1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 08, 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 $ 113,248 $ 117,906 $ 166,619 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 113,248 117,906 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 08, 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) 36 155 6,196 Air Transport Security Fees 0 4 1,351 Commodity Credit Corporation programs 42 212 5,172 Customs and Certain Excise Taxes 72 508 23,122 Deposits by States: Supplemental Security Income 2 23 2,612 Unemployment 856 17,622 40,499 Education Department programs 221 872 18,465 Energy Department programs 8 83 4,629 Estate and Gift Taxes 33 238 8,973 Federal Reserve Earnings 0 3,664 46,117 Foreign Deposits, Military Sales 17 1,464 15,283 FTD's Received (Table IV) 1,749 41,955 581,453 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 3 63 2,058 Individual Income and Employment Taxes, Not Withheld 276 5,538 241,086 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 8 975 5,232 Postal Service 459 2,298 54,724 Public Debt Cash Issues (Table III-B) 2,296 130,642 4,765,471 Other Deposits: Federal Housing Admin: Note Sales 335 760 9,814 Total Other Deposits 335 1,596 86,066 Change in Balance of Uncollected Funds -1 -1 4 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 6,413 207,909 6,684,172 Tax and Loan Note Accounts: FTD's Received (Table IV) 0 0 700,687 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 0 0 700,687 Total Deposits (excluding transfers) 6,413 207,909 6,682,366 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 08, 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 12 123 13,050 Defense Vendor Payments (EFT) 1,367 8,302 225,457 Education Department programs 430 3,288 131,760 Energy Department programs 115 786 24,811 Federal Employees Insurance Payments 301 1,419 41,537 Fed. Highway Administration programs 131 786 23,060 Federal Salaries (EFT) 149 2,559 104,907 Food and Nutrition Service (misc) 395 2,359 61,752 GSA programs 50 778 13,103 Health and Human Services Grants (misc) 406 2,030 59,750 Housing and Urban Development programs 179 3,550 47,113 Interest on Treasury Securities 1 240 119,907 Justice Department programs 85 454 10,627 Labor Dept. prgms (excl. unemployment) 44 386 8,682 Medicaid 1,350 6,386 145,455 Medicare 1,213 23,703 322,463 NASA programs 160 437 9,276 Postal Service Money Orders and Other 182 959 24,990 Public Debt Cash Redemp. (Table III-B) 768 133,211 3,991,727 Social Security Benefits (EFT) 37 23,432 399,969 Supple. Nutrition Assist. Program (SNAP) 7 82 3,080 Temporary Assistance for Needy Families (HHS) 45 317 10,112 Transportation Security Admin. (DHS) 1 6 483 Unemployment Insurance Benefits 492 2,271 59,826 Veterans Affairs programs 110 1,311 25,221 Other Withdrawals: IRS Tax Refunds Business (EFT) 248 344 16,576 IRS Tax Refunds Individual (EFT) 172 5,822 229,831 Pmt. to Int'l Bk for Reconstruction 135 135 577 Small Business Administration 182 232 2,379 Thrift Savings Plan Transfer 133 656 16,438 Unclassified 2,169 12,489 219,285 Total, Other Withdrawals 3,040 42,106 749,094 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,071 261,281 6,627,208 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 11,071 261,281 6,627,208 Net Change in Operating Cash Balance -4,658 -53,371 55,158 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 08, 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 0 119,934 3,201,654 Cash Management Series 0 0 50,001 Notes 0 -2 1,188,061 Bonds 0 0 121,234 Inflation-Protected Securities Increment 188 1,432 7,742 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 21 1,888 Interest Increment 0 481 4,330 Government Account Series 240,411 1,444,267 35,846,833 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 1,571 6,068 76,354 Other 723 4,699 122,576 Total Issues 242,895 1,576,900 40,621,475 (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 0 117,936 3,113,737 Notes 0 0 675,995 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 44 238 6,228 Government Account Series 232,191 1,450,330 35,734,361 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 0 10,139 72,515 Other 724 4,699 122,651 Total Redemptions 232,959 1,583,541 39,726,088 Net Change in Public Debt Outstanding 9,936 -6,641 895,387 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 08, 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) 242,895 1,576,900 40,621,475 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 0 79 851 Bonds and Notes (-) 0 0 4,434 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 240,411 1,444,267 35,846,833 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 481 4,330 Inflation-Protected Securities Increment 188 1,432 6,979 Total Public Debt Cash Issues Deposited in Federal Reserve Account 2,296 130,642 4,765,471 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 232,959 1,583,541 39,726,088 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 (-) 232,191 1,450,330 35,734,361 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 768 133,211 3,991,727 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 08, 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 $ 10,915,510 $ 10,913,956 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,770,217 4,761,835 4,776,297 4,663,309 Total Public Debt Outstanding 15,685,727 15,675,791 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,087 33,098 33,094 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 15,643,229 15,633,283 15,649,863 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 May 08, 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 $ 1,652 $ 43,610 $ 1,109,482 Individual Income Taxes 22 191 30,505 Railroad Retirement Taxes 1 70 2,690 Excise Taxes 65 176 42,413 Corporation Income Taxes 25 179 139,466 Federal Unemployment Taxes 4 87 6,271 Estate and Gift Taxes & Misc IRS Rcpts. 1 6 394 Change in Balance of Unclassified Taxes 0 0 0 Total 1,771 44,320 1,331,222 These Receipts were deposited in: Federal Reserve Account: Directly 118 732 23,085 Collector Depositaries 1,631 41,223 558,368 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 22 2,365 49,081 As of April 2, 2012, Federal Tax Deposits were no longer reported as being deposited in Tax and Loan Accounts in Table IV and since then have been reflected as deposits from collector depositaries. 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) 0 0 0 0 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 0 0 0 0 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 May 08, 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 $ 479 $ 10,622 $ 291,651 Business 629 993 40,812 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.