1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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 $ 238,552 $ 245,250 $ 370,182 $ 198,716 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 238,552 $ 245,250 $ 370,182 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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) 28 515 5,015 Air Transport Security Fees $ 2 $ 20 $ 1,163 Cash FTD's Received (Table IV) 2,329 171,860 1,048,721 Commodity Credit Corporation programs 8 82 854 Customs and Certain Excise Taxes 2,015 3,204 18,731 Deposits by States: Supplemental Security Income 2 45 1,233 Unemployment 34 3,767 11,781 Education Department programs 369 4,056 23,092 Energy Department programs 54 343 3,069 Estate and Gift Taxes 120 1,224 8,569 Federal Reserve Earnings 0 5,660 56,627 Foreign Deposits, Military Sales 31 2,545 14,558 Housing and Urban Development programs 66 331 1,432 Individual Income and Employment Taxes, Not Withheld 303 4,975 122,392 Interest recd from cash investments 0 0 0 Justice Department programs 11 754 3,686 Postal Service 436 6,280 37,572 Public Debt Cash Issues (Table III-B) 1,304 577,949 3,027,881 Other Deposits: International Monetary Fund 1/ 4,224 14,926 16,527 Medicare Premiums 151 2,071 11,560 Total Other Deposits 4,375 20,854 71,763 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 11,487 804,465 4,458,139 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 11,487 $ 804,465 $ 4,458,139 1/Through February 25, 2016, the International Monetary Fund line item for deposits and withdrawals will be impacted by transactions associated with the payment of IMF quota increases in dollars by the United States and other IMF member countries. 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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 $ 37 $ 624 $ 13,209 Defense Vendor Payments (EFT) 1,776 18,934 113,599 Education Department programs 682 16,322 82,816 Energy Department programs 66 1,696 12,354 Federal Employees Insurance Payments 271 4,588 29,175 Fed. Highway Administration programs 143 2,141 15,045 Federal Salaries (EFT) 74 9,727 66,830 Food and Nutrition Service (misc) 122 2,086 12,477 GSA programs 32 1,306 6,987 Health and Human Services Grants (misc) 287 6,689 37,973 Housing and Urban Development programs 157 5,136 29,282 Interest on Treasury Securities 0 44,868 105,838 IRS Tax Refunds Business (EFT) 183 3,676 10,710 IRS Tax Refunds Individual (EFT) 4,478 96,110 105,231 Justice Department programs 59 1,039 6,129 Labor Dept. prgms (excl. unemployment) 36 939 5,610 Medicaid 1,093 22,468 140,398 Medicare and Other CMS Payments 1,741 23,919 149,740 Medicare Advantage - Part C&D Payments 0 21,517 112,069 Marketplace Payments 3,397 3,397 13,486 NASA programs 101 1,140 7,186 Postal Service Money Orders and Other 122 2,587 15,588 Public Debt Cash Redemp. (Table III-B) 987 514,497 2,637,320 Social Security Benefits (EFT) 47 53,321 324,627 Supple. Nutrition Assist. Program (SNAP) 174 5,127 29,196 Temporary Assistance for Needy Families (HHS) 42 1,025 6,222 Transportation Security Admin. (DHS) 6 116 859 Unemployment Insurance Benefits 271 2,917 13,627 Veterans Affairs programs 180 3,594 21,525 Other Withdrawals: Agency for Internat'l Development 53 1,172 5,569 Customs and Borders Protection (DHS) 50 338 1,287 Emergency Prep & Response (DHS) 57 615 3,725 Unclassified 1,461 17,777 92,665 Total, Other Withdrawals 1,621 64,590 293,194 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 18,185 936,095 4,418,303 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 18,185 $ 936,095 $ 4,418,303 Net Change in Operating Cash Balance $ -6,698 $ -131,629 $ 39,836 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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 $ 383,993 $ 2,038,952 Cash Management Series 0 0 95,007 Notes 0 157,598 695,833 Bonds 0 16,173 78,249 Inflation-Protected Securities Increment -120 -2,991 -8,711 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 50 334 Interest Increment 2 423 2,093 Government Account Series 388,313 6,075,156 28,222,961 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 359 4,253 17,922 Other 942 16,892 105,628 Total Issues $ 389,499 $ 6,651,546 $ 31,250,954 (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 $ 324,981 $ 1,955,010 Notes 0 162,539 538,960 Bonds 0 5,428 11,013 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 37 685 4,306 Government Account Series 377,014 6,084,998 27,698,917 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 6 3,942 22,427 Other 944 16,921 105,604 Total Redemptions $ 378,001 $ 6,599,495 $ 30,336,692 Net Change in Public Debt Outstanding $ 11,498 $ 52,051 $ 914,261 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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) $ 389,499 $ 6,651,546 $ 31,250,954 Premium on New Issues 0 0 629 Discount on New Issues: Bills (-) 0 418 1,833 Bonds and Notes (-) 0 592 3,191 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 388,313 6,075,156 28,222,961 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 423 2,093 Inflation-Protected Securities Increment -120 -2,991 -9,062 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,304 $ 577,949 $ 3,027,881 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 378,001 $ 6,599,495 $ 30,336,692 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 (-) 377,014 6,084,998 27,698,917 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 987 $ 514,497 $ 2,637,320 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, February 23, 2016 (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 $ 13,720,282 $ 13,720,102 $ 13,657,155 $ 13,123,847 Intragovernmental Holdings 5,344,597 5,333,280 5,355,673 5,026,770 Total Public Debt Outstanding 19,064,879 19,053,381 19,012,828 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,831 23,852 23,868 24,350 Federal Financing Bank 15,000 15,000 15,000 12,315 Hope Bonds 39 39 39 494 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 19,025,526 $ 19,014,008 $ 18,973,438 $ 18,112,975 Statutory Debt Limit * * * $ 18,113,000 *Statutory debt limit temporarily suspended through March 15, 2017 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, February 23, 2016 (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 $ 2,163 $ 165,857 $ 919,289 Individual Income Taxes 109 1,526 22,963 Railroad Retirement Taxes 0 517 2,328 Excise Taxes 37 3,398 29,069 Corporation Income Taxes 33 4,231 107,707 Federal Unemployment Taxes 4 2,430 4,121 Estate and Gift Taxes & Misc IRS Rcpts. 1 103 425 Total $ 2,348 $ 178,064 $ 1,085,902 Cash Federal Tax Deposits: Direct $ 33 $ 1,970 $ 12,712 Through Depositaries 2,296 169,890 1,036,009 Total Cash FTD's $ 2,329 $ 171,860 $ 1,048,721 Inter-agency Transfers 19 6,204 37,180 Total $ 2,348 $ 178,064 $ 1,085,902 ___________________________________________________________________________________________ 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 Tuesday, February 23, 2016 (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) $ 752 $ 4,907 $ 16,233 IRS Tax Refunds Business (EFT) 183 3,676 10,710 IRS Tax Refunds Individual (Checks) 189 5,855 17,996 IRS Tax Refunds Individual (EFT) 4,478 96,110 105,231 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.