1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, July 25, 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 $ 38,258 $ 42,658 $ 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 $ 38,258 $ 42,658 $ 91,419 $ 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, July 25, 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) $ 38 $ 728 $ 8,314 Air Transport Security Fees 2 14 1,756 Commodity Credit Corporation programs 61 657 7,081 Customs and Certain Excise Taxes 97 3,065 32,544 Deposits by States: Supplemental Security Income 2 70 3,388 Unemployment 3,404 4,314 48,848 Education Department programs 98 2,008 25,068 Energy Department programs 50 320 5,977 Estate and Gift Taxes 22 882 11,524 Federal Reserve Earnings 1,754 6,386 66,397 Foreign Deposits, Military Sales 3 2,052 20,362 FTD's Received (Table IV) 6,637 130,010 1,021,929 GSE MBS Purchase Program Income 0 0 73,166 Housing and Urban Development programs 7 248 2,859 Individual Income and Employment Taxes, Not Withheld 422 5,269 298,014 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 10 1,955 7,916 Postal Service 270 6,090 72,569 Public Debt Cash Issues (Table III-B) 1,485 449,787 6,320,521 Other Deposits: Federal Employees Insurance Receipt 95 286 2,512 Medicare Premiums 168 1,874 20,248 TARP 39 615 32,284 Thrift Savings Plan Transfer 706 1,649 18,373 Total Other Deposits 1,008 6,507 117,437 Change in Balance of Uncollected Funds 0 0 5 Transfers from Depositaries 0 0 702,492 Total Federal Reserve Account 15,372 620,362 8,848,167 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) $ 15,372 $ 620,362 $ 8,846,362 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, July 25, 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 $ 15 $ 349 $ 14,089 Defense Vendor Payments (EFT) 1,337 26,992 307,740 Education Department programs 622 12,658 169,892 Energy Department programs 149 2,297 33,045 Federal Employees Insurance Payments 416 4,582 56,308 Fed. Highway Administration programs 223 3,003 33,072 Federal Salaries (EFT) 101 12,442 143,607 Food and Nutrition Service (misc) 229 7,530 84,094 GSA programs 70 1,565 17,765 Health and Human Services Grants (misc) 321 5,623 79,779 Housing and Urban Development programs 189 5,261 61,536 Interest on Treasury Securities 1 12,686 168,959 Justice Department programs 47 1,090 14,289 Labor Dept. prgms (excl. unemployment) 109 928 11,800 Medicaid 475 16,537 201,183 Medicare 1,667 24,481 440,257 NASA programs 90 1,685 13,135 Postal Service Money Orders and Other 104 2,637 33,222 Public Debt Cash Redemp. (Table III-B) 772 427,455 5,407,034 Social Security Benefits (EFT) 10,915 56,274 544,858 Supple. Nutrition Assist. Program (SNAP) 4 213 3,778 Temporary Assistance for Needy Families (HHS) 5 922 13,337 Transportation Security Admin. (DHS) 1 133 696 Unemployment Insurance Benefits 366 5,665 77,373 Veterans Affairs programs 164 2,485 33,323 Other Withdrawals: IRS Tax Refunds Individual (EFT) 256 1,555 237,892 National Credit Union Administration 50 76 2,971 TARP 27 74 3,052 Thrift Savings Plan Transfer 301 1,546 20,718 Unclassified 746 20,136 288,575 Total, Other Withdrawals 1,380 38,029 902,021 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 19,771 673,523 8,866,193 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 0 0 702,492 Total Withdrawals (excluding transfers) $ 19,771 $ 673,523 $ 8,866,193 Net Change in Operating Cash Balance $ -4,400 $ -53,161 $ -19,831 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, July 25, 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 -29 -553 14,240 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 40 2,028 Interest Increment 0 558 5,401 Government Account Series 250,735 4,125,614 49,069,958 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 754 7,736 108,252 Other 730 13,695 166,193 Total Issues $ 252,192 $ 4,574,109 $ 55,404,837 (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 35 674 8,259 Government Account Series 259,052 4,126,832 48,911,953 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 800 State and Local Series 6 15,478 105,811 Other 730 13,699 166,260 Total Redemptions $ 259,824 $ 4,555,617 $ 54,320,318 Net Change in Public Debt Outstanding $ -7,632 $ 18,492 $ 1,084,519 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, July 25, 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) $ 252,192 $ 4,574,109 $ 55,404,837 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 (-) 250,735 4,125,614 49,069,958 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 558 5,401 Inflation-Protected Securities Increment -29 -553 13,162 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,485 $ 449,787 $ 6,320,521 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 259,824 $ 4,555,617 $ 54,320,318 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 (-) 259,052 4,126,832 48,911,953 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 772 $ 427,455 $ 5,407,034 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, July 25, 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 $ 11,067,063 $ 11,065,980 $ 11,044,185 $ 10,127,031 Intragovernmental Holdings 4,807,797 4,816,511 4,812,182 4,663,309 Total Public Debt Outstanding 15,874,859 15,882,491 15,856,367 14,790,340 Less: Debt Not Subject to Limit: Other Debt 486 486 486 487 Unamortized Discount 30,871 30,882 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 $ 15,835,897 $ 15,843,518 $ 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 25, 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 $ 6,024 $ 122,619 $ 1,470,524 Individual Income Taxes 26 494 35,239 Railroad Retirement Taxes 38 324 3,669 Excise Taxes 509 3,793 59,379 Corporation Income Taxes 33 8,409 213,175 Federal Unemployment Taxes 13 125 6,521 Estate and Gift Taxes & Misc IRS Rcpts. 8 33 484 Change in Balance of Unclassified Taxes 0 0 0 Total $ 6,652 $ 135,798 $ 1,788,991 These Receipts were deposited in: Federal Reserve Account: Directly 110 1,697 30,679 Collector Depositaries 6,527 128,313 991,250 Tax and Loan Accounts 0 0 700,687 Inter-agency Transfers 15 5,788 66,375 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 25, 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 $ 275 $ 3,501 $ 311,905 Business 16 2,321 48,071 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.