1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday March 20, 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 $ 98,805 $ 107,604 $ 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 98,805 107,604 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday March 20, 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) 52 490 4,684 Air Transport Security Fees 1 8 939 Commodity Credit Corporation programs 32 515 3,971 Customs and Certain Excise Taxes 89 923 17,355 Deposits by States: Supplemental Security Income 4 104 1,913 Unemployment 32 326 16,707 Education Department programs 145 1,568 14,334 Energy Department programs 40 204 3,152 Estate and Gift Taxes 28 688 5,915 Federal Reserve Earnings 0 3,862 32,936 Foreign Deposits, Military Sales 11 2,198 10,790 FTD's Received (Table IV) 813 40,396 314,356 GSE MBS Purchase Program Income 0 10,550 71,467 Housing and Urban Development programs 1 85 1,107 Individual Income and Employment Taxes, Not Withheld 414 6,671 91,999 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 12 838 3,132 Postal Service 378 5,046 42,836 Public Debt Cash Issues (Table III-B) 1,676 460,123 3,673,278 Other Deposits: Medicare Premiums 202 1,102 11,322 Total Other Deposits 202 17,954 63,064 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 1,111 109,228 673,838 Total Federal Reserve Account 5,041 661,778 5,047,777 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,111 109,228 672,033 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,111 109,228 672,033 Total Deposits (excluding transfers) 5,041 661,778 5,045,972 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday March 20, 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 10 347 12,294 Defense Vendor Payments (EFT) 2,019 20,049 174,257 Education Department programs 454 9,791 110,910 Energy Department programs 162 1,979 19,215 Federal Employees Insurance Payments 240 3,537 31,922 Fed. Highway Administration programs 111 1,692 18,532 Federal Salaries (EFT) 398 12,106 82,658 Food and Nutrition Service (misc) 315 6,397 48,710 GSA programs 61 1,289 10,128 Health and Human Services Grants (misc) 315 4,954 46,311 Housing and Urban Development programs 207 5,009 35,197 Interest on Treasury Securities 1 1,279 104,409 Justice Department programs 43 826 7,661 Labor Dept. prgms (excl. unemployment) 35 803 6,680 Medicaid 1,313 15,482 112,287 Medicare 2,204 34,812 241,144 NASA programs 37 814 7,248 Postal Service Money Orders and Other 146 2,401 19,394 Public Debt Cash Redemp. (Table III-B) 920 364,687 2,986,122 Social Security Benefits (EFT) 38 34,362 299,904 Supple. Nutrition Assist. Program (SNAP) 15 335 2,440 Temporary Assistance for Needy Families (HHS) 45 850 7,955 Transportation Security Admin. (DHS) 1 11 445 Unemployment Insurance Benefits 576 5,294 47,112 Veterans Affairs programs 120 2,575 19,336 Other Withdrawals: Agency for Internat'l Development 71 517 6,679 Agriculture 126 542 4,830 IRS Tax Refunds Business (EFT) 115 1,673 13,322 IRS Tax Refunds Individual (EFT) 1,372 34,419 167,115 Thrift Savings Plan Transfer 447 1,995 13,197 Unclassified 1,924 26,233 158,698 Total, Other Withdrawals 4,055 93,834 552,985 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 13,840 625,515 5,005,256 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,111 109,228 673,838 Total Withdrawals (excluding transfers) 13,840 625,515 5,005,256 Net Change in Operating Cash Balance -8,798 36,263 40,716 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday March 20, 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 0 350,141 2,473,579 Cash Management Series 0 20,000 50,001 Notes 0 56,675 892,981 Bonds 0 13,903 105,869 Inflation-Protected Securities Increment 104 1,916 1,744 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 51 1,608 Interest Increment 1 497 3,256 Government Account Series 235,192 3,281,260 27,574,422 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 901 8,783 51,512 Other 771 11,623 94,060 Total Issues 236,973 3,744,848 31,249,833 (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 29 511 4,982 Government Account Series 226,908 3,285,669 27,470,668 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 118 4,635 55,315 Other 773 11,591 94,087 Total Redemptions 227,828 3,650,356 30,456,790 Net Change in Public Debt Outstanding 9,145 94,493 793,044 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday March 20, 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) 236,973 3,744,848 31,249,833 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 (-) 235,192 3,281,260 27,574,422 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 497 3,256 Inflation-Protected Securities Increment 104 1,916 1,036 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,676 460,123 3,673,278 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 227,828 3,650,356 30,456,790 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 (-) 226,908 3,285,669 27,470,668 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 920 364,687 2,986,122 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday March 20, 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 $ 10,821,663 $ 10,820,996 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,761,721 4,753,243 4,765,895 4,663,309 Total Public Debt Outstanding 15,583,384 15,574,238 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,166 33,176 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 15,540,807 15,531,651 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 Tuesday March 20, 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 $ 1,916 $ 122,091 $ 873,053 Individual Income Taxes 93 868 7,477 Railroad Retirement Taxes 1 246 2,152 Excise Taxes 16 3,020 32,032 Corporation Income Taxes 106 28,175 106,276 Federal Unemployment Taxes 3 52 3,210 Estate and Gift Taxes & Misc IRS Rcpts. 1 15 190 Change in Balance of Unclassified Taxes 0 0 0 Total 2,136 154,466 1,024,389 These Receipts were deposited in: Federal Reserve Account: Directly 65 1,498 17,724 Collector Depositaries 748 38,898 296,632 Tax and Loan Accounts 1,111 109,228 672,033 Inter-agency Transfers 213 4,843 38,001 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) 2 19 1,090 1,111 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 2 19 1,090 1,111 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 Tuesday March 20, 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 $ 1,841 $ 44,317 $ 201,518 Business 394 4,397 31,163 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.