1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday February 28, 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 $ 25,595 $ 35,300 $ 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 25,595 35,300 158,596 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday February 28, 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) 35 588 4,059 Air Transport Security Fees 46 70 789 Commodity Credit Corporation programs 45 750 3,406 Customs and Certain Excise Taxes 82 3,127 16,327 Deposits by States: Supplemental Security Income 3 297 1,555 Unemployment 30 3,610 16,300 Education Department programs 285 2,829 12,614 Energy Department programs 26 508 2,900 Estate and Gift Taxes 42 857 4,810 Federal Reserve Earnings 0 5,198 27,556 Foreign Deposits, Military Sales 5 1,371 8,589 FTD's Received (Table IV) 793 45,348 268,732 GSE MBS Purchase Program Income 0 12,151 60,916 Housing and Urban Development programs 31 208 1,019 Individual Income and Employment Taxes, Not Withheld 302 4,659 84,689 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 8 327 2,287 Postal Service 393 6,982 37,494 Public Debt Cash Issues (Table III-B) 1,437 570,256 3,102,653 Other Deposits: Pension Benefit Guaranty Corp. 144 645 2,038 Thrift Savings Plan Transfer 51 510 10,857 Total Other Deposits 195 4,264 43,972 Change in Balance of Uncollected Funds 1 0 5 Transfers from Depositaries 1,294 105,517 559,002 Total Federal Reserve Account 5,053 768,916 4,259,675 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,294 105,517 557,196 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,294 105,517 557,196 Total Deposits (excluding transfers) 5,053 768,916 4,257,869 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday February 28, 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 30 649 11,922 Defense Vendor Payments (EFT) 1,754 27,676 152,696 Education Department programs 725 20,647 100,499 Energy Department programs 206 2,991 16,953 Federal Employees Insurance Payments 349 5,349 28,068 Fed. Highway Administration programs 173 2,477 16,747 Federal Salaries (EFT) 88 13,265 70,464 Food and Nutrition Service (misc) 191 8,000 42,097 GSA programs 49 1,645 8,677 Health and Human Services Grants (misc) 611 7,202 40,671 Housing and Urban Development programs 153 5,810 30,076 Interest on Treasury Securities 2 32,950 97,132 Justice Department programs 76 1,221 6,820 Labor Dept. prgms (excl. unemployment) 83 1,158 5,841 Medicaid 834 18,801 96,124 Medicare 1,643 43,580 204,698 NASA programs 0 1,201 6,435 Postal Service Money Orders and Other 143 3,109 16,700 Public Debt Cash Redemp. (Table III-B) 877 465,205 2,558,880 Social Security Benefits (EFT) 1/ -2 54,895 265,543 Supple. Nutrition Assist. Program (SNAP) 10 368 2,086 Temporary Assistance for Needy Families (HHS) 184 1,308 7,095 Transportation Security Admin. (DHS) 1 84 434 Unemployment Insurance Benefits 673 8,108 41,317 Veterans Affairs programs 128 3,168 16,627 Other Withdrawals: Agency for Internat'l Development 71 865 6,131 Centers for Disease Control 52 507 2,431 Federal Crop Ins. Corp. 73 671 6,243 Federal Financing Bank 123 524 3,850 HHS: Indian Health Service 55 1,472 3,423 IRS Tax Refunds Business (EFT) 64 2,567 11,431 IRS Tax Refunds Individual (EFT) 3,675 109,196 122,234 Minerals Management Service 189 194 976 Small Business Administration 55 292 1,489 State Department 79 722 4,262 Unclassified 1,342 25,682 131,385 Total, Other Withdrawals 5,776 171,048 445,761 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 14,758 901,917 4,290,364 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,294 105,517 559,002 Total Withdrawals (excluding transfers) 14,758 901,917 4,290,364 Net Change in Operating Cash Balance -9,705 -133,001 -32,495 1/Reported as a negative amount due to a return/reversal of $2 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday February 28, 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 -62 -1,697 -109 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 86 1,551 Interest Increment 1 553 2,758 Government Account Series 239,017 4,535,477 24,056,690 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 696 8,442 42,334 Other 737 15,242 81,639 Total Issues 240,393 5,105,278 27,157,843 (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 34 775 4,433 Government Account Series 235,914 4,554,093 23,947,183 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 104 9,357 50,680 Other 739 15,231 81,697 Total Redemptions 236,790 5,019,298 26,506,062 Net Change in Public Debt Outstanding 3,603 85,980 651,781 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday February 28, 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) 240,393 5,105,278 27,157,843 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 (-) 239,017 4,535,477 24,056,690 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 553 2,758 Inflation-Protected Securities Increment -62 -1,697 -829 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,437 570,256 3,102,653 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 236,790 5,019,298 26,506,062 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 (-) 235,914 4,554,093 23,947,183 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 877 465,205 2,558,880 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday February 28, 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 $ 10,675,494 $ 10,674,959 $ 10,572,374 $ 10,127,031 Intragovernmental Holdings 4,766,627 4,763,559 4,783,766 4,663,309 Total Public Debt Outstanding 15,442,121 15,438,518 15,356,140 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 32,916 32,926 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 15,399,794 15,396,182 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 Tuesday February 28, 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 $ 2,355 $ 148,699 $ 741,375 Individual Income Taxes 77 637 6,559 Railroad Retirement Taxes 5 406 1,868 Excise Taxes 228 4,003 26,908 Corporation Income Taxes 31 3,853 78,064 Federal Unemployment Taxes 4 279 3,152 Estate and Gift Taxes & Misc IRS Rcpts. 1 27 175 Change in Balance of Unclassified Taxes 0 0 0 Total 2,701 157,905 858,100 These Receipts were deposited in: Federal Reserve Account: Directly 95 2,440 15,289 Collector Depositaries 699 42,908 253,443 Tax and Loan Accounts 1,294 105,517 557,196 Inter-agency Transfers 614 7,041 32,172 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) 2 16 1,276 1,294 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 2 16 1,276 1,294 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 Tuesday February 28, 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 $ 4,081 $ 117,783 $ 146,083 Business 359 5,476 26,493 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.