1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday May 17, 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 $ 92,188 $ 101,035 $ 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 92,188 101,035 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday May 17, 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) 10 307 6,347 Air Transport Security Fees 2 8 1,355 Commodity Credit Corporation programs 26 419 5,379 Customs and Certain Excise Taxes 66 1,226 23,840 Deposits by States: Supplemental Security Income 3 41 2,630 Unemployment 101 19,698 42,574 Education Department programs 68 2,029 19,623 Energy Department programs 14 169 4,716 Estate and Gift Taxes 12 523 9,259 Federal Reserve Earnings 0 7,583 50,035 Foreign Deposits, Military Sales 5 1,775 15,594 FTD's Received (Table IV) 2,010 94,182 633,680 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 6 117 2,113 Individual Income and Employment Taxes, Not Withheld 203 7,440 242,988 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 4 1,308 5,565 Postal Service 279 4,493 56,920 Public Debt Cash Issues (Table III-B) 95,161 401,457 5,036,286 Other Deposits: Interior 50 265 1,729 Medicare Premiums 72 680 14,987 Total Other Deposits 122 8,462 92,932 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 98,093 551,237 7,027,499 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) 98,093 551,237 7,025,693 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday May 17, 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 25 238 13,164 Defense Vendor Payments (EFT) 1,381 17,245 234,400 Education Department programs 523 7,244 135,717 Energy Department programs 151 1,696 25,721 Federal Employees Insurance Payments 160 3,452 43,570 Fed. Highway Administration programs 238 1,968 24,242 Federal Salaries (EFT) 781 8,645 110,993 Food and Nutrition Service (misc) 378 5,849 65,242 GSA programs 159 1,306 13,630 Health and Human Services Grants (misc) 366 4,516 62,235 Housing and Urban Development programs 144 4,864 48,427 Interest on Treasury Securities 1 29,156 148,823 Justice Department programs 40 846 11,019 Labor Dept. prgms (excl. unemployment) 63 729 9,025 Medicaid 1,825 14,571 153,640 Medicare 1,506 33,484 332,244 NASA programs 44 801 9,639 Postal Service Money Orders and Other 108 1,992 26,023 Public Debt Cash Redemp. (Table III-B) 97,443 373,636 4,232,151 Social Security Benefits (EFT) 52 44,925 421,462 Supple. Nutrition Assist. Program (SNAP) 6 196 3,194 Temporary Assistance for Needy Families (HHS) 24 777 10,572 Transportation Security Admin. (DHS) 1 12 490 Unemployment Insurance Benefits 268 4,631 62,186 Veterans Affairs programs 128 2,252 26,162 Other Withdrawals: Agency for Internat'l Development 57 654 8,554 Federal Railroad Admin. 105 139 1,795 IRS Tax Refunds Individual (EFT) 91 8,579 232,587 TARP 75 125 1,857 Tennessee Valley Authority (net) -413 -433 -708 Unclassified 1,212 23,729 230,525 Total, Other Withdrawals 1,127 60,637 767,624 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 106,940 625,668 6,991,595 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 106,940 625,668 6,991,595 Net Change in Operating Cash Balance -8,847 -74,432 34,098 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday May 17, 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 93,288 305,002 3,386,723 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 3,129 9,439 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 41 1,908 Interest Increment 1 487 4,337 Government Account Series 239,199 3,098,582 37,501,148 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 793 10,182 80,469 Other 1,107 10,521 128,397 Total Issues 334,578 3,504,446 42,549,021 (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 96,282 308,004 3,303,806 Notes 0 41,194 717,189 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 32 490 6,481 Government Account Series 233,066 3,110,356 37,394,387 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 28 13,244 75,620 Other 1,100 10,504 128,455 Total Redemptions 330,508 3,483,991 41,626,538 Net Change in Public Debt Outstanding 4,069 20,455 922,483 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday May 17, 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) 334,578 3,504,446 42,549,021 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 29 137 909 Bonds and Notes (-) 0 655 5,089 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 239,199 3,098,582 37,501,148 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 487 4,337 Inflation-Protected Securities Increment 188 3,129 8,676 Total Public Debt Cash Issues Deposited in Federal Reserve Account 95,161 401,457 5,036,286 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 330,508 3,483,991 41,626,538 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 (-) 233,066 3,110,356 37,394,387 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 97,443 373,636 4,232,151 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday May 17, 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 $ 10,948,486 $ 10,950,509 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,764,337 4,758,245 4,776,297 4,663,309 Total Public Debt Outstanding 15,712,823 15,708,754 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,048 33,029 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 15,670,365 15,666,314 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 17, 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 $ 2,169 $ 87,692 $ 1,153,564 Individual Income Taxes 13 497 30,811 Railroad Retirement Taxes 1 198 2,818 Excise Taxes 7 3,408 45,645 Corporation Income Taxes 30 6,879 146,167 Federal Unemployment Taxes 3 120 6,304 Estate and Gift Taxes & Misc IRS Rcpts. 1 15 402 Change in Balance of Unclassified Taxes 0 0 0 Total 2,223 98,809 1,385,710 These Receipts were deposited in: Federal Reserve Account: Directly 41 2,092 24,445 Collector Depositaries 1,968 92,090 609,235 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 214 4,627 51,343 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 17, 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 $ 227 $ 16,478 $ 297,507 Business 54 1,806 41,626 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.