1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, July 11, 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 $ 75,287 $ 84,407 $ 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 $ 75,287 $ 84,407 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, July 11, 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) $ 8 $ 415 $ 8,002 Air Transport Security Fees 0 5 1,747 Commodity Credit Corporation programs 24 302 6,725 Customs and Certain Excise Taxes 86 502 29,981 Deposits by States: Supplemental Security Income 3 33 3,350 Unemployment 41 189 44,723 Education Department programs 73 798 23,858 Energy Department programs 4 67 5,724 Estate and Gift Taxes 65 478 11,119 Federal Reserve Earnings 2,361 3,599 63,610 Foreign Deposits, Military Sales 3 1,676 19,986 FTD's Received (Table IV) 6,810 58,965 950,884 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 34 100 2,711 Individual Income and Employment Taxes, Not Withheld 437 2,488 295,233 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 7 1,778 7,739 Postal Service 339 3,059 69,538 Public Debt Cash Issues (Table III-B) 1,604 195,893 6,066,628 Other Deposits: Federal Housing Admin: Note Sales 68 981 13,027 TARP 40 269 31,938 Total Other Deposits 108 3,165 114,095 Change in Balance of Uncollected Funds 1 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 12,008 273,512 8,501,317 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) $ 12,008 $ 273,512 $ 8,499,512 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, July 11, 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 $ 18 $ 136 $ 13,876 Defense Vendor Payments (EFT) 939 8,849 289,597 Education Department programs 651 5,311 162,545 Energy Department programs 126 831 31,579 Federal Employees Insurance Payments 421 2,033 53,759 Fed. Highway Administration programs 94 1,361 31,431 Federal Salaries (EFT) 83 5,942 137,107 Food and Nutrition Service (misc) 371 3,822 80,386 GSA programs 64 892 17,093 Health and Human Services Grants (misc) 279 2,380 76,537 Housing and Urban Development programs 160 3,570 59,844 Interest on Treasury Securities 1 6,757 163,030 Justice Department programs 42 454 13,652 Labor Dept. prgms (excl. unemployment) 34 357 11,229 Medicaid 862 8,059 192,706 Medicare 1,572 10,571 426,347 NASA programs 69 605 12,055 Postal Service Money Orders and Other 118 1,300 31,885 Public Debt Cash Redemp. (Table III-B) 825 168,236 5,147,815 Social Security Benefits (EFT) 10,874 34,398 522,982 Supple. Nutrition Assist. Program (SNAP) 11 92 3,657 Temporary Assistance for Needy Families (HHS) 78 404 12,820 Transportation Security Admin. (DHS) 1 37 600 Unemployment Insurance Benefits 407 2,584 74,291 Veterans Affairs programs 155 1,109 31,947 Other Withdrawals: African Development Fund 224 224 271 Agency for Internat'l Development 1,043 1,279 11,450 Centers for Disease Control 68 283 4,376 Federal Railroad Admin. 98 145 2,316 IRS Tax Refunds Business (EFT) 66 472 18,470 IRS Tax Refunds Individual (EFT) 287 799 237,135 State Department 50 239 7,909 Thrift Savings Plan Transfer 60 613 19,786 Treasury Department programs 132 132 2,522 Unclassified 842 9,759 278,199 Total, Other Withdrawals 2,871 19,557 883,548 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 21,129 289,645 8,482,315 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 21,129 $ 289,645 $ 8,482,315 Net Change in Operating Cash Balance $ -9,120 $ -16,133 $ 17,197 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, July 11, 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 $ 87,000 $ 4,072,485 Cash Management Series 0 0 50,001 Notes 0 100,009 1,516,316 Bonds 0 0 159,153 Inflation-Protected Securities Increment -31 -142 14,652 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 18 2,006 Interest Increment 0 552 5,395 Government Account Series 231,421 1,651,428 46,595,772 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 863 3,512 104,028 Other 739 5,579 158,076 Total Issues $ 232,995 $ 1,847,956 $ 52,678,684 (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 $ 91,782 $ 4,008,371 Notes 0 57,095 868,805 Bonds 0 0 1 Federal Financing Bank 0 1,330 1,330 Nonmarketable: United States Savings Securities 40 285 7,870 Government Account Series 241,566 1,658,300 46,443,421 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 46 13,500 103,833 Other 739 5,574 158,135 Total Redemptions $ 242,392 $ 1,827,866 $ 51,592,566 Net Change in Public Debt Outstanding $ -9,397 $ 20,090 $ 1,086,117 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, July 11, 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) $ 232,995 $ 1,847,956 $ 52,678,684 Premium on New Issues 0 0 9,580 Discount on New Issues: Bills (-) 0 30 1,202 Bonds and Notes (-) 0 195 5,694 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 231,421 1,651,428 46,595,772 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 552 5,395 Inflation-Protected Securities Increment -31 -142 13,574 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,604 $ 195,893 $ 6,066,628 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 242,392 $ 1,827,866 $ 51,592,566 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 (-) 241,566 1,658,300 46,443,421 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 825 $ 168,236 $ 5,147,815 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, July 11, 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 $ 11,073,524 $ 11,072,593 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,802,934 4,813,262 4,812,182 4,663,309 Total Public Debt Outstanding 15,876,458 15,885,855 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,976 30,988 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 $ 15,837,390 $ 15,846,776 $ 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 Wednesday, July 11, 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 $ 6,586 $ 60,626 $ 1,408,531 Individual Income Taxes 24 205 34,949 Railroad Retirement Taxes 14 149 3,494 Excise Taxes 425 662 56,248 Corporation Income Taxes 73 440 205,206 Federal Unemployment Taxes 5 35 6,431 Estate and Gift Taxes & Misc IRS Rcpts. 2 10 460 Change in Balance of Unclassified Taxes 0 0 0 Total $ 7,128 $ 62,127 $ 1,715,320 These Receipts were deposited in: Federal Reserve Account: Directly 52 339 29,320 Collector Depositaries 6,758 58,626 921,564 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 319 3,162 63,749 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 Wednesday, July 11, 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 $ 313 $ 1,532 $ 309,936 Business 71 1,057 46,806 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.