1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 16, 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 $ 107,584 $ 101,083 $ 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 107,584 101,083 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 16, 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) 65 424 4,618 Air Transport Security Fees 0 7 938 Commodity Credit Corporation programs 38 450 3,907 Customs and Certain Excise Taxes 57 754 17,187 Deposits by States: Supplemental Security Income 2 97 1,905 Unemployment 19 278 16,658 Education Department programs 70 1,303 14,069 Energy Department programs 36 149 3,097 Estate and Gift Taxes 79 616 5,843 Federal Reserve Earnings 0 3,862 32,936 Foreign Deposits, Military Sales 215 2,182 10,773 FTD's Received (Table IV) 3,692 36,913 310,873 GSE MBS Purchase Program Income 0 10,550 71,467 Housing and Urban Development programs 3 84 1,106 Individual Income and Employment Taxes, Not Withheld 249 5,875 91,203 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 15 821 3,115 Postal Service 321 4,331 42,121 Public Debt Cash Issues (Table III-B) 789 457,126 3,670,281 Other Deposits: Interior 56 167 1,071 Medicare Premiums 88 872 11,091 Thrift Savings Plan Transfer 66 440 11,301 Total Other Deposits 211 17,694 62,804 Change in Balance of Uncollected Funds -1 -1 5 Transfers from Depositaries 16,026 99,408 664,019 Total Federal Reserve Account 21,885 642,924 5,028,924 Tax and Loan Note Accounts: FTD's Received (Table IV) 16,026 99,408 662,213 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 16,026 99,408 662,213 Total Deposits (excluding transfers) 21,885 642,924 5,027,118 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 16, 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 30 313 12,261 Defense Vendor Payments (EFT) 1,777 16,699 170,907 Education Department programs 1,165 8,514 109,634 Energy Department programs 149 1,727 18,963 Federal Employees Insurance Payments 182 3,144 31,529 Fed. Highway Administration programs 199 1,492 18,332 Federal Salaries (EFT) 3,022 10,292 80,843 Food and Nutrition Service (misc) 358 5,338 47,652 GSA programs 23 1,191 10,030 Health and Human Services Grants (misc) 307 4,249 45,606 Housing and Urban Development programs 166 4,496 34,684 Interest on Treasury Securities 1 1,277 104,407 Justice Department programs 72 731 7,566 Labor Dept. prgms (excl. unemployment) 56 698 6,575 Medicaid 979 13,779 110,584 Medicare 1,465 31,214 237,545 NASA programs 51 700 7,135 Postal Service Money Orders and Other 158 2,022 19,015 Public Debt Cash Redemp. (Table III-B) 836 362,864 2,984,299 Social Security Benefits (EFT) 38 34,282 299,825 Supple. Nutrition Assist. Program (SNAP) 9 283 2,388 Temporary Assistance for Needy Families (HHS) 75 735 7,840 Transportation Security Admin. (DHS) 1 10 444 Unemployment Insurance Benefits 165 4,384 46,201 Veterans Affairs programs 98 2,203 18,965 Other Withdrawals: Deposit Insurance Fund 188 807 5,073 Federal Railroad Admin. 53 131 1,360 HHS Deposit Fund Transfers to States 1/ 112 507 1,054 Interior 70 529 5,515 IRS Tax Refunds Business (EFT) 67 1,444 13,093 IRS Tax Refunds Individual (EFT) 1,832 31,568 164,265 State Department 141 543 4,850 Thrift Savings Plan Transfer 204 1,505 12,707 Unclassified 1,337 22,422 154,887 Total, Other Withdrawals 4,004 85,244 544,394 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 15,385 597,882 4,977,624 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,026 99,408 664,019 Total Withdrawals (excluding transfers) 15,385 597,882 4,977,624 Net Change in Operating Cash Balance 6,501 45,041 49,494 1/Transfer by HHS from Federal Tax Refund Offset Program to various State age ncies for delinquent child support. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday March 16, 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 0 350,142 2,473,580 Cash Management Series 0 20,000 50,001 Notes 0 56,675 892,981 Bonds 0 13,903 105,869 Inflation-Protected Securities Increment 105 1,498 1,326 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 40 1,597 Interest Increment 0 496 3,255 Government Account Series 232,052 2,812,195 27,105,357 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 12 7,341 50,070 Other 774 10,078 92,516 Total Issues 232,947 3,272,367 30,777,352 (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 0 313,145 2,333,674 Notes 0 34,605 497,864 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 441 4,911 Government Account Series 230,349 2,831,823 27,016,822 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 20 4,429 55,110 Other 776 10,044 92,540 Total Redemptions 231,186 3,194,687 30,001,121 Net Change in Public Debt Outstanding 1,761 77,680 776,231 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 16, 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) 232,947 3,272,367 30,777,352 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 0 145 546 Bonds and Notes (-) 0 907 3,435 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 232,052 2,812,195 27,105,357 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 496 3,255 Inflation-Protected Securities Increment 105 1,498 617 Total Public Debt Cash Issues Deposited in Federal Reserve Account 789 457,126 3,670,281 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 231,186 3,194,687 30,001,121 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 (-) 230,349 2,831,823 27,016,822 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 836 362,864 2,984,299 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 16, 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 $ 10,820,230 $ 10,820,115 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,746,341 4,744,695 4,765,895 4,663,309 Total Public Debt Outstanding 15,566,571 15,564,810 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,206 33,216 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 15,523,954 15,522,183 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 Friday March 16, 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 $ 19,125 $ 108,884 $ 859,845 Individual Income Taxes 58 723 7,333 Railroad Retirement Taxes 33 210 2,117 Excise Taxes 13 2,994 32,006 Corporation Income Taxes 539 27,572 105,672 Federal Unemployment Taxes 2/ -3 45 3,203 Estate and Gift Taxes & Misc IRS Rcpts. 2 13 189 Change in Balance of Unclassified Taxes 0 0 0 Total 19,766 140,441 1,010,365 These Receipts were deposited in: Federal Reserve Account: Directly 40 1,327 17,553 Collector Depositaries 3,651 35,586 293,321 Tax and Loan Accounts 16,026 99,408 662,213 Inter-agency Transfers 48 4,120 37,278 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. 2/Reported as a negative amount due to a return/reversal of $6 million. 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) 5 47 15,974 16,026 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 5 47 15,974 16,026 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 Friday March 16, 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 $ 3,592 $ 40,634 $ 197,836 Business 91 3,816 30,582 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.