1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, July 2, 2012 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Type of account balance This This today Today month fiscal year ____________________________________________________________________________________________ Federal Reserve Account $ 124,415 $ 91,419 $ 91,419 $ 56,284 Supplementary Financing Program 0 0 0 0 Account Tax and Loan Note Accounts (Table V) 0 0 0 1,805 Total Operating Balance $ 124,415 $ 91,419 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, July 2, 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) $ 247 $ 247 $ 7,834 Air Transport Security Fees 3 3 1,745 Commodity Credit Corporation programs 101 101 6,525 Customs and Certain Excise Taxes 73 73 29,552 Deposits by States: Supplemental Security Income 4 4 3,321 Unemployment 10 10 44,544 Education Department programs 93 93 23,153 Energy Department programs 22 22 5,678 Estate and Gift Taxes 14 14 10,656 Federal Reserve Earnings 0 0 60,010 Foreign Deposits, Military Sales 1,624 1,624 19,934 FTD's Received (Table IV) 22,191 22,191 914,110 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 4 4 2,616 Individual Income and Employment Taxes, Not Withheld 332 332 293,077 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 23 23 5,984 Postal Service 347 347 66,826 Public Debt Cash Issues (Table III-B) 101,374 101,374 5,972,109 Other Deposits: Agency for Internat'l Development 77 77 484 Defense Finance & Accounting Service 70 70 5,666 Federal Housing Admin: Note Sales 82 82 12,129 Medicare Premiums 93 93 18,467 Minerals Management Svc/Collections 448 448 8,206 Natl Railroad Retirement Inv Trust 184 184 1,646 Thrift Savings Plan Transfer 149 149 16,873 Total Other Deposits 1,103 1,103 112,032 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 127,565 127,565 8,355,370 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) $ 127,565 $ 127,565 $ 8,353,565 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, July 2, 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 $ 24 $ 24 $ 13,763 Defense Vendor Payments (EFT) 1,118 1,118 281,866 Education Department programs 937 937 158,171 Energy Department programs 65 65 30,813 Federal Employees Insurance Payments 254 254 51,980 Fed. Highway Administration programs 175 175 30,245 Federal Salaries (EFT) 231 231 131,396 Food and Nutrition Service (misc) 432 432 76,996 GSA programs 479 479 16,680 Health and Human Services Grants (misc) 320 320 74,476 Housing and Urban Development programs 2,314 2,314 58,589 Interest on Treasury Securities 6,751 6,751 163,023 Justice Department programs 67 67 13,265 Labor Dept. prgms (excl. unemployment) 55 55 10,928 Medicaid 285 285 184,931 Medicare 1,454 1,454 417,230 NASA programs 0 0 11,450 Postal Service Money Orders and Other 184 184 30,769 Public Debt Cash Redemp. (Table III-B) 70,645 70,645 5,050,224 Social Security Benefits (EFT) 228 228 488,812 Supple. Nutrition Assist. Program (SNAP) 3 3 3,568 Temporary Assistance for Needy Families (HHS) 19 19 12,435 Transportation Security Admin. (DHS) 0 0 563 Unemployment Insurance Benefits 222 222 71,930 Veterans Affairs programs 225 225 31,064 Other Withdrawals: Centers for Disease Control 195 195 4,288 Civil Service Retirement (EFT) 4,849 4,849 47,974 IRS Tax Refunds Business (EFT) 51 51 18,049 Military Retirement (EFT) 300 300 35,633 Railroad Retirement (EFT) 949 949 9,267 Supple. Security Income Benefits (EFT) 94 94 31,674 Unclassified 1,642 1,642 270,081 Total, Other Withdrawals 8,080 8,080 872,071 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 94,569 94,569 8,287,239 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 94,569 $ 94,569 $ 8,287,239 Net Change in Operating Cash Balance $ 32,996 $ 32,996 $ 66,326 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, July 2, 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 $ 0 $ 3,985,484 Cash Management Series 0 0 50,001 Notes 100,010 100,010 1,516,317 Bonds 0 0 159,153 Inflation-Protected Securities Increment 130 130 14,924 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 4 1,992 Interest Increment 549 549 5,392 Government Account Series 239,481 239,481 45,183,825 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 751 751 101,268 Other 804 804 153,302 Total Issues $ 341,730 $ 341,730 $ 51,172,457 (Stated at face value except for savings and retirement plan securities which are stated at current redemption values.) ___________________________________________________________________________________________ This Fiscal Redemptions Today month year to date to date ____________________________________________________________________________________________ Marketable: Bills $ 0 $ 0 $ 3,916,589 Notes 57,095 57,095 868,805 Bonds 0 0 1 Federal Financing Bank 1,330 1,330 1,330 Nonmarketable: United States Savings Securities 42 42 7,627 Government Account Series 237,380 237,380 45,022,501 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 12,705 12,705 103,038 Other 803 803 153,364 Total Redemptions $ 309,355 $ 309,355 $ 50,074,056 Net Change in Public Debt Outstanding $ 32,375 $ 32,375 $ 1,098,402 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, July 2, 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) $ 341,730 $ 341,730 $ 51,172,457 Premium on New Issues 0 0 9,580 Discount on New Issues: Bills (-) 0 0 1,172 Bonds and Notes (-) 195 195 5,694 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 239,481 239,481 45,183,825 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 549 549 5,392 Inflation-Protected Securities Increment 130 130 13,846 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 101,374 $ 101,374 $ 5,972,109 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 309,355 $ 309,355 $ 50,074,056 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 1,330 1,330 1,330 Government Account Transactions (-) 237,380 237,380 45,022,501 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 70,645 $ 70,645 $ 5,050,224 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, July 2, 2012 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Balance Transactions balance This This today Today month fiscal year ____________________________________________________________________________________________ Debt Held by the Public $ 11,076,020 $ 11,044,185 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,812,722 4,812,182 4,812,182 4,663,309 Total Public Debt Outstanding 15,888,742 15,856,367 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 31,049 31,071 31,071 34,376 Federal Financing Bank 7,112 8,441 8,441 8,441 Hope Bonds 493 493 493 493 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 10 10 10 Total Public Debt Subject to Limit $ 15,849,602 $ 15,815,885 $ 15,815,885 $ 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 Monday, July 2, 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 $ 23,340 $ 23,340 $ 1,371,246 Individual Income Taxes 45 45 34,789 Railroad Retirement Taxes 38 38 3,383 Excise Taxes 11 11 55,598 Corporation Income Taxes 73 73 204,839 Federal Unemployment Taxes 6 6 6,403 Estate and Gift Taxes & Misc IRS Rcpts. 1 1 452 Change in Balance of Unclassified Taxes 0 0 0 Total $ 23,516 $ 23,516 $ 1,676,709 These Receipts were deposited in: Federal Reserve Account: Directly 49 49 29,031 Collector Depositaries 22,142 22,142 885,080 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 1,325 1,325 61,912 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 ______________________________________ Total A B C ____________________________________________________________________________________________ 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 Monday, July 2, 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 $ 83 $ 83 $ 308,487 Business 57 57 45,807 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.