1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday May 24, 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 $ 71,897 $ 80,366 $ 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 71,897 80,366 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday May 24, 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) 22 422 6,462 Air Transport Security Fees 1 11 1,359 Commodity Credit Corporation programs 16 606 5,567 Customs and Certain Excise Taxes 55 3,100 25,714 Deposits by States: Supplemental Security Income 3 58 2,648 Unemployment 43 20,124 43,001 Education Department programs 73 2,591 20,184 Energy Department programs 59 442 4,989 Estate and Gift Taxes 18 728 9,463 Federal Reserve Earnings 0 8,892 51,344 Foreign Deposits, Military Sales 2 1,845 15,664 FTD's Received (Table IV) 1,869 121,072 660,570 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 0 265 2,260 Individual Income and Employment Taxes, Not Withheld 156 8,769 244,317 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 8 1,360 5,617 Postal Service 272 6,001 58,428 Public Debt Cash Issues (Table III-B) 92,027 498,125 5,132,955 Other Deposits: Medicare Premiums 158 1,670 15,977 Thrift Savings Plan Transfer 110 852 13,603 Total Other Deposits 268 10,452 94,922 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 94,894 684,864 7,161,126 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) 94,894 684,864 7,159,321 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday May 24, 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 1 289 13,216 Defense Vendor Payments (EFT) 1,457 25,165 242,321 Education Department programs 563 10,405 138,877 Energy Department programs 122 2,788 26,814 Federal Employees Insurance Payments 798 5,204 45,322 Fed. Highway Administration programs 146 2,695 24,969 Federal Salaries (EFT) 91 9,104 111,452 Food and Nutrition Service (misc) 276 7,650 67,043 GSA programs 152 1,663 13,988 Health and Human Services Grants (misc) 300 6,036 63,756 Housing and Urban Development programs 170 5,667 49,229 Interest on Treasury Securities 0 29,161 148,828 Justice Department programs 43 1,114 11,287 Labor Dept. prgms (excl. unemployment) 114 1,026 9,322 Medicaid 1,020 18,557 157,626 Medicare 2,142 42,848 341,607 NASA programs 115 1,175 10,013 Postal Service Money Orders and Other 105 2,569 26,600 Public Debt Cash Redemp. (Table III-B) 93,614 470,451 4,328,967 Social Security Benefits (EFT) 1/ -1 55,756 432,293 Supple. Nutrition Assist. Program (SNAP) 20 262 3,260 Temporary Assistance for Needy Families (HHS) 38 925 10,719 Transportation Security Admin. (DHS) 1 22 499 Unemployment Insurance Benefits 259 6,201 63,756 Veterans Affairs programs 110 2,927 26,837 Other Withdrawals: Agriculture Loan Payments (misc) 66 647 5,656 Centers for Disease Control 59 290 3,614 Federal Transit Admin. 72 670 7,757 HHS: Indian Health Service 53 425 5,472 IRS Tax Refunds Individual (EFT) 60 9,456 233,465 Unclassified 1,395 30,648 237,444 Total, Other Withdrawals 1,705 69,926 776,913 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 103,362 779,586 7,145,513 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 103,362 779,586 7,145,513 Net Change in Operating Cash Balance -8,468 -94,722 13,808 1/Reported as a negative amount due to a return/reversal of $2 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday May 24, 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 89,417 394,415 3,476,135 Cash Management Series 0 0 50,001 Notes 0 59,501 1,247,564 Bonds 0 17,001 138,235 Inflation-Protected Securities Increment 189 4,450 10,759 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 55 1,922 Interest Increment 1 490 4,339 Government Account Series 241,270 4,279,458 38,682,024 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 1,503 13,360 83,646 Other 1,132 14,613 132,489 Total Issues 333,514 4,783,342 43,827,917 (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 92,422 400,426 3,396,228 Notes 0 41,194 717,189 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 34 664 6,655 Government Account Series 241,752 4,292,813 38,576,844 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 28 13,370 75,746 Other 1,131 14,597 132,548 Total Redemptions 335,365 4,763,264 42,905,811 Net Change in Public Debt Outstanding -1,851 20,078 922,106 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday May 24, 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) 333,514 4,783,342 43,827,917 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 27 164 937 Bonds and Notes (-) 0 655 5,089 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 241,270 4,279,458 38,682,024 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 490 4,339 Inflation-Protected Securities Increment 189 4,450 9,997 Total Public Debt Cash Issues Deposited in Federal Reserve Account 92,027 498,125 5,132,955 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 335,365 4,763,264 42,905,811 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 (-) 241,752 4,292,813 38,576,844 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 93,614 470,451 4,328,967 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday May 24, 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 $ 10,950,490 $ 10,951,300 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,761,956 4,762,998 4,776,297 4,663,309 Total Public Debt Outstanding 15,712,446 15,714,298 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 487 487 Unamortized Discount 32,998 32,982 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 15,670,038 15,671,905 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 24, 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 $ 1,801 $ 114,217 $ 1,180,089 Individual Income Taxes 17 611 30,925 Railroad Retirement Taxes 0 231 2,851 Excise Taxes 104 3,592 45,829 Corporation Income Taxes 82 7,167 146,455 Federal Unemployment Taxes 2 136 6,320 Estate and Gift Taxes & Misc IRS Rcpts. 1 19 406 Change in Balance of Unclassified Taxes 0 0 0 Total 2,008 125,973 1,412,874 These Receipts were deposited in: Federal Reserve Account: Directly 35 2,305 24,658 Collector Depositaries 1,834 118,767 635,912 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 139 4,901 51,617 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 24, 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 $ 135 $ 19,160 $ 300,189 Business 40 2,480 42,299 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.