1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, July 16, 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 $ 72,364 $ 60,142 $ 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 $ 72,364 $ 60,142 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, July 16, 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) $ 45 $ 498 $ 8,085 Air Transport Security Fees 2 7 1,750 Commodity Credit Corporation programs 30 387 6,810 Customs and Certain Excise Taxes 73 751 30,230 Deposits by States: Supplemental Security Income 3 45 3,363 Unemployment 52 331 44,866 Education Department programs 159 1,145 24,205 Energy Department programs 40 129 5,786 Estate and Gift Taxes 15 552 11,194 Federal Reserve Earnings 0 3,599 63,610 Foreign Deposits, Military Sales 8 1,887 20,196 FTD's Received (Table IV) 24,718 94,509 986,428 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 3 106 2,717 Individual Income and Employment Taxes, Not Withheld 298 3,133 295,878 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 39 1,838 7,799 Postal Service 328 3,964 70,442 Public Debt Cash Issues (Table III-B) 68,690 354,393 6,225,128 Other Deposits: Defense Finance & Accounting Service 63 355 5,951 Federal Housing Admin: Note Sales 57 1,119 13,166 Medicare Premiums 68 505 18,879 Pension Benefit Guaranty Corp. 79 105 3,980 TARP 281 551 32,220 Total Other Deposits 549 3,783 114,712 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 95,051 471,058 8,698,863 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) $ 95,051 $ 471,058 $ 8,697,057 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, July 16, 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 $ 14 $ 193 $ 13,933 Defense Vendor Payments (EFT) 1,501 12,842 293,590 Education Department programs 532 8,700 165,934 Energy Department programs 136 1,463 32,210 Federal Employees Insurance Payments 256 2,778 54,504 Fed. Highway Administration programs 78 1,754 31,824 Federal Salaries (EFT) 55 7,057 138,222 Food and Nutrition Service (misc) 923 5,500 82,064 GSA programs 42 1,061 17,262 Health and Human Services Grants (misc) 246 3,382 77,538 Housing and Urban Development programs 148 4,112 60,386 Interest on Treasury Securities 5,921 12,679 168,952 Justice Department programs 96 653 13,852 Labor Dept. prgms (excl. unemployment) 35 487 11,359 Medicaid 1,041 11,229 195,875 Medicare 1,417 14,365 430,141 NASA programs 65 723 12,174 Postal Service Money Orders and Other 158 1,691 32,276 Public Debt Cash Redemp. (Table III-B) 67,368 331,881 5,311,460 Social Security Benefits (EFT) 38 34,501 523,086 Supple. Nutrition Assist. Program (SNAP) 11 157 3,722 Temporary Assistance for Needy Families (HHS) 76 662 13,078 Transportation Security Admin. (DHS) 1 40 603 Unemployment Insurance Benefits 263 3,241 74,949 Veterans Affairs programs 218 1,565 32,403 Other Withdrawals: Interior 64 504 9,426 IRS Tax Refunds Business (EFT) 189 673 18,670 Pmt. to Resolution Funding Corp (Treas) 653 653 2,629 State Department 52 339 8,008 Thrift Savings Plan Transfer 59 896 20,069 Unclassified 1,172 12,793 281,233 Total, Other Withdrawals 2,188 27,396 891,388 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 82,829 490,113 8,682,783 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 82,829 $ 490,113 $ 8,682,783 Net Change in Operating Cash Balance $ 12,222 $ -19,055 $ 14,274 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, July 16, 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 $ 174,003 $ 4,159,488 Cash Management Series 0 0 50,001 Notes 53,001 153,010 1,569,317 Bonds 13,000 13,000 172,153 Inflation-Protected Securities Increment -90 -292 14,501 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 25 2,013 Interest Increment 0 553 5,396 Government Account Series 252,541 2,369,778 47,314,122 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 371 4,837 105,353 Other 737 8,194 160,691 Total Issues $ 319,564 $ 2,723,108 $ 53,553,836 (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 $ 186,057 $ 4,102,647 Notes 65,032 122,127 933,837 Bonds 0 0 1 Federal Financing Bank 0 1,330 1,330 Nonmarketable: United States Savings Securities 37 396 7,981 Government Account Series 247,628 2,370,530 47,155,651 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 1,565 15,103 105,436 Other 734 8,198 160,759 Total Redemptions $ 314,996 $ 2,703,741 $ 52,468,441 Net Change in Public Debt Outstanding $ 4,568 $ 19,367 $ 1,085,394 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, July 16, 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) $ 319,564 $ 2,723,108 $ 53,553,836 Premium on New Issues 1,688 1,688 11,268 Discount on New Issues: Bills (-) 0 58 1,230 Bonds and Notes (-) 111 306 5,804 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 252,541 2,369,778 47,314,122 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 553 5,396 Inflation-Protected Securities Increment -90 -292 13,424 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 68,690 $ 354,393 $ 6,225,128 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 314,996 $ 2,703,741 $ 52,468,441 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 (-) 247,628 2,370,530 47,155,651 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 67,368 $ 331,881 $ 5,311,460 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, July 16, 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 $ 11,066,238 $ 11,066,641 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,809,497 4,804,526 4,812,182 4,663,309 Total Public Debt Outstanding 15,875,735 15,871,167 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,947 30,982 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 $ 15,836,696 $ 15,832,094 $ 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 16, 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 $ 18,911 $ 86,801 $ 1,434,707 Individual Income Taxes 62 312 35,057 Railroad Retirement Taxes 62 228 3,572 Excise Taxes 74 3,087 58,674 Corporation Income Taxes 6,273 8,091 212,857 Federal Unemployment Taxes 13 64 6,460 Estate and Gift Taxes & Misc IRS Rcpts. 5 20 470 Change in Balance of Unclassified Taxes 0 0 0 Total $ 25,400 $ 98,604 $ 1,751,797 These Receipts were deposited in: Federal Reserve Account: Directly 40 1,273 30,254 Collector Depositaries 24,679 93,236 956,174 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 681 4,095 64,682 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 16, 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 $ 68 $ 2,236 $ 310,639 Business 199 1,309 47,059 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.