1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, February 24, 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 $ 216,862 $ 238,552 $ 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 $ 216,862 $ 238,552 $ 370,182 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, February 24, 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) 28 543 5,043 Air Transport Security Fees $ 3 $ 23 $ 1,165 Cash FTD's Received (Table IV) 7,654 179,514 1,056,375 Commodity Credit Corporation programs 3 85 857 Customs and Certain Excise Taxes 72 3,276 18,803 Deposits by States: Supplemental Security Income 3 48 1,236 Unemployment 20 3,787 11,801 Education Department programs 185 4,242 23,277 Energy Department programs 93 436 3,162 Estate and Gift Taxes 62 1,287 8,631 Federal Reserve Earnings 1,517 7,176 58,143 Foreign Deposits, Military Sales 2 2,547 14,560 Housing and Urban Development programs 4 336 1,437 Individual Income and Employment Taxes, Not Withheld 661 5,636 123,053 Interest recd from cash investments 0 0 0 Justice Department programs 2,610 3,365 6,297 Postal Service 311 6,591 37,883 Public Debt Cash Issues (Table III-B) 1,420 579,369 3,029,302 Other Deposits: International Monetary Fund 1/ 812 15,738 17,339 Medicare Premiums 126 2,197 11,686 Thrift Savings Plan Transfer 247 2,359 14,805 Total Other Deposits 1,185 22,039 72,948 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 15,833 820,298 4,473,972 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 15,833 $ 820,298 $ 4,473,972 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 Wednesday, February 24, 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 $ 25 $ 649 $ 13,234 Defense Vendor Payments (EFT) 822 19,756 114,421 Education Department programs 902 17,223 83,718 Energy Department programs 109 1,805 12,462 Federal Employees Insurance Payments 619 5,207 29,794 Fed. Highway Administration programs 99 2,240 15,143 Federal Salaries (EFT) 79 9,806 66,909 Food and Nutrition Service (misc) 130 2,216 12,607 GSA programs 44 1,350 7,032 Health and Human Services Grants (misc) 367 7,056 38,340 Housing and Urban Development programs 171 5,307 29,453 Interest on Treasury Securities 0 44,868 105,838 IRS Tax Refunds Business (EFT) 0 3,676 10,710 IRS Tax Refunds Individual (EFT) 13,559 109,657 118,778 Justice Department programs 58 1,097 6,188 Labor Dept. prgms (excl. unemployment) 51 990 5,661 Medicaid 869 23,337 141,267 Medicare and Other CMS Payments 2,033 25,951 151,773 Medicare Advantage - Part C&D Payments 0 21,517 112,069 Marketplace Payments 0 3,397 13,486 NASA programs 115 1,255 7,302 Postal Service Money Orders and Other 154 2,742 15,743 Public Debt Cash Redemp. (Table III-B) 1,001 515,498 2,638,321 Social Security Benefits (EFT) 14,661 67,982 339,288 Supple. Nutrition Assist. Program (SNAP) 145 5,272 29,341 Temporary Assistance for Needy Families (HHS) 26 1,050 6,248 Transportation Security Admin. (DHS) 46 162 905 Unemployment Insurance Benefits 177 3,094 13,804 Veterans Affairs programs 166 3,759 21,690 Other Withdrawals: Agriculture Loan Payments (misc) 58 492 3,234 Federal Transit Admin. 68 748 4,536 State Department 56 637 4,209 Unclassified 914 18,703 93,591 Total, Other Withdrawals 1,096 65,698 294,302 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 37,524 973,619 4,455,827 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 37,524 $ 973,619 $ 4,455,827 Net Change in Operating Cash Balance $ -21,691 $ -153,320 $ 18,146 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, February 24, 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 -121 -3,112 -8,832 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 52 337 Interest Increment 1 424 2,094 Government Account Series 382,242 6,457,398 28,605,203 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 477 4,730 18,399 Other 940 17,832 106,568 Total Issues $ 383,542 $ 7,035,089 $ 31,634,496 (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 36 721 4,342 Government Account Series 393,256 6,478,254 28,092,173 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 25 3,967 22,452 Other 940 17,862 106,545 Total Redemptions $ 394,257 $ 6,993,752 $ 30,730,949 Net Change in Public Debt Outstanding $ -10,715 $ 41,337 $ 903,547 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, February 24, 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) $ 383,542 $ 7,035,089 $ 31,634,496 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 (-) 382,242 6,457,398 28,605,203 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 424 2,094 Inflation-Protected Securities Increment -121 -3,112 -9,183 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,420 $ 579,369 $ 3,029,302 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 394,257 $ 6,993,752 $ 30,730,949 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 (-) 393,256 6,478,254 28,092,173 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,001 $ 515,498 $ 2,638,321 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, February 24, 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 $ 13,720,778 $ 13,720,282 $ 13,657,155 $ 13,123,847 Intragovernmental Holdings 5,333,387 5,344,597 5,355,673 5,026,770 Total Public Debt Outstanding 19,054,165 19,064,879 19,012,828 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,811 23,831 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 $ 19,014,832 $ 19,025,526 $ 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 Wednesday, February 24, 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 $ 7,484 $ 173,341 $ 926,773 Individual Income Taxes 76 1,602 23,039 Railroad Retirement Taxes 3 520 2,330 Excise Taxes 57 3,454 29,125 Corporation Income Taxes 33 4,265 107,740 Federal Unemployment Taxes 7 2,437 4,128 Estate and Gift Taxes & Misc IRS Rcpts. 1 104 426 Total $ 7,660 $ 185,724 $ 1,093,561 Cash Federal Tax Deposits: Direct $ 46 $ 2,016 $ 12,758 Through Depositaries 7,608 177,498 1,043,617 Total Cash FTD's $ 7,654 $ 179,514 $ 1,056,375 Inter-agency Transfers 6 6,210 37,186 Total $ 7,660 $ 185,724 $ 1,093,561 ___________________________________________________________________________________________ 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 24, 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) $ 50 $ 4,957 $ 16,283 IRS Tax Refunds Business (EFT) 0 3,676 10,710 IRS Tax Refunds Individual (Checks) 433 6,288 18,429 IRS Tax Refunds Individual (EFT) 13,559 109,657 118,778 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.