1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 14, 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 $ 45,420 $ 49,778 $ 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 45,420 49,778 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 14, 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) 14 334 4,528 Air Transport Security Fees 0 6 938 Commodity Credit Corporation programs 35 384 3,840 Customs and Certain Excise Taxes 88 649 17,082 Deposits by States: Supplemental Security Income 3 92 1,901 Unemployment 16 247 16,627 Education Department programs 75 1,049 13,814 Energy Department programs 5 104 3,052 Estate and Gift Taxes 93 520 5,747 Federal Reserve Earnings 1,576 3,862 32,936 Foreign Deposits, Military Sales 118 1,911 10,503 FTD's Received (Table IV) 6,112 25,990 299,950 GSE MBS Purchase Program Income 0 10,152 71,068 Housing and Urban Development programs 1 75 1,097 Individual Income and Employment Taxes, Not Withheld 542 5,399 90,727 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 683 800 3,095 Postal Service 298 3,711 41,500 Public Debt Cash Issues (Table III-B) 1,616 276,436 3,489,591 Other Deposits: Medicare Premiums 152 697 10,916 TARP 926 12,549 15,476 Total Other Deposits 1,078 15,176 60,285 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 9,464 65,899 630,509 Total Federal Reserve Account 21,818 412,796 4,798,796 Tax and Loan Note Accounts: FTD's Received (Table IV) 9,464 65,899 628,704 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 9,464 65,899 628,704 Total Deposits (excluding transfers) 21,818 412,796 4,796,990 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 14, 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 14 251 12,198 Defense Vendor Payments (EFT) 1,222 13,151 167,359 Education Department programs 744 6,807 107,927 Energy Department programs 158 1,370 18,606 Federal Employees Insurance Payments 284 2,795 31,180 Fed. Highway Administration programs 103 1,192 18,032 Federal Salaries (EFT) 52 7,022 77,573 Food and Nutrition Service (misc) 468 4,576 46,889 GSA programs 62 1,022 9,861 Health and Human Services Grants (misc) 402 3,507 44,864 Housing and Urban Development programs 293 4,182 34,371 Interest on Treasury Securities 1 161 103,291 Justice Department programs 36 624 7,458 Labor Dept. prgms (excl. unemployment) 65 586 6,463 Medicaid 791 10,964 107,769 Medicare 1,485 28,465 234,797 NASA programs 39 586 7,021 Postal Service Money Orders and Other 98 1,747 18,740 Public Debt Cash Redemp. (Table III-B) 794 225,571 2,847,006 Social Security Benefits (EFT) 10,539 34,203 299,745 Supple. Nutrition Assist. Program (SNAP) 77 239 2,344 Temporary Assistance for Needy Families (HHS) 143 604 7,709 Transportation Security Admin. (DHS) 1 8 442 Unemployment Insurance Benefits 512 3,914 45,732 Veterans Affairs programs 155 1,945 18,706 Other Withdrawals: HHS: Indian Health Service 123 436 3,921 IRS Tax Refunds Business (EFT) 104 1,351 13,000 IRS Tax Refunds Individual (EFT) 5,654 28,499 161,195 Thrift Savings Plan Transfer 95 1,278 12,479 Unclassified 1,659 18,836 151,301 Total, Other Withdrawals 7,636 74,423 533,574 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 26,176 429,918 4,809,660 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 9,464 65,899 630,509 Total Withdrawals (excluding transfers) 26,176 429,918 4,809,660 Net Change in Operating Cash Balance -4,358 -17,122 -12,670 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 14, 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 105 1,288 1,116 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 34 1,591 Interest Increment 1 495 3,254 Government Account Series 232,483 2,345,490 26,638,652 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 857 5,961 48,690 Other 755 8,198 90,636 Total Issues 234,205 2,623,822 30,128,807 (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 36 364 4,834 Government Account Series 241,138 2,370,693 26,555,692 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 0 3,462 54,142 Other 759 8,181 90,677 Total Redemptions 241,933 2,596,264 29,402,698 Net Change in Public Debt Outstanding -7,728 27,559 726,110 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 14, 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) 234,205 2,623,822 30,128,807 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 (-) 232,483 2,345,490 26,638,652 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 495 3,254 Inflation-Protected Securities Increment 105 1,288 408 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,616 276,436 3,489,591 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 241,933 2,596,264 29,402,698 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 (-) 241,138 2,370,693 26,555,692 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 794 225,571 2,847,006 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 14, 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 $ 10,774,728 $ 10,773,922 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,741,722 4,750,256 4,765,895 4,663,309 Total Public Debt Outstanding 15,516,450 15,524,178 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,193 33,203 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 15,473,846 15,481,564 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 Wednesday March 14, 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 $ 7,923 $ 83,010 $ 833,972 Individual Income Taxes 50 558 7,167 Railroad Retirement Taxes 5 174 2,081 Excise Taxes 2,094 2,935 31,948 Corporation Income Taxes 6,747 9,206 87,306 Federal Unemployment Taxes 5 37 3,195 Estate and Gift Taxes & Misc IRS Rcpts. 0 11 187 Change in Balance of Unclassified Taxes 0 0 0 Total 16,825 95,932 965,856 These Receipts were deposited in: Federal Reserve Account: Directly 847 1,253 17,479 Collector Depositaries 5,265 24,737 282,472 Tax and Loan Accounts 9,464 65,899 628,704 Inter-agency Transfers 1,249 4,043 37,202 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 57 9,400 9,464 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 57 9,400 9,464 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 March 14, 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 $ 6,053 $ 35,369 $ 192,570 Business 329 3,645 30,411 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.