1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 22, 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 $ 90,959 $ 87,172 $ 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 90,959 87,172 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 22, 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) 14 546 4,740 Air Transport Security Fees 2 10 942 Commodity Credit Corporation programs 41 584 4,040 Customs and Certain Excise Taxes 1,431 2,457 18,890 Deposits by States: Supplemental Security Income 5 112 1,920 Unemployment 13 354 16,734 Education Department programs 160 1,803 14,569 Energy Department programs 52 271 3,219 Estate and Gift Taxes 18 748 5,975 Federal Reserve Earnings 0 5,251 34,325 Foreign Deposits, Military Sales 7 3,148 11,740 FTD's Received (Table IV) 584 45,251 319,211 GSE MBS Purchase Program Income 0 10,550 71,467 Housing and Urban Development programs 1 166 1,188 Individual Income and Employment Taxes, Not Withheld 294 7,728 93,056 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 19 864 3,159 Postal Service 280 5,605 43,395 Public Debt Cash Issues (Table III-B) 112,423 574,158 3,787,313 Other Deposits: Medicare Premiums 381 1,541 11,761 TARP 1,493 15,617 18,544 Total Other Deposits 1,874 19,895 65,005 Change in Balance of Uncollected Funds 3 0 5 Transfers from Depositaries 1,177 114,225 678,835 Total Federal Reserve Account 118,396 793,727 5,179,727 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,177 114,225 677,030 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,177 114,225 677,030 Total Deposits (excluding transfers) 118,396 793,727 5,177,922 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 22, 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 15 376 12,323 Defense Vendor Payments (EFT) 1,639 23,223 177,431 Education Department programs 625 11,274 112,393 Energy Department programs 149 2,250 19,486 Federal Employees Insurance Payments 510 4,284 32,669 Fed. Highway Administration programs 140 1,920 18,759 Federal Salaries (EFT) 777 13,006 83,557 Food and Nutrition Service (misc) 275 7,007 49,320 GSA programs 97 1,464 10,303 Health and Human Services Grants (misc) 493 5,707 47,064 Housing and Urban Development programs 230 5,469 35,657 Interest on Treasury Securities 1 1,280 104,410 Justice Department programs 38 898 7,733 Labor Dept. prgms (excl. unemployment) 68 927 6,804 Medicaid 1,342 17,230 114,035 Medicare 1,693 38,124 244,456 NASA programs 63 903 7,338 Postal Service Money Orders and Other 114 2,602 19,595 Public Debt Cash Redemp. (Table III-B) 103,406 468,933 3,090,368 Social Security Benefits (EFT) 48 44,765 310,307 Supple. Nutrition Assist. Program (SNAP) 9 351 2,455 Temporary Assistance for Needy Families (HHS) 45 902 8,007 Transportation Security Admin. (DHS) 1 13 447 Unemployment Insurance Benefits 312 6,098 47,916 Veterans Affairs programs 132 2,847 19,608 Other Withdrawals: Federal Financing Bank 90 1,258 5,144 Interior 57 662 5,648 IRS Tax Refunds Individual (EFT) 699 40,086 172,782 Thrift Savings Plan Transfer 249 2,398 13,600 Unclassified 1,292 28,740 161,205 Total, Other Withdrawals 2,387 103,459 562,609 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 114,609 765,310 5,145,052 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,177 114,225 678,835 Total Withdrawals (excluding transfers) 114,609 765,310 5,145,052 Net Change in Operating Cash Balance 3,787 28,417 32,870 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 22, 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 110,298 460,439 2,583,877 Cash Management Series 0 20,000 50,001 Notes 0 56,674 892,981 Bonds 0 13,903 105,869 Inflation-Protected Securities Increment 106 2,127 1,955 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 58 1,615 Interest Increment 0 499 3,259 Government Account Series 233,964 3,744,077 28,037,239 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 1,071 10,691 53,421 Other 1,087 13,480 95,918 Total Issues 346,529 4,321,949 31,826,934 (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 102,272 415,417 2,435,945 Notes 0 34,605 497,864 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 33 578 5,049 Government Account Series 232,646 3,757,001 27,942,000 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 13 4,681 55,362 Other 1,089 13,451 95,947 Total Redemptions 336,052 4,225,934 31,032,368 Net Change in Public Debt Outstanding 10,477 96,015 794,566 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 22, 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) 346,529 4,321,949 31,826,934 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 35 180 581 Bonds and Notes (-) 0 907 3,435 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 233,964 3,744,077 28,037,239 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 499 3,259 Inflation-Protected Securities Increment 106 2,127 1,247 Total Public Debt Cash Issues Deposited in Federal Reserve Account 112,423 574,158 3,787,313 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 336,052 4,225,934 31,032,368 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 (-) 232,646 3,757,001 27,942,000 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 103,406 468,933 3,090,368 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 22, 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 $ 10,831,254 $ 10,822,369 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,753,652 4,752,060 4,765,895 4,663,309 Total Public Debt Outstanding 15,584,906 15,574,429 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,181 33,156 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 15,542,314 15,531,862 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 Thursday March 22, 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 $ 1,654 $ 131,704 $ 882,665 Individual Income Taxes 38 950 7,559 Railroad Retirement Taxes 2 257 2,163 Excise Taxes 21 3,049 32,062 Corporation Income Taxes 50 28,320 106,420 Federal Unemployment Taxes 3 60 3,218 Estate and Gift Taxes & Misc IRS Rcpts. 1 17 192 Change in Balance of Unclassified Taxes 0 0 0 Total 1,768 164,356 1,034,279 These Receipts were deposited in: Federal Reserve Account: Directly 60 1,634 17,860 Collector Depositaries 525 43,617 301,351 Tax and Loan Accounts 1,177 114,225 677,030 Inter-agency Transfers 6 4,881 38,039 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) 1 11 1,165 1,177 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 1 11 1,165 1,177 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 Thursday March 22, 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 $ 1,093 $ 50,748 $ 207,950 Business 28 1/ 4,469 1/ 31,235 1/Includes an adjustment of $165 million that was returned for Business Incom e Tax Refunds Issued. 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.