1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday March 12, 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 $ 50,372 $ 35,753 $ 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 50,372 35,753 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday March 12, 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) 67 282 4,476 Air Transport Security Fees 0 6 937 Commodity Credit Corporation programs 40 291 3,748 Customs and Certain Excise Taxes 61 496 16,929 Deposits by States: Supplemental Security Income 3 85 1,893 Unemployment 22 210 16,590 Education Department programs 81 843 13,609 Energy Department programs 10 86 3,034 Estate and Gift Taxes 54 379 5,606 Federal Reserve Earnings 0 2,286 31,360 Foreign Deposits, Military Sales 5 1,783 10,374 FTD's Received (Table IV) 3,011 18,505 292,465 GSE MBS Purchase Program Income 10,152 10,152 71,068 Housing and Urban Development programs 1 42 1,064 Individual Income and Employment Taxes, Not Withheld 286 4,487 89,815 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 9 109 2,404 Postal Service 356 3,029 40,819 Public Debt Cash Issues (Table III-B) 772 273,831 3,486,986 Other Deposits: Thrift Savings Plan Transfer 70 222 11,083 Total Other Deposits 70 7,854 52,964 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 12,301 54,505 619,116 Total Federal Reserve Account 27,300 379,263 4,765,263 Tax and Loan Note Accounts: FTD's Received (Table IV) 12,301 54,505 617,310 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 12,301 54,505 617,310 Total Deposits (excluding transfers) 27,300 379,263 4,763,457 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday March 12, 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 23 201 12,149 Defense Vendor Payments (EFT) 1,303 10,445 164,653 Education Department programs 995 5,327 106,446 Energy Department programs 127 1,090 18,326 Federal Employees Insurance Payments 345 2,044 30,429 Fed. Highway Administration programs 40 980 17,820 Federal Salaries (EFT) 59 6,797 77,349 Food and Nutrition Service (misc) 975 3,722 46,035 GSA programs 43 899 9,738 Health and Human Services Grants (misc) 301 2,825 44,182 Housing and Urban Development programs 148 3,759 33,947 Interest on Treasury Securities 1 160 103,290 Justice Department programs 78 518 7,353 Labor Dept. prgms (excl. unemployment) 47 495 6,373 Medicaid 953 8,797 105,602 Medicare 1,238 25,793 232,125 NASA programs 103 507 6,942 Postal Service Money Orders and Other 201 1,502 18,495 Public Debt Cash Redemp. (Table III-B) 833 223,990 2,845,425 Social Security Benefits (EFT) 43 23,627 289,169 Supple. Nutrition Assist. Program (SNAP) 25 142 2,247 Temporary Assistance for Needy Families (HHS) 39 416 7,521 Transportation Security Admin. (DHS) 1 7 440 Unemployment Insurance Benefits 367 2,795 44,613 Veterans Affairs programs 208 1,662 18,423 Other Withdrawals: Federal Financing Bank 191 581 4,468 Interior 65 314 5,300 IRS Tax Refunds Business (EFT) 559 1,232 12,881 IRS Tax Refunds Individual (EFT) 1,826 21,064 153,761 Unclassified 1,545 15,363 147,828 Total, Other Withdrawals 4,185 62,933 522,083 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 12,682 391,433 4,771,175 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 12,301 54,505 619,116 Total Withdrawals (excluding transfers) 12,682 391,433 4,771,175 Net Change in Operating Cash Balance 14,618 -12,171 -7,718 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday March 12, 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 0 242,361 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 312 1,078 906 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 7 27 1,584 Interest Increment 1 495 3,254 Government Account Series 232,050 1,878,018 26,171,180 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 8 4,873 47,602 Other 757 6,687 89,125 Total Issues 233,135 2,153,534 29,658,519 (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 0 213,364 2,233,892 Notes 0 0 463,260 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 298 4,769 Government Account Series 230,213 1,899,294 26,084,293 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 28 3,461 54,142 Other 759 6,666 89,162 Total Redemptions 231,046 2,123,284 28,929,718 Net Change in Public Debt Outstanding 2,089 30,250 728,801 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday March 12, 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) 233,135 2,153,534 29,658,519 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 0 112 513 Bonds and Notes (-) 0 0 2,527 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 232,050 1,878,018 26,171,180 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 495 3,254 Inflation-Protected Securities Increment 312 1,078 198 Total Public Debt Cash Issues Deposited in Federal Reserve Account 772 273,831 3,486,986 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 231,046 2,123,284 28,929,718 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 (-) 230,213 1,899,294 26,084,293 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 833 223,990 2,845,425 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday March 12, 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 $ 10,773,695 $ 10,773,406 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,745,446 4,743,645 4,765,895 4,663,309 Total Public Debt Outstanding 15,519,141 15,517,052 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,213 33,243 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 15,476,517 15,474,398 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday March 12, 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 $ 14,288 $ 73,186 $ 824,148 Individual Income Taxes 52 456 7,065 Railroad Retirement Taxes 32 168 2,074 Excise Taxes 431 668 29,681 Corporation Income Taxes 513 1,256 79,357 Federal Unemployment Taxes 4 30 3,188 Estate and Gift Taxes & Misc IRS Rcpts. 1 10 186 Change in Balance of Unclassified Taxes 0 0 0 Total 15,321 75,775 945,698 These Receipts were deposited in: Federal Reserve Account: Directly 36 323 16,549 Collector Depositaries 2,975 18,182 275,916 Tax and Loan Accounts 12,301 54,505 617,310 Inter-agency Transfers 8 2,764 35,922 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 29 12,268 12,301 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 29 12,268 12,301 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 March 12, 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 $ 2,301 $ 27,071 $ 184,273 Business 788 2,973 29,739 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.