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 (-) 233,799 4,318,179 23,711,269 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 1,043 464,328 2,558,003 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday February 27, 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 $ 10,674,959 $ 10,675,327 $ 10,572,374 $ 10,127,031 Intragovernmental Holdings 4,763,559 4,762,661 4,783,766 4,663,309 Total Public Debt Outstanding 15,438,518 15,437,988 15,356,140 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 32,926 32,954 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 15,396,182 15,395,623 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 Monday February 27, 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 $ 13,194 $ 146,344 $ 739,020 Individual Income Taxes 45 560 6,482 Railroad Retirement Taxes 52 401 1,863 Excise Taxes 430 3,775 26,680 Corporation Income Taxes 35 3,822 78,033 Federal Unemployment Taxes 5 276 3,148 Estate and Gift Taxes & Misc IRS Rcpts. 1 26 173 Change in Balance of Unclassified Taxes 0 0 0 Total 13,760 155,204 855,399 These Receipts were deposited in: Federal Reserve Account: Directly 46 2,346 15,195 Collector Depositaries 2,471 42,209 252,744 Tax and Loan Accounts 11,228 104,223 555,903 Inter-agency Transfers 15 6,427 31,558 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) 4 24 11,201 11,228 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 4 24 11,201 11,228 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 Monday February 27, 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 $ 7,980 $ 113,710 $ 142,010 Business 268 5,117 26,134 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.