1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday May 16, 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 $ 101,035 $ 104,585 $ 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 101,035 104,585 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday May 16, 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) 16 296 6,337 Air Transport Security Fees 1 6 1,354 Commodity Credit Corporation programs 35 393 5,353 Customs and Certain Excise Taxes 65 1,160 23,773 Deposits by States: Supplemental Security Income 4 38 2,627 Unemployment 119 19,596 42,473 Education Department programs 131 1,961 19,554 Energy Department programs 12 155 4,702 Estate and Gift Taxes 42 511 9,247 Federal Reserve Earnings 1,700 7,583 50,035 Foreign Deposits, Military Sales 4 1,770 15,589 FTD's Received (Table IV) 12,621 92,172 631,670 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 3 111 2,107 Individual Income and Employment Taxes, Not Withheld 409 7,236 242,784 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 266 1,304 5,561 Postal Service 279 4,214 56,640 Public Debt Cash Issues (Table III-B) 1,544 306,296 4,941,125 Other Deposits: Medicare Premiums 85 608 14,916 Total Other Deposits 85 8,340 92,810 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 17,337 453,144 6,929,406 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) 17,337 453,144 6,927,600 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday May 16, 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 11 213 13,139 Defense Vendor Payments (EFT) 1,056 15,864 233,019 Education Department programs 805 6,721 135,193 Energy Department programs 82 1,545 25,571 Federal Employees Insurance Payments 251 3,292 43,410 Fed. Highway Administration programs 88 1,730 24,004 Federal Salaries (EFT) 93 7,864 110,212 Food and Nutrition Service (misc) 404 5,471 64,864 GSA programs 75 1,147 13,471 Health and Human Services Grants (misc) 332 4,149 61,869 Housing and Urban Development programs 183 4,721 48,283 Interest on Treasury Securities 2 29,156 148,823 Justice Department programs 32 806 10,979 Labor Dept. prgms (excl. unemployment) 49 666 8,962 Medicaid 1,079 12,747 151,816 Medicare 1,363 31,979 330,738 NASA programs 38 757 9,596 Postal Service Money Orders and Other 102 1,884 25,915 Public Debt Cash Redemp. (Table III-B) 771 276,193 4,134,709 Social Security Benefits (EFT) 10,557 44,875 421,412 Supple. Nutrition Assist. Program (SNAP) 12 190 3,188 Temporary Assistance for Needy Families (HHS) 78 753 10,548 Transportation Security Admin. (DHS) 1 11 489 Unemployment Insurance Benefits 416 4,363 61,918 Veterans Affairs programs 132 2,124 26,034 Other Withdrawals: Emergency Prep & Response (DHS) 55 410 8,014 IRS Tax Refunds Business (EFT) 58 555 16,786 IRS Tax Refunds Individual (EFT) 915 8,496 232,505 State Department 61 713 6,628 TARP 50 50 1,782 Thrift Savings Plan Transfer 180 1,405 17,187 Unclassified 1,556 22,514 229,311 Total, Other Withdrawals 2,874 59,507 766,495 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 20,887 518,728 6,884,656 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 20,887 518,728 6,884,656 Net Change in Operating Cash Balance -3,550 -65,585 42,945 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday May 16, 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 0 211,715 3,293,435 Cash Management Series 0 0 50,001 Notes 0 59,502 1,247,564 Bonds 0 17,001 138,235 Inflation-Protected Securities Increment 188 2,941 9,251 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 39 1,906 Interest Increment 1 486 4,336 Government Account Series 236,106 2,859,382 37,261,948 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 809 9,390 79,676 Other 733 9,413 127,290 Total Issues 237,840 3,169,869 42,214,443 (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 41,194 717,189 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 36 458 6,449 Government Account Series 244,431 2,877,290 37,161,321 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 1 13,216 75,592 Other 734 9,404 127,355 Total Redemptions 245,202 3,153,483 41,296,030 Net Change in Public Debt Outstanding -7,362 16,386 918,413 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday May 16, 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) 237,840 3,169,869 42,214,443 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 0 108 880 Bonds and Notes (-) 0 655 5,089 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 236,106 2,859,382 37,261,948 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 486 4,336 Inflation-Protected Securities Increment 188 2,941 8,488 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,544 306,296 4,941,125 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 245,202 3,153,483 41,296,030 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 (-) 244,431 2,877,290 37,161,321 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 771 276,193 4,134,709 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday May 16, 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 $ 10,950,509 $ 10,949,750 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,758,245 4,766,366 4,776,297 4,663,309 Total Public Debt Outstanding 15,708,754 15,716,116 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,029 33,040 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 15,666,314 15,673,665 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 Wednesday May 16, 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 $ 12,460 $ 85,523 $ 1,151,395 Individual Income Taxes 26 484 30,798 Railroad Retirement Taxes 28 197 2,817 Excise Taxes 21 3,401 45,638 Corporation Income Taxes 89 6,849 146,137 Federal Unemployment Taxes 5 116 6,300 Estate and Gift Taxes & Misc IRS Rcpts. 1 14 401 Change in Balance of Unclassified Taxes 0 0 0 Total 12,630 96,585 1,383,487 These Receipts were deposited in: Federal Reserve Account: Directly 46 2,051 24,404 Collector Depositaries 12,575 90,122 607,267 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 9 4,413 51,130 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 Wednesday May 16, 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 $ 1,072 $ 16,259 $ 297,289 Business 73 1,752 41,571 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.