1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday May 23, 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 $ 80,366 $ 91,111 $ 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 80,366 91,111 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday May 23, 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) 26 400 6,441 Air Transport Security Fees 1 10 1,358 Commodity Credit Corporation programs 48 590 5,550 Customs and Certain Excise Taxes 55 3,045 25,658 Deposits by States: Supplemental Security Income 6 56 2,645 Unemployment 67 20,081 42,957 Education Department programs 81 2,517 20,111 Energy Department programs 74 384 4,930 Estate and Gift Taxes 85 710 9,445 Federal Reserve Earnings 1,309 8,892 51,344 Foreign Deposits, Military Sales 50 1,843 15,662 FTD's Received (Table IV) 6,078 119,204 658,702 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 265 2,260 Individual Income and Employment Taxes, Not Withheld 401 8,612 244,160 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 19 1,352 5,609 Postal Service 265 5,729 58,155 Public Debt Cash Issues (Table III-B) 1,614 406,098 5,040,928 Other Deposits: TARP 506 6,941 30,590 Total Other Deposits 506 10,184 94,654 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 10,688 589,970 7,066,233 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) 10,688 589,970 7,064,427 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday May 23, 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 10 288 13,215 Defense Vendor Payments (EFT) 1,357 23,708 240,863 Education Department programs 636 9,842 138,314 Energy Department programs 120 2,666 26,691 Federal Employees Insurance Payments 278 4,406 44,524 Fed. Highway Administration programs 127 2,549 24,823 Federal Salaries (EFT) 104 9,012 111,360 Food and Nutrition Service (misc) 286 7,374 66,767 GSA programs 70 1,511 13,836 Health and Human Services Grants (misc) 297 5,736 63,456 Housing and Urban Development programs 132 5,497 49,059 Interest on Treasury Securities 1 29,160 148,827 Justice Department programs 38 1,071 11,244 Labor Dept. prgms (excl. unemployment) 49 912 9,208 Medicaid 955 17,537 156,606 Medicare 2,130 40,706 339,466 NASA programs 70 1,060 9,899 Postal Service Money Orders and Other 81 2,464 26,495 Public Debt Cash Redemp. (Table III-B) 770 376,837 4,235,353 Social Security Benefits (EFT) 10,724 55,759 432,295 Supple. Nutrition Assist. Program (SNAP) 7 242 3,240 Temporary Assistance for Needy Families (HHS) 27 887 10,681 Transportation Security Admin. (DHS) 1 21 498 Unemployment Insurance Benefits 394 5,942 63,497 Veterans Affairs programs 115 2,818 26,728 Other Withdrawals: Agency for Internat'l Development 51 805 8,705 Emergency Prep & Response (DHS) 53 678 8,283 IRS Tax Refunds Individual (EFT) 615 9,402 233,411 TARP 204 329 2,061 Tennessee Valley Authority (net) 393 -36 -311 Unclassified 1,339 29,251 236,047 Total, Other Withdrawals 2,655 68,220 775,207 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 21,434 676,224 7,042,151 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 21,434 676,224 7,042,151 Net Change in Operating Cash Balance -10,746 -86,254 22,276 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday May 23, 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 187 4,261 10,570 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 53 1,920 Interest Increment 1 489 4,339 Government Account Series 235,763 4,038,188 38,440,754 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 875 11,857 82,144 Other 736 13,480 131,357 Total Issues 237,565 4,449,828 43,494,403 (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 31 631 6,621 Government Account Series 243,716 4,051,061 38,335,093 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 3 13,342 75,718 Other 737 13,466 131,418 Total Redemptions 244,486 4,427,899 42,570,446 Net Change in Public Debt Outstanding -6,921 21,930 923,957 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday May 23, 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) 237,565 4,449,828 43,494,403 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 (-) 235,763 4,038,188 38,440,754 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 489 4,339 Inflation-Protected Securities Increment 187 4,261 9,808 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,614 406,098 5,040,928 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 244,486 4,427,899 42,570,446 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 (-) 243,716 4,051,061 38,335,093 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 770 376,837 4,235,353 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday May 23, 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 $ 10,951,300 $ 10,950,290 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,762,998 4,770,928 4,776,297 4,663,309 Total Public Debt Outstanding 15,714,298 15,721,219 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 487 487 Unamortized Discount 32,982 32,993 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 15,671,905 15,678,815 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 23, 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 $ 6,016 $ 112,416 $ 1,178,288 Individual Income Taxes 25 594 30,908 Railroad Retirement Taxes 2 230 2,851 Excise Taxes 22 3,488 45,725 Corporation Income Taxes 55 7,085 146,372 Federal Unemployment Taxes 4 134 6,318 Estate and Gift Taxes & Misc IRS Rcpts. 1 18 405 Change in Balance of Unclassified Taxes 0 0 0 Total 6,124 123,965 1,410,866 These Receipts were deposited in: Federal Reserve Account: Directly 74 2,270 24,623 Collector Depositaries 6,004 116,934 634,079 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 46 4,761 51,478 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 23, 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 $ 685 $ 19,031 $ 300,060 Business 61 2,440 42,260 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.