1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday May 29, 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 $ 70,312 $ 66,205 $ 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 70,312 66,205 166,619 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday May 29, 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) 26 487 6,527 Air Transport Security Fees 7 25 1,372 Commodity Credit Corporation programs 28 666 5,627 Customs and Certain Excise Taxes 121 3,285 25,899 Deposits by States: Supplemental Security Income 4 65 2,654 Unemployment 26 20,189 43,065 Education Department programs 100 2,783 20,377 Energy Department programs 76 553 5,100 Estate and Gift Taxes 37 785 9,520 Federal Reserve Earnings 0 8,892 51,344 Foreign Deposits, Military Sales 31 1,885 15,704 FTD's Received (Table IV) 14,277 141,394 680,892 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 51 324 2,319 Individual Income and Employment Taxes, Not Withheld 241 9,216 244,764 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 6 1,373 5,630 Postal Service 366 6,636 59,063 Public Debt Cash Issues (Table III-B) 1,005 499,887 5,134,717 Other Deposits: Defense Finance & Accounting Service 61 599 4,958 Federal Housing Admin: Note Sales 53 1,332 10,386 Total Other Deposits 114 11,541 96,011 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 16,516 709,985 7,186,247 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) 16,516 709,985 7,184,442 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday May 29, 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 15 349 13,276 Defense Vendor Payments (EFT) 1,515 28,612 245,767 Education Department programs 876 12,131 140,603 Energy Department programs 166 3,204 27,229 Federal Employees Insurance Payments 185 5,580 45,698 Fed. Highway Administration programs 385 3,291 25,565 Federal Salaries (EFT) 1,765 13,875 116,223 Food and Nutrition Service (misc) 527 8,398 67,791 GSA programs 76 1,756 14,081 Health and Human Services Grants (misc) 401 6,943 64,663 Housing and Urban Development programs 191 6,026 49,589 Interest on Treasury Securities 1 29,162 148,829 Justice Department programs 61 1,729 11,902 Labor Dept. prgms (excl. unemployment) 26 1,108 9,404 Medicaid 674 20,207 159,276 Medicare 1,789 46,655 345,415 NASA programs 84 1,297 10,135 Postal Service Money Orders and Other 224 2,903 26,935 Public Debt Cash Redemp. (Table III-B) 830 472,087 4,330,603 Social Security Benefits (EFT) 1/ -1 55,750 432,287 Supple. Nutrition Assist. Program (SNAP) 6 276 3,274 Temporary Assistance for Needy Families (HHS) 61 1,015 10,810 Transportation Security Admin. (DHS) 1 24 501 Unemployment Insurance Benefits 370 6,723 64,278 Veterans Affairs programs 281 3,382 27,292 Other Withdrawals: HHS: Indian Health Service 70 517 5,564 IRS Tax Refunds Individual (EFT) 68 9,571 233,580 Thrift Savings Plan Transfer 90 1,781 17,563 Unclassified 1,672 33,166 239,962 Total, Other Withdrawals 1,900 73,808 780,795 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 12,410 806,292 7,172,219 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) 12,410 806,292 7,172,219 Net Change in Operating Cash Balance 4,107 -96,307 12,222 1/Reported as a negative amount due to a return/reversal of $1 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday May 29, 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 -1 394,413 3,476,134 Cash Management Series 0 0 50,001 Notes 0 59,501 1,247,564 Bonds 0 17,001 138,235 Inflation-Protected Securities Increment 755 5,393 11,703 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 63 1,931 Interest Increment 0 491 4,340 Government Account Series 236,905 4,751,774 39,154,340 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 262 13,638 83,925 Other 738 16,089 133,965 Total Issues 238,666 5,258,364 44,302,939 (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 32 731 6,721 Government Account Series 235,781 4,764,989 39,049,021 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 200 600 State and Local Series 59 13,464 75,840 Other 739 16,074 134,025 Total Redemptions 236,611 5,237,077 43,379,624 Net Change in Public Debt Outstanding 2,055 21,288 923,315 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday May 29, 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) 238,666 5,258,364 44,302,939 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 (-) 236,905 4,751,774 39,154,340 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 491 4,340 Inflation-Protected Securities Increment 755 5,393 10,940 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,005 499,887 5,134,717 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 236,611 5,237,077 43,379,624 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 (-) 235,781 4,764,989 39,049,021 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 830 472,087 4,330,603 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday May 29, 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 $ 10,952,471 $ 10,951,528 $ 10,916,071 $ 10,127,031 Intragovernmental Holdings 4,761,185 4,760,073 4,776,297 4,663,309 Total Public Debt Outstanding 15,713,656 15,711,601 15,692,368 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 487 487 Unamortized Discount 32,943 32,987 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 15,671,302 15,669,203 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 29, 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 $ 11,949 $ 132,082 $ 1,197,954 Individual Income Taxes 45 682 30,996 Railroad Retirement Taxes 33 320 2,940 Excise Taxes 2,357 6,617 48,854 Corporation Income Taxes 424 7,615 146,902 Federal Unemployment Taxes 3 143 6,327 Estate and Gift Taxes & Misc IRS Rcpts. 3 23 410 Change in Balance of Unclassified Taxes 0 0 0 Total 14,813 147,482 1,434,384 These Receipts were deposited in: Federal Reserve Account: Directly 1,054 3,445 25,798 Collector Depositaries 13,223 137,949 655,094 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 536 6,089 52,805 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 29, 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 $ 130 $ 20,400 $ 301,429 Business 396 3,092 42,911 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.