1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 08, 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 $ 39,879 $ 26,437 $ 62,542 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 39,879 26,437 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 08, 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) 12 174 4,368 Air Transport Security Fees 0 6 937 Commodity Credit Corporation programs 32 209 3,666 Customs and Certain Excise Taxes 50 381 16,814 Deposits by States: Supplemental Security Income 63 80 1,888 Unemployment 19 170 16,550 Education Department programs 134 696 13,462 Energy Department programs 5 73 3,021 Estate and Gift Taxes 58 289 5,516 Federal Reserve Earnings 0 2,286 31,360 Foreign Deposits, Military Sales 11 1,768 10,359 FTD's Received (Table IV) 725 13,701 287,661 GSE MBS Purchase Program Income 0 0 60,916 Housing and Urban Development programs 5 41 1,063 Individual Income and Employment Taxes, Not Withheld 232 3,955 89,283 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 17 95 2,390 Postal Service 363 2,356 40,145 Public Debt Cash Issues (Table III-B) 139,319 272,200 3,485,355 Other Deposits: Federal Housing Admin: Note Sales 75 747 7,121 TARP 5,576 5,618 8,545 Total Other Deposits 5,652 7,415 52,525 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 2,163 38,028 602,638 Total Federal Reserve Account 148,860 343,921 4,729,921 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,163 38,028 600,833 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 2,163 38,028 600,833 Total Deposits (excluding transfers) 148,860 343,921 4,728,116 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 08, 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 16 133 12,081 Defense Vendor Payments (EFT) 1,508 7,586 161,794 Education Department programs 717 3,633 104,752 Energy Department programs 154 799 18,035 Federal Employees Insurance Payments 557 1,541 29,926 Fed. Highway Administration programs 256 851 17,690 Federal Salaries (EFT) 807 6,650 77,202 Food and Nutrition Service (misc) 389 2,350 44,663 GSA programs 116 835 9,674 Health and Human Services Grants (misc) 415 2,218 43,575 Housing and Urban Development programs 160 3,465 33,653 Interest on Treasury Securities 1 158 103,288 Justice Department programs 40 367 7,201 Labor Dept. prgms (excl. unemployment) 63 311 6,189 Medicaid 1,434 7,004 103,809 Medicare 1,172 23,254 229,586 NASA programs 51 306 6,741 Postal Service Money Orders and Other 171 1,158 18,151 Public Debt Cash Redemp. (Table III-B) 123,080 222,256 2,843,691 Social Security Benefits (EFT) 56 23,543 289,085 Supple. Nutrition Assist. Program (SNAP) 14 107 2,212 Temporary Assistance for Needy Families (HHS) 48 362 7,467 Transportation Security Admin. (DHS) 1 4 438 Unemployment Insurance Benefits 296 2,246 44,064 Veterans Affairs programs 129 1,312 18,074 Other Withdrawals: Federal Transit Admin. 67 200 5,240 Interior 52 221 5,207 IRS Tax Refunds Business (EFT) 52 392 12,041 IRS Tax Refunds Individual (EFT) 2,134 17,250 149,946 Small Business Administration 126 169 1,664 TARP 29 31 1,119 Thrift Savings Plan Transfer 125 1,070 12,271 Unclassified 1,182 12,235 144,700 Total, Other Withdrawals 3,767 54,135 513,285 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 135,418 366,585 4,746,327 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,163 38,028 602,638 Total Withdrawals (excluding transfers) 135,418 366,585 4,746,327 Net Change in Operating Cash Balance 13,442 -22,664 -18,211 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 08, 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 135,939 242,361 2,365,799 Cash Management Series 0 20,000 50,001 Notes 0 -6 836,301 Bonds 0 0 91,966 Inflation-Protected Securities Increment 104 663 491 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 18 1,575 Interest Increment 0 494 3,253 Government Account Series 238,949 1,415,477 25,708,639 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 2,346 4,767 47,496 Other 1,105 5,171 87,609 Total Issues 378,446 1,688,945 29,193,930 (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 121,943 213,364 2,233,892 Notes 0 0 463,260 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 221 4,691 Government Account Series 235,878 1,437,785 25,622,784 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 5 3,324 54,005 Other 1,095 5,147 87,643 Total Redemptions 358,958 1,660,042 28,466,476 Net Change in Public Debt Outstanding 19,488 28,903 727,454 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 08, 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) 378,446 1,688,945 29,193,930 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 74 112 513 Bonds and Notes (-) 0 0 2,527 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 238,949 1,415,477 25,708,639 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 494 3,253 Inflation-Protected Securities Increment 104 663 -217 Total Public Debt Cash Issues Deposited in Federal Reserve Account 139,319 272,200 3,485,355 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 358,958 1,660,042 28,466,476 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 (-) 235,878 1,437,785 25,622,784 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 123,080 222,256 2,843,691 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 08, 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 1/ $ 10,773,364 $ 10,757,197 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 1/ 4,744,431 4,741,109 4,765,895 4,663,309 Total Public Debt Outstanding 15,517,795 15,498,307 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,253 33,189 33,219 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 15,475,131 15,455,707 15,446,261 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/ The Closing Balance Today for Debt Held by the Public decreased by $30 million and the Intragovenmental Holdings increased by $30 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday March 08, 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 $ 2,716 $ 53,376 $ 804,337 Individual Income Taxes 28 369 6,978 Railroad Retirement Taxes 1 90 1,997 Excise Taxes 22 94 29,106 Corporation Income Taxes 127 521 78,621 Federal Unemployment Taxes 3 23 3,181 Estate and Gift Taxes & Misc IRS Rcpts. 1 8 184 Change in Balance of Unclassified Taxes 0 0 0 Total 2,896 54,480 924,404 These Receipts were deposited in: Federal Reserve Account: Directly 26 260 16,486 Collector Depositaries 699 13,441 271,175 Tax and Loan Accounts 2,163 38,028 600,833 Inter-agency Transfers 7 2,752 35,910 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 14 2,147 2,163 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 14 2,147 2,163 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 March 08, 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 $ 2,597 $ 21,127 $ 178,328 Business 83 1,876 28,642 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.