1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 22, 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 $ 91,111 $ 94,339 $ 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 91,111 94,339 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 22, 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) 36 374 6,414 Air Transport Security Fees 1 9 1,357 Commodity Credit Corporation programs 31 542 5,502 Customs and Certain Excise Taxes 1,549 2,990 25,604 Deposits by States: Supplemental Security Income 4 50 2,639 Unemployment 78 20,014 42,891 Education Department programs 249 2,436 20,029 Energy Department programs 49 309 4,856 Estate and Gift Taxes 56 624 9,360 Federal Reserve Earnings 0 7,583 50,035 Foreign Deposits, Military Sales 3 1,793 15,612 FTD's Received (Table IV) 2,307 113,125 652,623 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 139 263 2,258 Individual Income and Employment Taxes, Not Withheld 274 8,211 243,759 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 6 1,333 5,590 Postal Service 354 5,464 57,890 Public Debt Cash Issues (Table III-B) 1,412 404,484 5,039,314 Other Deposits: Medicare Premiums 106 1,474 15,782 Overseas Private Investment Co. 63 78 327 Total Other Deposits 168 9,678 94,148 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 6,715 579,283 7,055,545 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) 6,715 579,283 7,053,739 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 22, 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 8 278 13,205 Defense Vendor Payments (EFT) 2,091 22,351 239,506 Education Department programs 470 9,206 137,678 Energy Department programs 133 2,546 26,572 Federal Employees Insurance Payments 287 4,128 44,246 Fed. Highway Administration programs 175 2,421 24,695 Federal Salaries (EFT) 55 8,908 111,256 Food and Nutrition Service (misc) 288 7,088 66,481 GSA programs 51 1,441 13,766 Health and Human Services Grants (misc) 335 5,439 63,159 Housing and Urban Development programs 121 5,365 48,927 Interest on Treasury Securities 1 29,159 148,826 Justice Department programs 61 1,033 11,206 Labor Dept. prgms (excl. unemployment) 40 863 9,159 Medicaid 785 16,582 155,651 Medicare 1,738 38,576 337,336 NASA programs 38 990 9,828 Postal Service Money Orders and Other 105 2,383 26,414 Public Debt Cash Redemp. (Table III-B) 788 376,067 4,234,583 Social Security Benefits (EFT) 43 45,036 421,573 Supple. Nutrition Assist. Program (SNAP) 24 235 3,233 Temporary Assistance for Needy Families (HHS) 36 860 10,654 Transportation Security Admin. (DHS) 1 20 497 Unemployment Insurance Benefits 505 5,548 63,103 Veterans Affairs programs 120 2,703 26,613 Other Withdrawals: Emergency Prep & Response (DHS) 86 625 8,230 IRS Tax Refunds Business (EFT) 152 717 16,948 IRS Tax Refunds Individual (EFT) 72 8,788 232,796 Unclassified 1,334 27,911 234,707 Total, Other Withdrawals 1,644 65,563 772,550 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,942 654,790 7,020,718 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 9,942 654,790 7,020,718 Net Change in Operating Cash Balance -3,227 -75,508 33,022 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 22, 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 0 304,998 3,386,719 Cash Management Series 0 0 50,001 Notes 0 59,501 1,247,564 Bonds 0 17,001 138,235 Inflation-Protected Securities Increment 190 4,073 10,383 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 50 1,917 Interest Increment 0 489 4,338 Government Account Series 237,477 3,802,425 38,204,991 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 666 10,981 81,268 Other 744 12,744 130,621 Total Issues 239,079 4,212,263 43,256,838 (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 39 600 6,590 Government Account Series 232,534 3,807,345 38,091,377 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 1 13,340 75,716 Other 748 12,730 130,681 Total Redemptions 233,322 4,183,413 42,325,960 Net Change in Public Debt Outstanding 5,757 28,851 930,878 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 22, 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) 239,079 4,212,263 43,256,838 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 (-) 237,477 3,802,425 38,204,991 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 489 4,338 Inflation-Protected Securities Increment 190 4,073 9,620 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,412 404,484 5,039,314 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 233,322 4,183,413 42,325,960 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 (-) 232,534 3,807,345 38,091,377 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 788 376,067 4,234,583 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 22, 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 $ 10,950,290 $ 10,949,503 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,770,928 4,765,958 4,776,297 4,663,309 Total Public Debt Outstanding 15,721,219 15,715,461 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 487 487 487 Unamortized Discount 32,993 33,004 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 15,678,815 15,673,047 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 Tuesday May 22, 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 $ 2,278 $ 106,400 $ 1,172,272 Individual Income Taxes 17 569 30,883 Railroad Retirement Taxes 2 228 2,848 Excise Taxes 18 3,466 45,703 Corporation Income Taxes 21 7,031 146,318 Federal Unemployment Taxes 3 129 6,314 Estate and Gift Taxes & Misc IRS Rcpts. 0 17 404 Change in Balance of Unclassified Taxes 0 0 0 Total 2,340 117,841 1,404,742 These Receipts were deposited in: Federal Reserve Account: Directly 36 2,196 24,549 Collector Depositaries 2,271 110,930 628,074 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 33 4,715 51,432 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 Tuesday May 22, 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 $ 139 $ 18,346 $ 299,375 Business 530 2,379 42,199 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.