1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday May 18, 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 $ 90,860 $ 92,188 $ 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 90,860 92,188 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday May 18, 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) 14 320 6,360 Air Transport Security Fees 0 8 1,356 Commodity Credit Corporation programs 56 475 5,436 Customs and Certain Excise Taxes 85 1,311 23,925 Deposits by States: Supplemental Security Income 3 43 2,633 Unemployment 92 19,789 42,666 Education Department programs 62 2,091 19,684 Energy Department programs 41 210 4,757 Estate and Gift Taxes 28 551 9,287 Federal Reserve Earnings 0 7,583 50,035 Foreign Deposits, Military Sales 10 1,785 15,604 FTD's Received (Table IV) 6,690 100,872 640,370 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 119 2,115 Individual Income and Employment Taxes, Not Withheld 228 7,668 243,216 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 13 1,321 5,578 Postal Service 294 4,787 57,214 Public Debt Cash Issues (Table III-B) 762 402,218 5,037,048 Other Deposits: Interior 79 344 1,807 Medicare Premiums 142 822 15,129 Thrift Savings Plan Transfer 126 592 13,342 Total Other Deposits 346 8,808 93,278 Change in Balance of Uncollected Funds -1 -1 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 8,724 559,961 7,036,223 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) 8,724 559,961 7,034,417 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday May 18, 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 16 254 13,181 Defense Vendor Payments (EFT) 1,564 18,808 235,964 Education Department programs 954 8,198 136,670 Energy Department programs 600 2,296 26,321 Federal Employees Insurance Payments 156 3,608 43,726 Fed. Highway Administration programs 224 2,191 24,465 Federal Salaries (EFT) 88 8,733 111,081 Food and Nutrition Service (misc) 321 6,170 65,563 GSA programs 36 1,342 13,666 Health and Human Services Grants (misc) 284 4,800 62,519 Housing and Urban Development programs 227 5,092 48,654 Interest on Treasury Securities 1 29,157 148,825 Justice Department programs 78 925 11,097 Labor Dept. prgms (excl. unemployment) 49 778 9,074 Medicaid 886 15,458 154,527 Medicare 1,577 35,061 333,821 NASA programs 88 888 9,727 Postal Service Money Orders and Other 120 2,112 26,143 Public Debt Cash Redemp. (Table III-B) 826 374,461 4,232,977 Social Security Benefits (EFT) 37 44,958 421,495 Supple. Nutrition Assist. Program (SNAP) 8 203 3,201 Temporary Assistance for Needy Families (HHS) 35 812 10,606 Transportation Security Admin. (DHS) 6 18 495 Unemployment Insurance Benefits 144 4,774 62,330 Veterans Affairs programs 120 2,372 26,282 Other Withdrawals: Agency for Internat'l Development 52 706 8,606 Emergency Prep & Response (DHS) 53 492 8,097 Federal Transit Admin. 75 539 7,627 Interior 57 481 7,309 IRS Tax Refunds Individual (EFT) 60 8,636 232,645 Unclassified 1,312 25,044 231,840 Total, Other Withdrawals 1,610 62,249 769,236 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 10,052 635,720 7,001,647 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 10,052 635,720 7,001,647 Net Change in Operating Cash Balance -1,328 -75,760 32,770 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday May 18, 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 0 305,002 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 189 3,318 9,628 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 44 1,911 Interest Increment 1 488 4,337 Government Account Series 231,936 3,330,517 37,733,083 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 20 10,202 80,489 Other 739 11,259 129,136 Total Issues 232,887 3,737,333 42,781,908 (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 0 308,004 3,303,806 Notes 0 41,194 717,189 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 35 525 6,515 Government Account Series 232,677 3,343,033 37,627,065 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 51 13,295 75,672 Other 740 11,244 129,195 Total Redemptions 233,503 3,717,495 41,860,042 Net Change in Public Debt Outstanding -616 19,839 921,866 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday May 18, 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) 232,887 3,737,333 42,781,908 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 0 137 909 Bonds and Notes (-) 0 655 5,089 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 231,936 3,330,517 37,733,083 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 488 4,337 Inflation-Protected Securities Increment 189 3,318 8,865 Total Public Debt Cash Issues Deposited in Federal Reserve Account 762 402,218 5,037,048 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 233,503 3,717,495 41,860,042 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 (-) 232,677 3,343,033 37,627,065 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 826 374,461 4,232,977 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday May 18, 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 $ 10,948,855 $ 10,948,486 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,763,351 4,764,337 4,776,297 4,663,309 Total Public Debt Outstanding 15,712,207 15,712,823 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,037 33,048 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 15,669,759 15,670,365 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 Friday May 18, 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 $ 6,533 $ 94,225 $ 1,160,097 Individual Income Taxes 22 519 30,833 Railroad Retirement Taxes 10 208 2,829 Excise Taxes 18 3,426 45,663 Corporation Income Taxes 107 6,987 146,274 Federal Unemployment Taxes 3 123 6,307 Estate and Gift Taxes & Misc IRS Rcpts. 1 16 403 Change in Balance of Unclassified Taxes 0 0 0 Total 6,695 105,503 1,392,405 These Receipts were deposited in: Federal Reserve Account: Directly 33 2,125 24,478 Collector Depositaries 6,657 98,748 615,892 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 5 4,631 51,348 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 Friday May 18, 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 $ 1,554 $ 18,029 $ 299,058 Business 6 1/ 1,758 1/ 41,577 1/Includes an adjustment of $54 million for Business Income Tax Refunds issue d on May 17, 2012. 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.