1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, July 20, 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 $ 46,187 $ 50,820 $ 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 $ 46,187 $ 50,820 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, July 20, 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) $ 54 $ 638 $ 8,225 Air Transport Security Fees 1 10 1,752 Commodity Credit Corporation programs 34 526 6,949 Customs and Certain Excise Taxes 100 1,117 30,596 Deposits by States: Supplemental Security Income 3 62 3,380 Unemployment 108 682 45,216 Education Department programs 85 1,560 24,620 Energy Department programs 53 216 5,873 Estate and Gift Taxes 17 737 11,379 Federal Reserve Earnings 0 4,632 64,642 Foreign Deposits, Military Sales 118 2,030 20,340 FTD's Received (Table IV) 5,362 110,862 1,002,781 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 3 113 2,724 Individual Income and Employment Taxes, Not Withheld 212 4,352 297,097 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 18 1,902 7,863 Postal Service 271 5,142 71,621 Public Debt Cash Issues (Table III-B) 774 446,749 6,317,483 Other Deposits: Medicare Premiums 469 1,095 19,468 Thrift Savings Plan Transfer 68 907 17,632 Total Other Deposits 536 4,697 115,626 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 7,749 586,025 8,813,830 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) $ 7,749 $ 586,025 $ 8,812,025 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, July 20, 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 $ 306 $ 14,045 Defense Vendor Payments (EFT) 2,582 21,422 302,170 Education Department programs 540 10,498 167,732 Energy Department programs 165 1,905 32,653 Federal Employees Insurance Payments 209 3,600 55,326 Fed. Highway Administration programs 154 2,456 32,526 Federal Salaries (EFT) 3,101 10,449 141,614 Food and Nutrition Service (misc) 213 6,575 83,139 GSA programs 38 1,375 17,575 Health and Human Services Grants (misc) 303 4,740 78,896 Housing and Urban Development programs 155 4,782 61,056 Interest on Treasury Securities 1 12,683 168,956 Justice Department programs 53 934 14,133 Labor Dept. prgms (excl. unemployment) 54 760 11,633 Medicaid 627 15,036 199,682 Medicare 1,481 19,281 435,057 NASA programs 65 1,012 12,462 Postal Service Money Orders and Other 124 2,122 32,707 Public Debt Cash Redemp. (Table III-B) 1,022 425,066 5,404,645 Social Security Benefits (EFT) 34 45,292 533,876 Supple. Nutrition Assist. Program (SNAP) 6 193 3,758 Temporary Assistance for Needy Families (HHS) 15 863 13,279 Transportation Security Admin. (DHS) 1 89 652 Unemployment Insurance Benefits 147 4,524 76,232 Veterans Affairs programs 123 2,043 32,881 Other Withdrawals: Agency for Internat'l Development 67 1,727 11,898 Emergency Prep & Response (DHS) 54 548 9,910 Interior 61 670 9,591 TARP 3 13 2,992 Thrift Savings Plan Transfer 65 1,051 20,224 Treasury Department programs 82 327 2,717 Unclassified 819 16,955 285,395 Total, Other Withdrawals 1,151 33,251 897,242 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 12,382 631,257 8,823,927 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 12,382 $ 631,257 $ 8,823,927 Net Change in Operating Cash Balance $ -4,633 $ -45,232 $ -11,902 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, July 20, 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 $ 261,013 $ 4,246,497 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 -408 14,385 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 33 2,021 Interest Increment 1 556 5,400 Government Account Series 247,046 3,373,813 48,318,157 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 39 6,892 107,408 Other 732 11,504 164,002 Total Issues $ 247,792 $ 3,819,414 $ 54,650,141 (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 $ 275,477 $ 4,192,066 Notes 0 122,127 933,837 Bonds 0 0 1 Federal Financing Bank 0 1,330 1,330 Nonmarketable: United States Savings Securities 39 555 8,140 Government Account Series 246,259 3,374,508 48,159,630 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 249 15,401 105,733 Other 734 11,507 164,068 Total Redemptions $ 247,281 $ 3,800,904 $ 53,565,605 Net Change in Public Debt Outstanding $ 511 $ 18,509 $ 1,084,536 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, July 20, 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) $ 247,792 $ 3,819,414 $ 54,650,141 Premium on New Issues 0 1,688 11,268 Discount on New Issues: Bills (-) 0 85 1,258 Bonds and Notes (-) 0 306 5,804 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 247,046 3,373,813 48,318,157 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 556 5,400 Inflation-Protected Securities Increment -29 -408 13,308 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 774 $ 446,749 $ 6,317,483 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 247,281 $ 3,800,904 $ 53,565,605 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 (-) 246,259 3,374,508 48,159,630 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,022 $ 425,066 $ 5,404,645 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, July 20, 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 $ 11,065,737 $ 11,065,796 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,809,140 4,808,569 4,812,182 4,663,309 Total Public Debt Outstanding 15,874,876 15,874,365 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,929 30,940 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 $ 15,835,857 $ 15,835,334 $ 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 Friday, July 20, 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 $ 5,870 $ 103,366 $ 1,451,271 Individual Income Taxes 34 422 35,167 Railroad Retirement Taxes 11 243 3,588 Excise Taxes 59 3,198 58,784 Corporation Income Taxes 51 8,323 213,089 Federal Unemployment Taxes 11 94 6,490 Estate and Gift Taxes & Misc IRS Rcpts. 1 24 475 Change in Balance of Unclassified Taxes 0 0 0 Total $ 6,036 $ 115,670 $ 1,768,864 These Receipts were deposited in: Federal Reserve Account: Directly 34 1,478 30,459 Collector Depositaries 5,328 109,383 972,321 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 674 4,809 65,396 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 Friday, July 20, 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 $ 479 $ 3,113 $ 311,517 Business 43 1,944 47,693 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.