1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday May 10, 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 $ 102,204 $ 102,803 $ 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 102,204 102,803 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday May 10, 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) 13 184 6,224 Air Transport Security Fees 0 4 1,351 Commodity Credit Corporation programs 34 265 5,225 Customs and Certain Excise Taxes 253 820 23,434 Deposits by States: Supplemental Security Income 1 26 2,616 Unemployment 383 18,710 41,587 Education Department programs 67 1,275 18,868 Energy Department programs 3 118 4,665 Estate and Gift Taxes 52 315 9,050 Federal Reserve Earnings 0 5,882 48,335 Foreign Deposits, Military Sales 38 1,505 15,324 FTD's Received (Table IV) 2,288 50,158 589,656 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 68 2,063 Individual Income and Employment Taxes, Not Withheld 169 6,176 241,724 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 20 1,008 5,265 Postal Service 303 2,910 55,336 Public Debt Cash Issues (Table III-B) 93,430 225,197 4,860,026 Other Deposits: TARP 5,750 5,901 29,549 Total Other Deposits 5,750 7,535 92,004 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 102,806 322,156 6,798,418 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) 102,806 322,156 6,796,612 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday May 10, 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 14 148 13,075 Defense Vendor Payments (EFT) 1,212 10,703 227,858 Education Department programs 472 4,320 132,792 Energy Department programs 163 1,048 25,073 Federal Employees Insurance Payments 522 2,456 42,574 Fed. Highway Administration programs 137 1,201 23,475 Federal Salaries (EFT) 121 2,776 105,124 Food and Nutrition Service (misc) 394 3,206 62,599 GSA programs 107 948 13,272 Health and Human Services Grants (misc) 376 2,770 60,489 Housing and Urban Development programs 185 3,873 47,435 Interest on Treasury Securities 1 241 119,908 Justice Department programs 52 538 10,711 Labor Dept. prgms (excl. unemployment) 60 487 8,782 Medicaid 1,433 8,656 147,725 Medicare 1,237 26,417 325,176 NASA programs 71 552 9,391 Postal Service Money Orders and Other 131 1,220 25,251 Public Debt Cash Redemp. (Table III-B) 94,862 228,832 4,087,347 Social Security Benefits (EFT) 46 34,204 410,741 Supple. Nutrition Assist. Program (SNAP) 32 119 3,117 Temporary Assistance for Needy Families (HHS) 31 395 10,190 Transportation Security Admin. (DHS) 1 8 485 Unemployment Insurance Benefits 265 2,947 60,502 Veterans Affairs programs 131 1,554 25,464 Other Withdrawals: HHS Deposit Fund Transfers to States 1/ 110 248 1,743 IRS Tax Refunds Individual (EFT) 132 7,175 231,184 U.S. District Courts (net) -505 -635 -2,795 Unclassified 1,614 16,152 222,948 Total, Other Withdrawals 1,350 46,952 753,939 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 103,406 386,571 6,752,498 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 103,406 386,571 6,752,498 Net Change in Operating Cash Balance -599 -64,416 44,114 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 Thursday May 10, 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 91,783 211,716 3,293,437 Cash Management Series 0 0 50,001 Notes 0 -2 1,188,061 Bonds 0 0 121,234 Inflation-Protected Securities Increment 189 1,810 8,119 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 27 1,895 Interest Increment 2 483 4,333 Government Account Series 236,531 1,916,486 36,319,052 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 635 7,103 77,390 Other 1,038 6,460 124,336 Total Issues 330,181 2,144,084 41,188,659 (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 93,786 211,722 3,207,523 Notes 0 0 675,995 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 314 6,305 Government Account Series 234,677 1,932,931 36,216,963 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 10 10,149 72,525 Other 1,025 6,447 124,398 Total Redemptions 329,539 2,161,763 40,304,310 Net Change in Public Debt Outstanding 641 -17,679 884,349 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday May 10, 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) 330,181 2,144,084 41,188,659 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 29 108 880 Bonds and Notes (-) 0 0 4,434 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 236,531 1,916,486 36,319,052 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 483 4,333 Inflation-Protected Securities Increment 189 1,810 7,357 Total Public Debt Cash Issues Deposited in Federal Reserve Account 93,430 225,197 4,860,026 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 329,539 2,161,763 40,304,310 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 (-) 234,677 1,932,931 36,216,963 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 94,862 228,832 4,087,347 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday May 10, 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 $ 10,915,030 $ 10,916,058 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,759,659 4,757,989 4,776,297 4,663,309 Total Public Debt Outstanding 15,674,689 15,674,048 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,095 33,076 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 15,632,184 15,631,561 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 Thursday May 10, 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 $ 1,679 $ 51,646 $ 1,117,518 Individual Income Taxes 34 249 30,563 Railroad Retirement Taxes 37 109 2,729 Excise Taxes 505 754 42,991 Corporation Income Taxes 37 246 139,533 Federal Unemployment Taxes 3 96 6,280 Estate and Gift Taxes & Misc IRS Rcpts. 1 10 397 Change in Balance of Unclassified Taxes 0 0 0 Total 2,296 53,109 1,340,011 These Receipts were deposited in: Federal Reserve Account: Directly 43 841 23,194 Collector Depositaries 2,246 49,317 566,462 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 7 2,951 49,668 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 Thursday May 10, 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 $ 357 $ 12,464 $ 293,493 Business 94 1,185 41,004 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.