1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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 $ 27,427 $ 45,589 $ 88,573 $ 88,386 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 27,427 $ 45,589 $ 88,573 $ 88,386 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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 $ 497 $ 3,464 Air Transport Security Fees 7 29 755 Cash FTD's Received (Table IV) 8,413 170,770 966,919 Commodity Credit Corporation programs 48 519 2,520 Customs and Certain Excise Taxes 68 3,254 17,925 Deposits by States: Supplemental Security Income 3 59 1,501 Unemployment 33 3,324 13,213 Education Department programs 207 3,586 17,398 Energy Department programs 54 763 3,083 Estate and Gift Taxes 81 1,049 7,673 Federal Reserve Earnings 2,087 8,853 39,761 Foreign Deposits, Military Sales 60 2,109 11,646 Housing and Urban Development programs 49 559 1,939 Individual Income and Employment Taxes, Not Withheld 655 4,671 107,689 Interest recd from cash investments 0 0 0 Justice Department programs 12 930 9,410 Postal Service 302 6,412 37,386 Public Debt Cash Issues (Table III-B) 1,492 447,587 3,039,261 Other Deposits: Medicare Premiums 55 1,983 10,855 Total Other Deposits 55 7,743 103,195 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 13,656 662,713 4,384,738 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 13,656 $ 662,713 $ 4,384,738 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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 $ 8 $ 891 $ 10,800 Defense Vendor Payments (EFT) 1,252 20,506 126,484 Education Department programs 992 17,417 88,576 Energy Department programs 133 1,886 12,621 Federal Employees Insurance Payments 232 4,963 28,931 Fed. Highway Administration programs 117 2,118 16,386 Federal Salaries (EFT) 62 9,541 65,966 Food and Nutrition Service (misc) 224 7,432 41,275 GSA programs 56 1,262 7,259 Health and Human Services Grants (misc) 419 6,461 38,006 Housing and Urban Development programs 216 6,382 34,079 Interest on Treasury Securities 1 35,460 97,492 IRS Tax Refunds Business (EFT) 25 1,132 6,929 IRS Tax Refunds Individual (EFT) 9,333 114,182 121,513 Justice Department programs 55 808 5,941 Labor Dept. prgms (excl. unemployment) 77 950 5,596 Medicaid 642 20,476 111,066 Medicare 1,898 26,168 236,684 NASA programs 108 1,204 6,570 Postal Service Money Orders and Other 135 2,729 15,729 Public Debt Cash Redemp. (Table III-B) 881 332,899 2,724,338 Social Security Benefits (EFT) 12,805 63,284 312,567 Supple. Nutrition Assist. Program (SNAP) 25 269 1,638 Temporary Assistance for Needy Families (HHS) 54 925 6,307 Transportation Security Admin. (DHS) 1 79 213 Unemployment Insurance Benefits 207 3,429 21,736 Veterans Affairs programs 147 3,132 19,904 Other Withdrawals: Agency for Internat'l Development 77 861 5,295 Centers for Disease Control 78 268 1,805 Federal Crop Ins. Corp. 66 1,307 8,302 Federal Railroad Admin. 63 137 975 Thrift Savings Plan Transfer 155 1,361 17,111 Veterans Benefits (EFT) 131 497 27,084 Unclassified 1,145 18,022 93,032 Total, Other Withdrawals 1,715 37,878 281,091 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 31,818 723,859 4,445,697 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 31,818 $ 723,859 $ 4,445,697 Net Change in Operating Cash Balance $ -18,162 $ -61,146 $ -60,959 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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 $ 257,994 $ 1,961,971 Cash Management Series 0 95,001 176,003 Notes 0 53,998 703,989 Bonds 0 16,000 77,994 Inflation-Protected Securities Increment -4 -135 -1,895 Federal Financing Bank 0 0 9,305 Nonmarketable: United States Savings Securities: Cash Issue Price 3 49 307 Interest Increment 1 462 2,333 Government Account Series 259,513 4,046,467 23,523,642 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 662 9,022 28,701 Other 827 15,977 95,440 Total Issues $ 261,002 $ 4,494,835 $ 26,577,790 (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 $ 243,002 $ 2,071,975 Notes 0 60,816 507,185 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 630 3,921 Government Account Series 268,511 4,044,125 23,180,804 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 15 12,435 45,844 Other 829 16,017 95,412 Total Redemptions $ 269,391 $ 4,377,024 $ 25,905,142 Net Change in Public Debt Outstanding $ -8,389 $ 117,811 $ 672,647 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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) $ 261,002 $ 4,494,835 $ 26,577,790 Premium on New Issues 0 0 346 Discount on New Issues: Bills (-) 0 93 570 Bonds and Notes (-) 0 361 5,250 Federal Financing Bank (-) 0 0 9,305 Government Account Transactions (-) 259,513 4,046,467 23,523,642 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 462 2,333 Inflation-Protected Securities Increment -4 -135 -2,227 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,492 $ 447,587 $ 3,039,261 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 269,391 $ 4,377,024 $ 25,905,142 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 268,511 4,044,125 23,180,804 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 881 $ 332,899 $ 2,724,338 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, February 26, 2014 (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 $ 12,425,388 $ 12,424,949 $ 12,308,143 $ 11,976,279 Intragovernmental Holdings 4,985,442 4,994,271 4,984,877 4,761,904 Total Public Debt Outstanding 17,410,831 17,419,220 17,293,020 16,738,184 Less: Debt Not Subject to Limit: Other Debt 485 485 485 485 Unamortized Discount 31,177 31,187 31,354 32,113 Federal Financing Bank 15,000 15,000 15,000 5,695 Hope Bonds 494 494 494 494 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 17,363,675 $ 17,372,054 $ 17,245,687 $ 16,699,396 Statutory Debt Limit * * * $ 16,699,421 *Statutory debt limit temporarily suspended through March 15, 2015. 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, February 26, 2014 (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 $ 7,868 $ 163,190 $ 859,074 Individual Income Taxes 59 831 11,146 Railroad Retirement Taxes 16 589 2,310 Excise Taxes 411 3,973 28,713 Corporation Income Taxes 58 8,304 96,765 Federal Unemployment Taxes 6 306 4,409 Estate and Gift Taxes & Misc IRS Rcpts. 1 51 275 Total $ 8,418 $ 177,244 $ 1,002,692 Cash Federal Tax Deposits: Direct $ 61 $ 2,230 $ 13,300 Through Depositaries 8,352 168,541 953,619 Total Cash FTD's $ 8,413 $ 170,770 $ 966,919 Inter-agency Transfers 5 6,474 35,773 Total $ 8,418 $ 177,244 $ 1,002,692 ___________________________________________________________________________________________ TABLE V Short-Term Cash Investments ___________________________________________________________________________________________ Type of Depositary Balance Transactions ______________________________________ Total A B C ____________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 0 Deposits: 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, February 26, 2014 (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 ____________________________________________________________________________________________ IRS Tax Refunds Business (Checks) $ 128 $ 2,479 $ 13,560 IRS Tax Refunds Business (EFT) 25 1,132 6,929 IRS Tax Refunds Individual (Checks) 473 6,199 19,097 IRS Tax Refunds Individual (EFT) 9,333 114,182 121,513 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 short-term cash investments. Treasury minimized and then suspended its short-term cash investment program beginning in November 2008, but anticipates investing again when market conditions warrant. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, various electronic systems, and information on the Public Debt. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Bureau of the Fiscal Service, Department of the Treasury. Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Fiscal Service website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9789.