1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday February 29, 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 $ 62,542 $ 25,595 $ 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 62,542 25,595 158,596 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday February 29, 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) 135 723 4,194 Air Transport Security Fees 143 212 931 Commodity Credit Corporation programs 51 801 3,457 Customs and Certain Excise Taxes 106 3,233 16,433 Deposits by States: Supplemental Security Income 253 550 1,808 Unemployment 80 3,690 16,380 Education Department programs 152 2,980 12,766 Energy Department programs 48 556 2,948 Estate and Gift Taxes 417 1,274 5,227 Federal Reserve Earnings 1,518 6,715 29,074 Foreign Deposits, Military Sales 2 1,373 8,591 FTD's Received (Table IV) 5,228 50,576 273,960 GSE MBS Purchase Program Income 0 12,151 60,916 Housing and Urban Development programs 3 211 1,022 Individual Income and Employment Taxes, Not Withheld 639 5,298 85,328 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 7 334 2,295 Postal Service 295 7,277 37,790 Public Debt Cash Issues (Table III-B) 110,502 680,758 3,213,155 Other Deposits: Medicare Premiums 140 1,989 10,220 Minerals Management Svc/Collections 820 975 4,616 Pension Benefit Guaranty Corp. 175 820 2,213 TARP 3 626 2,927 Total Other Deposits 1,138 5,402 45,110 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 5,609 111,126 564,610 Total Federal Reserve Account 126,325 895,241 4,386,000 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,609 111,126 562,805 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 5,609 111,126 562,805 Total Deposits (excluding transfers) 126,325 895,241 4,384,194 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday February 29, 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 25 674 11,947 Defense Vendor Payments (EFT) 1,512 29,188 154,208 Education Department programs 620 21,268 101,119 Energy Department programs 283 3,274 17,236 Federal Employees Insurance Payments 317 5,666 28,385 Fed. Highway Administration programs 92 2,570 16,840 Federal Salaries (EFT) 87 13,352 70,552 Food and Nutrition Service (misc) 216 8,217 42,313 GSA programs 162 1,807 8,839 Health and Human Services Grants (misc) 686 7,888 41,357 Housing and Urban Development programs 112 5,922 30,188 Interest on Treasury Securities 5,997 38,947 103,130 Justice Department programs 14 1,235 6,834 Labor Dept. prgms (excl. unemployment) 36 1,194 5,877 Medicaid 681 19,483 96,805 Medicare 1,633 45,213 206,332 NASA programs 0 1,201 6,435 Postal Service Money Orders and Other 293 3,402 16,993 Public Debt Cash Redemp. (Table III-B) 62,555 527,760 2,621,435 Social Security Benefits (EFT) 0 54,895 265,542 Supple. Nutrition Assist. Program (SNAP) 19 386 2,105 Temporary Assistance for Needy Families (HHS) 10 1,318 7,105 Transportation Security Admin. (DHS) 0 84 434 Unemployment Insurance Benefits 501 8,609 41,818 Veterans Affairs programs 135 3,303 16,761 Other Withdrawals: Deposit Insurance Fund 279 802 4,266 Export-Import Bank 724 775 3,265 HHS: Indian Health Service 62 1,533 3,484 Interior 80 1,078 4,986 IRS Tax Refunds Business (EFT) 218 2,786 11,649 IRS Tax Refunds Individual (EFT) 10,499 119,682 132,720 Pension Benefit Guaranty Corp. 447 482 2,400 Unclassified 1,080 26,762 132,465 Total, Other Withdrawals 13,389 184,437 459,150 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 89,377 991,294 4,379,742 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,609 111,126 564,610 Total Withdrawals (excluding transfers) 89,377 991,294 4,379,742 Net Change in Operating Cash Balance 36,948 -96,053 4,453 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday February 29, 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 100,405 163,226 836,307 Bonds 9,128 27,079 91,966 Inflation-Protected Securities Increment -62 -1,759 -172 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 92 1,557 Interest Increment 1 554 2,759 Government Account Series 236,472 4,771,948 24,293,162 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 395 8,837 42,729 Other 799 16,041 82,438 Total Issues 347,142 5,452,420 27,504,985 (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 61,719 120,128 463,259 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 812 4,470 Government Account Series 237,816 4,791,909 24,184,999 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1 9,357 50,681 Other 799 16,030 82,496 Total Redemptions 300,372 5,319,669 26,806,434 Net Change in Public Debt Outstanding 46,770 132,751 698,551 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday February 29, 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) 347,142 5,452,420 27,504,985 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 0 143 401 Bonds and Notes (-) 218 765 2,527 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 236,472 4,771,948 24,293,162 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 554 2,759 Inflation-Protected Securities Increment -52 -1,748 -880 Total Public Debt Cash Issues Deposited in Federal Reserve Account 110,502 680,758 3,213,155 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 300,372 5,319,669 26,806,434 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 (-) 237,816 4,791,909 24,184,999 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 62,555 527,760 2,621,435 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday February 29, 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 $ 10,722,996 $ 10,675,494 $ 10,572,374 $ 10,127,031 Intragovernmental Holdings 4,765,895 4,766,627 4,783,766 4,663,309 Total Public Debt Outstanding 15,488,891 15,442,121 15,356,140 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,219 32,916 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 15,446,261 15,399,794 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 Wednesday February 29, 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 $ 9,586 $ 158,285 $ 750,961 Individual Income Taxes 50 687 6,609 Railroad Retirement Taxes 39 445 1,907 Excise Taxes 2,104 6,107 29,012 Corporation Income Taxes 37 3,890 78,100 Federal Unemployment Taxes 6 285 3,158 Estate and Gift Taxes & Misc IRS Rcpts. 1 28 175 Change in Balance of Unclassified Taxes 0 0 0 Total 11,823 169,729 869,923 These Receipts were deposited in: Federal Reserve Account: Directly 937 3,377 16,226 Collector Depositaries 4,292 47,199 257,734 Tax and Loan Accounts 5,609 111,126 562,805 Inter-agency Transfers 986 8,027 33,158 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) 7 60 5,542 5,609 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 7 60 5,542 5,609 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 Wednesday February 29, 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 $ 11,155 1/$ 128,926 1/$ 157,226 Business 273 5,749 26,766 1/Does not include $2,193 million offset by FMS for the month of February 201 2, and $2,554 million for the fiscal year-to-date for Treasury Offset Progr am against Tax Refunds issued. 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.