1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, July 18, 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 $ 58,670 $ 67,054 $ 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 $ 58,670 $ 67,054 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, July 18, 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 $ 560 $ 8,147 Air Transport Security Fees 1 9 1,751 Commodity Credit Corporation programs 41 462 6,885 Customs and Certain Excise Taxes 90 923 30,402 Deposits by States: Supplemental Security Income 4 54 3,372 Unemployment 82 487 45,021 Education Department programs 69 1,391 24,451 Energy Department programs 8 153 5,810 Estate and Gift Taxes 28 670 11,311 Federal Reserve Earnings 1,033 4,632 64,642 Foreign Deposits, Military Sales 2 1,900 20,209 FTD's Received (Table IV) 7,235 103,874 995,793 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 1 109 2,720 Individual Income and Employment Taxes, Not Withheld 544 3,954 296,698 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 27 1,876 7,837 Postal Service 273 4,602 71,081 Public Debt Cash Issues (Table III-B) 1,141 356,629 6,227,364 Other Deposits: Medicare Premiums 78 606 18,979 TARP 14 573 32,241 Total Other Deposits 92 4,015 114,944 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 10,680 486,297 8,714,102 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) $ 10,680 $ 486,297 $ 8,712,296 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, July 18, 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 $ 21 $ 227 $ 13,967 Defense Vendor Payments (EFT) 1,396 16,981 297,729 Education Department programs 511 9,566 166,800 Energy Department programs 90 1,623 32,371 Federal Employees Insurance Payments 38 3,063 54,789 Fed. Highway Administration programs 110 2,067 32,137 Federal Salaries (EFT) 92 7,237 138,402 Food and Nutrition Service (misc) 300 6,124 82,687 GSA programs 98 1,225 17,426 Health and Human Services Grants (misc) 325 4,121 78,277 Housing and Urban Development programs 168 4,425 60,700 Interest on Treasury Securities 1 12,681 168,954 Justice Department programs 71 821 14,020 Labor Dept. prgms (excl. unemployment) 127 655 11,527 Medicaid 726 12,713 197,359 Medicare 1,380 16,869 432,645 NASA programs 51 848 12,298 Postal Service Money Orders and Other 93 1,898 32,484 Public Debt Cash Redemp. (Table III-B) 773 333,433 5,313,012 Social Security Benefits (EFT) 10,693 45,229 533,813 Supple. Nutrition Assist. Program (SNAP) 11 175 3,740 Temporary Assistance for Needy Families (HHS) 29 829 13,244 Transportation Security Admin. (DHS) 37 87 650 Unemployment Insurance Benefits 386 4,146 75,853 Veterans Affairs programs 121 1,805 32,643 Other Withdrawals: Agency for Internat'l Development 50 1,492 11,663 IRS Tax Refunds Individual (EFT) 286 1,193 237,529 TARP 10 11 2,989 Unclassified 1,069 14,900 283,339 Total, Other Withdrawals 1,416 30,198 894,189 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 19,064 519,046 8,711,716 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 19,064 $ 519,046 $ 8,711,716 Net Change in Operating Cash Balance $ -8,384 $ -32,749 $ 580 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, July 18, 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 0 153,010 1,569,317 Bonds 0 13,000 172,153 Inflation-Protected Securities Increment -29 -350 14,444 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 29 2,017 Interest Increment 1 555 5,398 Government Account Series 248,568 2,874,642 47,818,986 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 411 5,612 106,128 Other 728 9,651 162,148 Total Issues $ 249,681 $ 3,230,153 $ 54,060,880 (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 0 122,127 933,837 Bonds 0 0 1 Federal Financing Bank 0 1,330 1,330 Nonmarketable: United States Savings Securities 36 480 8,065 Government Account Series 259,018 2,877,711 47,662,832 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 7 15,111 105,443 Other 729 9,658 162,219 Total Redemptions $ 259,791 $ 3,212,473 $ 52,977,174 Net Change in Public Debt Outstanding $ -10,109 $ 17,680 $ 1,083,706 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, July 18, 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) $ 249,681 $ 3,230,153 $ 54,060,880 Premium on New Issues 0 1,688 11,268 Discount on New Issues: Bills (-) 0 58 1,230 Bonds and Notes (-) 0 306 5,804 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 248,568 2,874,642 47,818,986 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 555 5,398 Inflation-Protected Securities Increment -29 -350 13,366 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,141 $ 356,629 $ 6,227,364 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 259,791 $ 3,212,473 $ 52,977,174 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 (-) 259,018 2,877,711 47,662,832 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 773 $ 333,433 $ 5,313,012 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, July 18, 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 $ 11,066,989 $ 11,066,616 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,807,058 4,817,540 4,812,182 4,663,309 Total Public Debt Outstanding 15,874,047 15,884,156 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,924 30,936 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 $ 15,835,031 $ 15,845,129 $ 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 18, 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 $ 7,118 $ 95,954 $ 1,443,859 Individual Income Taxes 30 371 35,115 Railroad Retirement Taxes 3 231 3,575 Excise Taxes 17 3,126 58,713 Corporation Income Taxes 74 8,223 212,989 Federal Unemployment Taxes 7 76 6,472 Estate and Gift Taxes & Misc IRS Rcpts. 3 23 474 Change in Balance of Unclassified Taxes 0 0 0 Total $ 7,251 $ 108,003 $ 1,761,197 These Receipts were deposited in: Federal Reserve Account: Directly 70 1,404 30,385 Collector Depositaries 7,165 102,470 965,408 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 16 4,129 64,717 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 18, 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 $ 308 $ 2,587 $ 310,991 Business 60 1,860 47,610 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.