1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday May 14, 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 $ 101,061 $ 96,750 $ 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 101,061 96,750 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday May 14, 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) 32 232 6,272 Air Transport Security Fees 0 5 1,352 Commodity Credit Corporation programs 29 330 5,290 Customs and Certain Excise Taxes 135 1,019 23,633 Deposits by States: Supplemental Security Income 3 31 2,620 Unemployment 182 19,219 42,096 Education Department programs 122 1,461 19,054 Energy Department programs 9 131 4,678 Estate and Gift Taxes 85 436 9,172 Federal Reserve Earnings 0 5,882 48,335 Foreign Deposits, Military Sales 4 1,572 15,391 FTD's Received (Table IV) 13,084 69,281 608,779 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 103 2,098 Individual Income and Employment Taxes, Not Withheld 192 6,549 242,097 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 6 1,032 5,289 Postal Service 351 3,563 55,989 Public Debt Cash Issues (Table III-B) 1,015 226,973 4,861,802 Other Deposits: Defense Finance & Accounting Service 51 284 4,643 TARP 318 6,219 29,868 Total Other Deposits 369 7,971 92,441 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 15,620 345,790 6,822,052 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) 15,620 345,790 6,820,246 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday May 14, 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 20 187 13,113 Defense Vendor Payments (EFT) 1,168 13,318 230,473 Education Department programs 427 5,418 133,890 Energy Department programs 110 1,332 25,357 Federal Employees Insurance Payments 170 2,827 42,945 Fed. Highway Administration programs 177 1,535 23,809 Federal Salaries (EFT) 1,406 7,209 109,558 Food and Nutrition Service (misc) 932 4,614 64,006 GSA programs 49 1,030 13,355 Health and Human Services Grants (misc) 401 3,499 61,218 Housing and Urban Development programs 297 4,327 47,889 Interest on Treasury Securities 1 244 119,911 Justice Department programs 69 703 10,876 Labor Dept. prgms (excl. unemployment) 45 586 8,881 Medicaid 502 10,821 149,890 Medicare 1,173 28,941 327,700 NASA programs 44 654 9,492 Postal Service Money Orders and Other 270 1,637 25,668 Public Debt Cash Redemp. (Table III-B) 827 230,464 4,088,980 Social Security Benefits (EFT) 42 34,282 410,819 Supple. Nutrition Assist. Program (SNAP) 44 170 3,168 Temporary Assistance for Needy Families (HHS) 173 612 10,407 Transportation Security Admin. (DHS) 1 10 487 Unemployment Insurance Benefits 315 3,406 60,961 Veterans Affairs programs 192 1,869 25,779 Other Withdrawals: Farm Credit Insurance Corp. 50 50 71 HHS: Indian Health Service 50 293 5,341 IRS Tax Refunds Individual (EFT) 159 7,455 231,463 State Department 121 540 6,456 Thrift Savings Plan Transfer 133 1,197 16,979 Treasury Department programs 79 79 1,600 Veterans Benefits (EFT) 57 4,295 30,330 Unclassified 1,806 19,651 226,447 Total, Other Withdrawals 2,455 51,655 758,642 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,310 411,349 6,777,276 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 11,310 411,349 6,777,276 Net Change in Operating Cash Balance 4,310 -65,559 42,971 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday May 14, 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 -1 211,715 3,293,436 Cash Management Series 0 0 50,001 Notes 0 -2 1,188,061 Bonds 0 0 121,234 Inflation-Protected Securities Increment 565 2,564 8,874 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 33 1,900 Interest Increment 0 484 4,334 Government Account Series 234,822 2,384,848 36,787,414 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 279 7,406 77,692 Other 734 7,929 125,805 Total Issues 236,403 2,614,977 41,659,552 (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 0 211,722 3,207,523 Notes 0 0 675,995 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 384 6,374 Government Account Series 232,762 2,399,885 36,683,916 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 55 10,241 72,617 Other 735 7,918 125,869 Total Redemptions 233,589 2,630,349 40,772,896 Net Change in Public Debt Outstanding 2,814 -15,372 886,656 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday May 14, 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) 236,403 2,614,977 41,659,552 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 0 108 880 Bonds and Notes (-) 0 0 4,434 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 234,822 2,384,848 36,787,414 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 484 4,334 Inflation-Protected Securities Increment 565 2,564 8,111 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,015 226,973 4,861,802 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 233,589 2,630,349 40,772,896 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 (-) 232,762 2,399,885 36,683,916 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 827 230,464 4,088,980 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday May 14, 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 $ 10,915,801 $ 10,915,076 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,761,196 4,759,107 4,776,297 4,663,309 Total Public Debt Outstanding 15,676,996 15,674,183 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,051 33,084 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 15,634,534 15,631,688 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 Monday May 14, 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 $ 10,662 $ 68,648 $ 1,134,520 Individual Income Taxes 47 335 30,649 Railroad Retirement Taxes 37 166 2,786 Excise Taxes 2,314 3,285 45,522 Corporation Income Taxes 531 873 140,161 Federal Unemployment Taxes 5 105 6,289 Estate and Gift Taxes & Misc IRS Rcpts. 2 13 400 Change in Balance of Unclassified Taxes 0 0 0 Total 13,599 73,425 1,360,327 These Receipts were deposited in: Federal Reserve Account: Directly 1,025 1,949 24,302 Collector Depositaries 12,060 67,332 584,477 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 515 4,144 50,861 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 Monday May 14, 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 $ 332 $ 14,901 $ 295,930 Business 16 1,267 41,087 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.