1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday May 25, 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 $ 66,205 $ 71,897 $ 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 66,205 71,897 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday May 25, 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) 39 461 6,501 Air Transport Security Fees 7 18 1,365 Commodity Credit Corporation programs 32 638 5,598 Customs and Certain Excise Taxes 64 3,164 25,778 Deposits by States: Supplemental Security Income 2 60 2,650 Unemployment 38 20,162 43,039 Education Department programs 92 2,683 20,276 Energy Department programs 35 477 5,024 Estate and Gift Taxes 21 748 9,484 Federal Reserve Earnings 0 8,892 51,344 Foreign Deposits, Military Sales 9 1,854 15,673 FTD's Received (Table IV) 6,044 127,117 666,615 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 8 273 2,268 Individual Income and Employment Taxes, Not Withheld 206 8,975 244,523 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 7 1,367 5,624 Postal Service 269 6,271 58,697 Public Debt Cash Issues (Table III-B) 757 498,882 5,133,711 Other Deposits: Medicare Premiums 154 1,824 16,131 TARP 4 6,945 30,593 Thrift Savings Plan Transfer 817 1,670 14,420 Total Other Deposits 975 11,427 95,897 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 8,604 693,469 7,169,731 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) 8,604 693,469 7,167,925 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday May 25, 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 45 334 13,261 Defense Vendor Payments (EFT) 1,932 27,098 244,253 Education Department programs 849 11,255 139,727 Energy Department programs 250 3,038 27,063 Federal Employees Insurance Payments 190 5,395 45,513 Fed. Highway Administration programs 210 2,905 25,179 Federal Salaries (EFT) 3,006 12,110 114,458 Food and Nutrition Service (misc) 220 7,871 67,263 GSA programs 16 1,680 14,004 Health and Human Services Grants (misc) 506 6,542 64,262 Housing and Urban Development programs 168 5,835 49,398 Interest on Treasury Securities 1 29,161 148,828 Justice Department programs 554 1,668 11,841 Labor Dept. prgms (excl. unemployment) 56 1,082 9,378 Medicaid 976 19,533 158,602 Medicare 2,018 44,866 343,626 NASA programs 37 1,212 10,051 Postal Service Money Orders and Other 110 2,679 26,710 Public Debt Cash Redemp. (Table III-B) 806 471,257 4,329,773 Social Security Benefits (EFT) 1/ -3 55,751 432,288 Supple. Nutrition Assist. Program (SNAP) 8 270 3,268 Temporary Assistance for Needy Families (HHS) 30 955 10,749 Transportation Security Admin. (DHS) 1 23 500 Unemployment Insurance Benefits 152 6,353 63,908 Veterans Affairs programs 174 3,101 27,011 Other Withdrawals: Agriculture Loan Payments (misc) 67 714 5,723 Deposit Insurance Fund 261 631 6,970 Emergency Prep & Response (DHS) 62 767 8,372 Federal Financing Bank 105 536 6,879 IRS Tax Refunds Individual (EFT) 51 9,504 233,512 Small Business Administration 67 407 2,555 TARP 389 718 2,450 Thrift Savings Plan Transfer 133 1,691 17,473 Unclassified 845 31,494 238,290 Total, Other Withdrawals 1,980 71,908 778,895 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 14,297 793,883 7,159,810 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 14,297 793,883 7,159,810 Net Change in Operating Cash Balance -5,692 -100,414 8,115 1/Reported as a negative amount due to a return/reversal of $3 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday May 25, 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 -1 394,414 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 188 4,638 10,947 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 58 1,925 Interest Increment 0 490 4,340 Government Account Series 235,411 4,514,869 38,917,435 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 16 13,376 83,662 Other 738 15,351 133,227 Total Issues 236,357 5,019,699 44,064,273 (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 0 400,426 3,396,228 Notes 0 41,194 717,189 Bonds 0 0 1 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 34 698 6,689 Government Account Series 236,396 4,529,209 38,813,240 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 35 13,405 75,781 Other 738 15,335 133,286 Total Redemptions 237,202 5,000,466 43,143,013 Net Change in Public Debt Outstanding -845 19,233 921,261 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday May 25, 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) 236,357 5,019,699 44,064,273 Premium on New Issues 0 0 7,424 Discount on New Issues: Bills (-) 0 164 937 Bonds and Notes (-) 0 655 5,089 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 235,411 4,514,869 38,917,435 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 490 4,340 Inflation-Protected Securities Increment 188 4,638 10,185 Total Public Debt Cash Issues Deposited in Federal Reserve Account 757 498,882 5,133,711 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 237,202 5,000,466 43,143,013 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 (-) 236,396 4,529,209 38,813,240 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 806 471,257 4,329,773 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday May 25, 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 $ 10,951,528 $ 10,950,490 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,760,073 4,761,956 4,776,297 4,663,309 Total Public Debt Outstanding 15,711,601 15,712,446 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 487 487 Unamortized Discount 32,987 32,998 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 15,669,203 15,670,038 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 25, 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 $ 5,916 $ 120,133 $ 1,186,005 Individual Income Taxes 27 638 30,951 Railroad Retirement Taxes 56 287 2,907 Excise Taxes 668 4,260 46,497 Corporation Income Taxes 23 7,191 146,478 Federal Unemployment Taxes 4 140 6,324 Estate and Gift Taxes & Misc IRS Rcpts. 1 20 407 Change in Balance of Unclassified Taxes 0 0 0 Total 6,696 132,669 1,419,571 These Receipts were deposited in: Federal Reserve Account: Directly 86 2,391 24,744 Collector Depositaries 5,959 124,726 641,871 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 652 5,552 52,269 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 25, 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 $ 1,114 $ 20,271 $ 301,300 Business 216 2,696 42,516 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.