1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 23, 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 $ 86,184 $ 90,959 $ 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 86,184 90,959 62,542 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 23, 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) 95 641 4,835 Air Transport Security Fees 1 12 943 Commodity Credit Corporation programs 37 621 4,078 Customs and Certain Excise Taxes 55 2,512 18,945 Deposits by States: Supplemental Security Income 4 116 1,925 Unemployment 14 368 16,748 Education Department programs 106 1,909 14,675 Energy Department programs 157 428 3,376 Estate and Gift Taxes 49 798 6,025 Federal Reserve Earnings 0 5,251 34,325 Foreign Deposits, Military Sales 18 3,166 11,758 FTD's Received (Table IV) 1,800 47,051 321,011 GSE MBS Purchase Program Income 0 10,550 71,467 Housing and Urban Development programs 9 175 1,197 Individual Income and Employment Taxes, Not Withheld 320 8,048 93,376 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 18 882 3,177 Postal Service 275 5,880 43,670 Public Debt Cash Issues (Table III-B) 824 574,981 3,788,136 Other Deposits: Medicare Premiums 321 1,862 12,082 Overseas Private Investment Co. 53 72 230 Total Other Deposits 374 20,269 65,379 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 3,612 117,837 682,448 Total Federal Reserve Account 7,769 801,496 5,187,496 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,612 117,837 680,642 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 3,612 117,837 680,642 Total Deposits (excluding transfers) 7,769 801,496 5,185,691 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 23, 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 20 396 12,343 Defense Vendor Payments (EFT) 1,745 24,968 179,176 Education Department programs 542 11,815 112,935 Energy Department programs 166 2,416 19,652 Federal Employees Insurance Payments 172 4,457 32,841 Fed. Highway Administration programs 139 2,058 18,898 Federal Salaries (EFT) 81 13,087 83,638 Food and Nutrition Service (misc) 294 7,301 49,614 GSA programs 26 1,491 10,330 Health and Human Services Grants (misc) 413 6,120 47,477 Housing and Urban Development programs 208 5,677 35,865 Interest on Treasury Securities 1 1,281 104,411 Justice Department programs 58 956 7,791 Labor Dept. prgms (excl. unemployment) 61 987 6,865 Medicaid 763 17,994 114,799 Medicare 1,660 39,784 246,116 NASA programs 152 1,055 7,490 Postal Service Money Orders and Other 99 2,701 19,694 Public Debt Cash Redemp. (Table III-B) 833 469,766 3,091,201 Social Security Benefits (EFT) 44 44,807 310,350 Supple. Nutrition Assist. Program (SNAP) 53 404 2,509 Temporary Assistance for Needy Families (HHS) 165 1,066 8,171 Transportation Security Admin. (DHS) 1 14 448 Unemployment Insurance Benefits 175 6,273 48,091 Veterans Affairs programs 113 2,959 19,721 Other Withdrawals: Agency for Internat'l Development 52 651 6,813 Deposit Insurance Fund 155 1,003 5,269 Environmental Protection Agency 50 604 3,713 HHS Deposit Fund Transfers to States 1/ 99 606 1,153 IRS Tax Refunds Business (EFT) 857 2,561 14,210 IRS Tax Refunds Individual (EFT) 1,770 41,847 174,543 TARP 50 152 1,240 Unclassified 1,529 30,272 162,737 Total, Other Withdrawals 4,562 108,023 567,173 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 12,544 777,855 5,157,596 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,612 117,837 682,448 Total Withdrawals (excluding transfers) 12,544 777,855 5,157,596 Net Change in Operating Cash Balance -4,775 23,641 28,094 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 23, 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 0 460,439 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 107 2,234 2,062 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 61 1,618 Interest Increment 0 500 3,259 Government Account Series 228,791 3,972,868 28,266,030 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 54 10,746 53,475 Other 767 14,247 96,685 Total Issues 229,722 4,551,671 32,056,656 (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 0 415,417 2,435,945 Notes 0 34,605 497,864 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 33 611 5,081 Government Account Series 228,219 3,985,220 28,170,219 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 200 State and Local Series 33 4,714 55,394 Other 768 14,219 96,715 Total Redemptions 229,052 4,454,986 31,261,420 Net Change in Public Debt Outstanding 670 96,685 795,236 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 23, 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) 229,722 4,551,671 32,056,656 Premium on New Issues 0 0 6,139 Discount on New Issues: Bills (-) 0 180 581 Bonds and Notes (-) 0 907 3,435 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 228,791 3,972,868 28,266,030 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 500 3,259 Inflation-Protected Securities Increment 107 2,234 1,354 Total Public Debt Cash Issues Deposited in Federal Reserve Account 824 574,981 3,788,136 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 229,052 4,454,986 31,261,420 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 (-) 228,219 3,985,220 28,170,219 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 833 469,766 3,091,201 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 23, 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 $ 10,831,325 $ 10,831,254 $ 10,722,996 $ 10,127,031 Intragovernmental Holdings 4,754,251 4,753,652 4,765,895 4,663,309 Total Public Debt Outstanding 15,585,576 15,584,906 15,488,891 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,170 33,181 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 15,542,995 15,542,314 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 23, 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 $ 5,112 $ 136,816 $ 887,777 Individual Income Taxes 50 1,000 7,609 Railroad Retirement Taxes 43 300 2,206 Excise Taxes 116 3,166 32,178 Corporation Income Taxes 94 28,413 106,514 Federal Unemployment Taxes 4 63 3,221 Estate and Gift Taxes & Misc IRS Rcpts. 1 17 193 Change in Balance of Unclassified Taxes 0 0 0 Total 5,419 169,775 1,039,698 These Receipts were deposited in: Federal Reserve Account: Directly 49 1,683 17,909 Collector Depositaries 1,751 45,368 303,102 Tax and Loan Accounts 3,612 117,837 680,642 Inter-agency Transfers 6 4,887 38,045 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) 3 34 3,575 3,612 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 3 34 3,575 3,612 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 23, 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 $ 3,614 $ 54,353 $ 211,554 Business 1,060 5,529 32,295 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.