1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, July 24, 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 $ 42,658 $ 48,459 $ 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 $ 42,658 $ 48,459 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, July 24, 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) $ 21 $ 690 $ 8,277 Air Transport Security Fees 0 11 1,754 Commodity Credit Corporation programs 45 597 7,020 Customs and Certain Excise Taxes 1,709 2,968 32,447 Deposits by States: Supplemental Security Income 4 68 3,386 Unemployment 123 910 45,444 Education Department programs 233 1,910 24,970 Energy Department programs 15 270 5,927 Estate and Gift Taxes 81 860 11,502 Federal Reserve Earnings 0 4,632 64,642 Foreign Deposits, Military Sales 11 2,049 20,359 FTD's Received (Table IV) 1,373 123,373 1,015,292 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 2 241 2,852 Individual Income and Employment Taxes, Not Withheld 274 4,846 297,591 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 16 1,945 7,906 Postal Service 350 5,820 72,299 Public Debt Cash Issues (Table III-B) 791 448,301 6,319,036 Other Deposits: Deposit Insurance Fund 71 76 4,666 Federal Employees Insurance Receipt 62 191 2,417 Medicare Premiums 188 1,706 20,080 Total Other Deposits 322 5,500 116,429 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 5,370 604,991 8,832,795 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) $ 5,370 $ 604,991 $ 8,830,990 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, July 24, 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 $ 9 $ 334 $ 14,074 Defense Vendor Payments (EFT) 2,672 25,656 306,404 Education Department programs 853 12,036 169,270 Energy Department programs 115 2,148 32,896 Federal Employees Insurance Payments 411 4,166 55,892 Fed. Highway Administration programs 186 2,780 32,850 Federal Salaries (EFT) 442 12,341 143,506 Food and Nutrition Service (misc) 217 7,301 83,864 GSA programs 63 1,495 17,695 Health and Human Services Grants (misc) 296 5,302 79,458 Housing and Urban Development programs 143 5,072 61,347 Interest on Treasury Securities 2 12,686 168,958 Justice Department programs 64 1,047 14,246 Labor Dept. prgms (excl. unemployment) 32 818 11,691 Medicaid 662 16,062 200,708 Medicare 1,681 22,813 438,590 NASA programs 44 1,594 13,045 Postal Service Money Orders and Other 157 2,533 33,118 Public Debt Cash Redemp. (Table III-B) 803 426,684 5,406,263 Social Security Benefits (EFT) 33 45,360 533,945 Supple. Nutrition Assist. Program (SNAP) 8 210 3,775 Temporary Assistance for Needy Families (HHS) 30 916 13,332 Transportation Security Admin. (DHS) 1 132 695 Unemployment Insurance Benefits 515 5,299 77,007 Veterans Affairs programs 106 2,321 33,160 Other Withdrawals: Agriculture 141 573 7,685 Export-Import Bank 92 139 4,590 IRS Tax Refunds Business (EFT) 118 1,059 19,056 TARP 34 47 3,026 Thrift Savings Plan Transfer 158 1,244 20,417 Unclassified 1,083 19,385 287,824 Total, Other Withdrawals 1,626 36,644 900,636 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,170 653,752 8,846,421 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 11,170 $ 653,752 $ 8,846,421 Net Change in Operating Cash Balance $ -5,800 $ -48,761 $ -15,432 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, July 24, 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 $ 261,009 $ 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 -28 -524 14,269 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 39 2,026 Interest Increment 1 558 5,401 Government Account Series 252,055 3,874,879 48,819,223 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 59 6,982 107,498 Other 730 12,966 165,463 Total Issues $ 252,819 $ 4,321,917 $ 55,152,645 (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 42 638 8,223 Government Account Series 246,759 3,867,780 48,652,902 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 29 15,472 105,805 Other 731 12,969 165,530 Total Redemptions $ 247,562 $ 4,295,793 $ 54,060,494 Net Change in Public Debt Outstanding $ 5,257 $ 26,124 $ 1,092,151 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, July 24, 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) $ 252,819 $ 4,321,917 $ 55,152,645 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 (-) 252,055 3,874,879 48,819,223 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 558 5,401 Inflation-Protected Securities Increment -28 -524 13,191 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 791 $ 448,301 $ 6,319,036 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 247,562 $ 4,295,793 $ 54,060,494 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 (-) 246,759 3,867,780 48,652,902 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 803 $ 426,684 $ 5,406,263 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, July 24, 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 $ 11,065,980 $ 11,065,935 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,816,511 4,811,299 4,812,182 4,663,309 Total Public Debt Outstanding 15,882,491 15,877,234 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,882 30,894 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 $ 15,843,518 $ 15,838,249 $ 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 Tuesday, July 24, 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 $ 1,676 $ 116,595 $ 1,464,500 Individual Income Taxes 21 468 35,212 Railroad Retirement Taxes 1 286 3,631 Excise Taxes 54 3,283 58,870 Corporation Income Taxes 37 8,376 213,142 Federal Unemployment Taxes 8 111 6,508 Estate and Gift Taxes & Misc IRS Rcpts. 1 26 476 Change in Balance of Unclassified Taxes 0 0 0 Total $ 1,798 $ 129,146 $ 1,782,339 These Receipts were deposited in: Federal Reserve Account: Directly 73 1,587 30,568 Collector Depositaries 1,300 121,786 984,724 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 425 5,773 66,361 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 Tuesday, July 24, 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 $ 63 $ 3,226 $ 311,630 Business 339 2,305 48,055 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.