1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, July 3, 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 $ 97,508 $ 124,415 $ 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 $ 97,508 $ 124,415 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, July 3, 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) $ 49 $ 296 $ 7,883 Air Transport Security Fees 1 3 1,746 Commodity Credit Corporation programs 60 161 6,585 Customs and Certain Excise Taxes 81 154 29,633 Deposits by States: Supplemental Security Income 5 9 3,327 Unemployment 16 26 44,561 Education Department programs 141 234 23,294 Energy Department programs 6 28 5,685 Estate and Gift Taxes 167 181 10,823 Federal Reserve Earnings 0 0 60,010 Foreign Deposits, Military Sales 20 1,644 19,954 FTD's Received (Table IV) 3,384 25,576 917,495 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 6 2,617 Individual Income and Employment Taxes, Not Withheld 342 674 293,419 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 16 39 6,000 Postal Service 434 781 67,260 Public Debt Cash Issues (Table III-B) 1,298 102,672 5,973,407 Other Deposits: Federal Housing Admin: Note Sales 58 140 12,187 TARP 229 229 31,898 Thrift Savings Plan Transfer 226 375 17,099 Total Other Deposits 513 1,616 112,545 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 6,536 134,102 8,361,906 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) $ 6,536 $ 134,102 $ 8,360,101 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, July 3, 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 $ 17 $ 41 $ 13,781 Defense Vendor Payments (EFT) 1,549 2,667 283,415 Education Department programs 575 1,513 158,746 Energy Department programs 139 204 30,952 Federal Employees Insurance Payments 224 478 52,204 Fed. Highway Administration programs 177 352 30,422 Federal Salaries (EFT) 533 764 131,929 Food and Nutrition Service (misc) 279 712 77,275 GSA programs 39 519 16,719 Health and Human Services Grants (misc) 369 689 74,845 Housing and Urban Development programs 395 2,709 58,983 Interest on Treasury Securities 1 6,752 163,024 Justice Department programs 56 123 13,321 Labor Dept. prgms (excl. unemployment) 45 100 10,973 Medicaid 747 1,032 185,678 Medicare 1,277 2,731 418,507 NASA programs 272 272 11,722 Postal Service Money Orders and Other 158 342 30,927 Public Debt Cash Redemp. (Table III-B) 1,138 71,783 5,051,362 Social Security Benefits (EFT) 23,176 23,404 511,988 Supple. Nutrition Assist. Program (SNAP) 11 14 3,579 Temporary Assistance for Needy Families (HHS) 93 112 12,528 Transportation Security Admin. (DHS) 0 0 563 Unemployment Insurance Benefits 512 734 72,442 Veterans Affairs programs 120 346 31,184 Other Withdrawals: Agency for Internat'l Development 52 84 10,255 Interior 56 90 9,012 IRS Tax Refunds Business (EFT) 55 106 18,104 State Department 53 75 7,745 Unclassified 1,326 2,968 271,407 Total, Other Withdrawals 1,542 9,621 873,613 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 33,443 128,012 8,320,682 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 33,443 $ 128,012 $ 8,320,682 Net Change in Operating Cash Balance $ -26,907 $ 6,089 $ 39,419 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, July 3, 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 0 100,010 1,516,317 Bonds 0 0 159,153 Inflation-Protected Securities Increment -30 100 14,893 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 6 1,994 Interest Increment 1 549 5,392 Government Account Series 247,867 487,348 45,431,692 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 562 1,313 101,829 Other 734 1,538 154,036 Total Issues $ 249,136 $ 590,865 $ 51,421,593 (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 0 57,095 868,805 Bonds 0 0 1 Federal Financing Bank 0 1,330 1,330 Nonmarketable: United States Savings Securities 46 89 7,674 Government Account Series 255,753 493,133 45,278,254 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 357 13,062 103,394 Other 735 1,538 154,099 Total Redemptions $ 256,891 $ 566,246 $ 50,330,947 Net Change in Public Debt Outstanding $ -7,755 $ 24,619 $ 1,090,646 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, July 3, 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) $ 249,136 $ 590,865 $ 51,421,593 Premium on New Issues 0 0 9,580 Discount on New Issues: Bills (-) 0 0 1,172 Bonds and Notes (-) 0 195 5,694 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 247,867 487,348 45,431,692 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 549 5,392 Inflation-Protected Securities Increment -30 100 13,816 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,298 $ 102,672 $ 5,973,407 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 256,891 $ 566,246 $ 50,330,947 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 1,330 1,330 Government Account Transactions (-) 255,753 493,133 45,278,254 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,138 $ 71,783 $ 5,051,362 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, July 3, 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 $ 11,076,314 $ 11,076,020 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,804,672 4,812,722 4,812,182 4,663,309 Total Public Debt Outstanding 15,880,986 15,888,742 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 31,037 31,049 31,071 34,376 Federal Financing Bank 7,112 7,112 8,441 8,441 Hope Bonds 493 493 493 493 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 10 10 Total Public Debt Subject to Limit $ 15,841,858 $ 15,849,602 $ 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 Tuesday, July 3, 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 $ 3,310 $ 26,650 $ 1,374,556 Individual Income Taxes 28 74 34,818 Railroad Retirement Taxes 9 47 3,391 Excise Taxes 11 22 55,608 Corporation Income Taxes 94 167 204,933 Federal Unemployment Taxes 4 10 6,407 Estate and Gift Taxes & Misc IRS Rcpts. 1 2 453 Change in Balance of Unclassified Taxes 0 0 0 Total $ 3,456 $ 26,972 $ 1,680,166 These Receipts were deposited in: Federal Reserve Account: Directly 69 118 29,099 Collector Depositaries 3,315 25,457 888,395 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 72 1,397 61,984 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 Tuesday, July 3, 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 $ 63 $ 147 $ 308,551 Business 314 372 46,121 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.