1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 21, 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 $ 87,172 $ 98,805 $ 62,542 $ 56,284 Supplementary Financing Prog 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 87,172 98,805 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 21, 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) 42 533 4,727 Air Transport Security Fees 1 9 940 Commodity Credit Corporation programs 28 543 4,000 Customs and Certain Excise Taxes 103 1,026 17,459 Deposits by States: Supplemental Security Income 3 107 1,916 Unemployment 15 341 16,721 Education Department programs 75 1,643 14,409 Energy Department programs 15 219 3,167 Estate and Gift Taxes 43 731 5,958 Federal Reserve Earnings 1,389 5,251 34,325 Foreign Deposits, Military Sales 943 3,142 11,733 FTD's Received (Table IV) 4,270 44,666 318,626 GSE MBS Purchase Program Income 0 10,550 71,467 Housing and Urban Development programs 80 165 1,187 Individual Income and Employment Taxes, Not Withheld 764 7,434 92,762 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 8 846 3,140 Postal Service 279 5,326 43,115 Public Debt Cash Issues (Table III-B) 1,612 461,735 3,674,890 Other Deposits: Medicare Premiums 58 1,161 11,380 TARP 8 14,124 17,051 Total Other Deposits 66 18,021 63,131 Change in Balance of Uncollected Funds -3 -3 3 Transfers from Depositaries 3,820 113,048 677,658 Total Federal Reserve Account 13,555 675,331 5,061,331 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,820 113,048 675,853 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 3,820 113,048 675,853 Total Deposits (excluding transfers) 13,555 675,331 5,059,526 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 21, 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 15 361 12,309 Defense Vendor Payments (EFT) 1,535 21,584 175,792 Education Department programs 858 10,648 111,768 Energy Department programs 130 2,109 19,345 Federal Employees Insurance Payments 237 3,774 32,159 Fed. Highway Administration programs 87 1,780 18,619 Federal Salaries (EFT) 122 12,229 82,780 Food and Nutrition Service (misc) 335 6,732 49,045 GSA programs 78 1,367 10,206 Health and Human Services Grants (misc) 259 5,214 46,571 Housing and Urban Development programs 230 5,239 35,427 Interest on Treasury Securities 1 1,280 104,409 Justice Department programs 34 860 7,694 Labor Dept. prgms (excl. unemployment) 56 859 6,736 Medicaid 406 15,888 112,693 Medicare 1,619 36,431 242,763 NASA programs 27 841 7,275 Postal Service Money Orders and Other 87 2,488 19,481 Public Debt Cash Redemp. (Table III-B) 840 365,527 2,986,962 Social Security Benefits (EFT) 10,359 44,719 310,261 Supple. Nutrition Assist. Program (SNAP) 7 341 2,446 Temporary Assistance for Needy Families (HHS) 7 857 7,962 Transportation Security Admin. (DHS) 1 12 446 Unemployment Insurance Benefits 492 5,786 47,604 Veterans Affairs programs 140 2,715 19,476 Other Withdrawals: Centers for Disease Control 51 263 2,708 Emergency Prep & Response (DHS) 60 563 6,526 Environmental Protection Agency 111 518 3,627 Federal Financing Bank 361 1,168 5,055 Federal Transit Admin. 55 501 5,541 IRS Tax Refunds Business (EFT) 192 1,865 13,514 IRS Tax Refunds Individual (EFT) 4,986 39,401 172,097 State Department 52 673 4,980 Thrift Savings Plan Transfer 154 2,149 13,350 Unclassified 1,205 27,439 159,904 Total, Other Withdrawals 7,227 101,062 560,212 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 25,188 650,702 5,030,443 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,820 113,048 677,658 Total Withdrawals (excluding transfers) 25,188 650,702 5,030,443 Net Change in Operating Cash Balance -11,633 24,630 29,083 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 21, 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 105 2,021 1,849 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 55 1,612 Interest Increment 2 499 3,258 Government Account Series 228,853 3,510,113 27,803,275 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 838 9,621 52,350 Other 770 12,393 94,830 Total Issues 230,571 3,975,420 31,480,405 (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 34 546 5,016 Government Account Series 238,687 3,524,356 27,709,355 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 34 4,669 55,349 Other 772 12,362 94,858 Total Redemptions 239,527 3,889,883 30,696,317 Net Change in Public Debt Outstanding -8,955 85,537 784,088 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 21, 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) 230,571 3,975,420 31,480,405 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 (-) 228,853 3,510,113 27,803,275 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 499 3,258 Inflation-Protected Securities Increment 105 2,021 1,140 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,612 461,735 3,674,890 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 239,527 3,889,883 30,696,317 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 (-) 238,687 3,524,356 27,709,355 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 840 365,527 2,986,962 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 21, 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 $ 10,822,369 $ 10,821,663 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,752,060 4,761,721 4,765,895 4,663,309 Total Public Debt Outstanding 15,574,429 15,583,384 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,156 33,166 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 15,531,862 15,540,807 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 21, 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 $ 7,959 $ 130,050 $ 881,012 Individual Income Taxes 44 912 7,521 Railroad Retirement Taxes 9 255 2,162 Excise Taxes 9 3,029 32,041 Corporation Income Taxes 95 28,270 106,370 Federal Unemployment Taxes 5 57 3,215 Estate and Gift Taxes & Misc IRS Rcpts. 1 16 191 Change in Balance of Unclassified Taxes 0 0 0 Total 8,123 162,589 1,032,512 These Receipts were deposited in: Federal Reserve Account: Directly 76 1,574 17,800 Collector Depositaries 4,195 43,092 300,826 Tax and Loan Accounts 3,820 113,048 675,853 Inter-agency Transfers 32 4,875 38,033 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) 5 46 3,770 3,820 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 46 3,770 3,820 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 21, 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 $ 5,356 $ 49,669 $ 206,870 Business 209 4,606 31,372 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.