1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday May 21, 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 $ 94,339 $ 90,860 $ 166,619 $ 56,284 Supplementary Financing Programs 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance 94,339 90,860 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday May 21, 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) 18 338 6,378 Air Transport Security Fees 0 8 1,356 Commodity Credit Corporation programs 35 511 5,471 Customs and Certain Excise Taxes 130 1,441 24,055 Deposits by States: Supplemental Security Income 2 46 2,635 Unemployment 147 19,936 42,813 Education Department programs 96 2,187 19,780 Energy Department programs 50 260 4,807 Estate and Gift Taxes 18 569 9,304 Federal Reserve Earnings 0 7,583 50,035 Foreign Deposits, Military Sales 5 1,790 15,609 FTD's Received (Table IV) 9,946 110,818 650,316 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 5 124 2,120 Individual Income and Employment Taxes, Not Withheld 271 7,938 243,486 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 6 1,327 5,584 Postal Service 322 5,109 57,536 Public Debt Cash Issues (Table III-B) 854 403,073 5,037,902 Other Deposits: Defense Finance & Accounting Service 52 431 4,790 Medicare Premiums 547 1,369 15,676 Thrift Savings Plan Transfer 104 695 13,446 Total Other Deposits 703 9,510 93,980 Change in Balance of Uncollected Funds 1 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 12,608 572,568 7,048,830 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) 12,608 572,568 7,047,024 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday May 21, 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 15 270 13,196 Defense Vendor Payments (EFT) 1,452 20,260 237,415 Education Department programs 538 8,736 137,208 Energy Department programs 118 2,414 26,439 Federal Employees Insurance Payments 232 3,841 43,959 Fed. Highway Administration programs 55 2,246 24,520 Federal Salaries (EFT) 120 8,853 111,201 Food and Nutrition Service (misc) 630 6,800 66,193 GSA programs 49 1,390 13,715 Health and Human Services Grants (misc) 305 5,104 62,824 Housing and Urban Development programs 152 5,244 48,806 Interest on Treasury Securities 1 29,158 148,825 Justice Department programs 47 972 11,145 Labor Dept. prgms (excl. unemployment) 45 823 9,119 Medicaid 340 15,798 154,867 Medicare 1,777 36,839 335,598 NASA programs 63 952 9,790 Postal Service Money Orders and Other 166 2,278 26,309 Public Debt Cash Redemp. (Table III-B) 818 375,280 4,233,795 Social Security Benefits (EFT) 37 44,994 421,531 Supple. Nutrition Assist. Program (SNAP) 8 211 3,209 Temporary Assistance for Needy Families (HHS) 12 824 10,618 Transportation Security Admin. (DHS) 1 19 496 Unemployment Insurance Benefits 268 5,043 62,598 Veterans Affairs programs 211 2,583 26,493 Other Withdrawals: HHS Deposit Fund Transfers to States 1/ 55 303 1,798 IRS Tax Refunds Individual (EFT) 82 8,716 232,724 Unclassified 1,531 26,575 233,372 Total, Other Withdrawals 1,668 63,918 770,905 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,129 644,848 7,010,775 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 9,129 644,848 7,010,775 Net Change in Operating Cash Balance 3,479 -72,281 36,249 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 Monday May 21, 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 -4 304,998 3,386,719 Cash Management Series 0 0 50,001 Notes 0 59,502 1,247,564 Bonds 0 17,001 138,235 Inflation-Protected Securities Increment 565 3,884 10,193 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 48 1,915 Interest Increment 1 488 4,338 Government Account Series 234,430 3,564,947 37,967,513 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 113 10,315 80,602 Other 741 12,001 129,877 Total Issues 235,851 3,973,184 43,017,759 (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 36 560 6,551 Government Account Series 231,778 3,574,811 37,858,842 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 44 13,339 75,715 Other 739 11,982 129,934 Total Redemptions 232,596 3,950,091 42,092,638 Net Change in Public Debt Outstanding 3,255 23,093 925,121 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday May 21, 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) 235,851 3,973,184 43,017,759 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 (-) 234,430 3,564,947 37,967,513 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 488 4,338 Inflation-Protected Securities Increment 565 3,884 9,431 Total Public Debt Cash Issues Deposited in Federal Reserve Account 854 403,073 5,037,902 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 232,596 3,950,091 42,092,638 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 (-) 231,778 3,574,811 37,858,842 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 818 375,280 4,233,795 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday May 21, 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 $ 10,949,503 $ 10,948,855 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,765,958 4,763,351 4,776,297 4,663,309 Total Public Debt Outstanding 15,715,461 15,712,207 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,004 33,037 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 15,673,047 15,669,759 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 21, 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 $ 9,897 $ 104,122 $ 1,169,994 Individual Income Taxes 33 552 30,866 Railroad Retirement Taxes 18 226 2,847 Excise Taxes 22 3,448 45,685 Corporation Income Taxes 23 7,009 146,297 Federal Unemployment Taxes 4 126 6,311 Estate and Gift Taxes & Misc IRS Rcpts. 1 17 404 Change in Balance of Unclassified Taxes 0 0 0 Total 9,998 115,501 1,402,403 These Receipts were deposited in: Federal Reserve Account: Directly 35 2,160 24,513 Collector Depositaries 9,911 108,659 625,804 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 52 4,683 51,399 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 21, 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 $ 181 $ 18,207 $ 299,236 Business 92 1,850 41,669 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.