1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, July 23, 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 $ 48,459 $ 46,187 $ 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 $ 48,459 $ 46,187 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, July 23, 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) $ 32 $ 670 $ 8,256 Air Transport Security Fees 1 11 1,754 Commodity Credit Corporation programs 26 552 6,975 Customs and Certain Excise Taxes 142 1,259 30,738 Deposits by States: Supplemental Security Income 2 64 3,382 Unemployment 104 786 45,321 Education Department programs 117 1,677 24,737 Energy Department programs 39 255 5,912 Estate and Gift Taxes 42 779 11,421 Federal Reserve Earnings 0 4,632 64,642 Foreign Deposits, Military Sales 8 2,039 20,348 FTD's Received (Table IV) 11,138 122,000 1,013,919 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 127 239 2,850 Individual Income and Employment Taxes, Not Withheld 205 4,557 297,302 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 26 1,928 7,889 Postal Service 327 5,470 71,949 Public Debt Cash Issues (Table III-B) 762 447,510 6,318,245 Other Deposits: Federal Housing Admin: Note Sales 58 1,347 13,394 Medicare Premiums 423 1,518 19,891 Total Other Deposits 481 5,177 116,107 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 13,580 599,606 8,827,411 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) $ 13,580 $ 599,606 $ 8,825,605 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, July 23, 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 $ 19 $ 325 $ 14,064 Defense Vendor Payments (EFT) 1,562 22,983 303,731 Education Department programs 685 11,183 168,417 Energy Department programs 127 2,033 32,780 Federal Employees Insurance Payments 156 3,756 55,481 Fed. Highway Administration programs 138 2,594 32,664 Federal Salaries (EFT) 1,450 11,899 143,064 Food and Nutrition Service (misc) 508 7,084 83,647 GSA programs 57 1,432 17,632 Health and Human Services Grants (misc) 266 5,006 79,162 Housing and Urban Development programs 147 4,929 61,204 Interest on Treasury Securities 1 12,684 168,956 Justice Department programs 50 984 14,182 Labor Dept. prgms (excl. unemployment) 27 787 11,659 Medicaid 363 15,400 200,046 Medicare 1,851 21,132 436,908 NASA programs 538 1,550 13,000 Postal Service Money Orders and Other 254 2,376 32,961 Public Debt Cash Redemp. (Table III-B) 815 425,881 5,405,460 Social Security Benefits (EFT) 36 45,327 533,911 Supple. Nutrition Assist. Program (SNAP) 9 202 3,767 Temporary Assistance for Needy Families (HHS) 24 887 13,303 Transportation Security Admin. (DHS) 42 131 694 Unemployment Insurance Benefits 260 4,784 76,492 Veterans Affairs programs 175 2,216 33,054 Other Withdrawals: Commerce Programs 52 388 5,419 Deposit Insurance Fund 205 494 8,185 Federal Aviation Administration 93 503 6,420 Treasury Department programs 72 400 2,789 Unclassified 1,328 18,286 286,725 Total, Other Withdrawals 1,750 35,003 898,995 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,309 642,566 8,835,236 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 11,309 $ 642,566 $ 8,835,236 Net Change in Operating Cash Balance $ 2,271 $ -42,961 $ -9,631 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, July 23, 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 $ -4 $ 261,009 $ 4,246,493 Cash Management Series 0 0 50,001 Notes 0 153,010 1,569,317 Bonds 0 13,000 172,153 Inflation-Protected Securities Increment -88 -496 14,297 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 37 2,025 Interest Increment 1 557 5,400 Government Account Series 249,011 3,622,824 48,567,167 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 31 6,923 107,439 Other 731 12,235 164,733 Total Issues $ 249,685 $ 4,069,098 $ 54,899,826 (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 41 596 8,181 Government Account Series 246,512 3,621,021 48,406,142 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 42 15,443 105,775 Other 732 12,238 164,799 Total Redemptions $ 247,327 $ 4,048,232 $ 53,812,932 Net Change in Public Debt Outstanding $ 2,358 $ 20,867 $ 1,086,894 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, July 23, 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) $ 249,685 $ 4,069,098 $ 54,899,826 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 (-) 249,011 3,622,824 48,567,167 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 557 5,400 Inflation-Protected Securities Increment -88 -496 13,219 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 762 $ 447,510 $ 6,318,245 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 247,327 $ 4,048,232 $ 53,812,932 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 (-) 246,512 3,621,021 48,406,142 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 815 $ 425,881 $ 5,405,460 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, July 23, 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 $ 11,065,935 $ 11,065,737 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,811,299 4,809,140 4,812,182 4,663,309 Total Public Debt Outstanding 15,877,234 15,874,876 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,894 30,929 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 $ 15,838,249 $ 15,835,857 $ 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 23, 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 $ 11,553 $ 114,919 $ 1,462,824 Individual Income Taxes 25 448 35,192 Railroad Retirement Taxes 42 285 3,629 Excise Taxes 31 3,229 58,815 Corporation Income Taxes 17 8,340 213,106 Federal Unemployment Taxes 9 103 6,500 Estate and Gift Taxes & Misc IRS Rcpts. 1 25 475 Change in Balance of Unclassified Taxes 0 0 0 Total $ 11,678 $ 127,348 $ 1,780,542 These Receipts were deposited in: Federal Reserve Account: Directly 36 1,514 30,496 Collector Depositaries 11,102 120,486 983,423 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 540 5,348 65,936 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 23, 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 $ 50 $ 3,163 $ 311,567 Business 23 1,967 47,716 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.