1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, March 8, 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 $ 216,274 $ 222,709 $ 272,359 $ 198,716 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 216,274 $ 222,709 $ 272,359 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, March 8, 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) 33 179 5,376 Air Transport Security Fees $ 1 $ 12 $ 1,493 Cash FTD's Received (Table IV) 3,104 65,943 1,158,868 Commodity Credit Corporation programs 2 33 915 Customs and Certain Excise Taxes 77 459 19,514 Deposits by States: Supplemental Security Income 6 26 1,505 Unemployment 18 140 12,025 Education Department programs 398 2,071 25,828 Energy Department programs 10 58 3,405 Estate and Gift Taxes 29 334 9,108 Federal Reserve Earnings 0 1,790 59,934 Foreign Deposits, Military Sales 19 1,870 16,602 Housing and Urban Development programs 4 71 1,603 Individual Income and Employment Taxes, Not Withheld 985 4,549 128,285 Interest recd from cash investments 0 0 0 Justice Department programs 15 903 7,233 Postal Service 516 2,500 41,424 Public Debt Cash Issues (Table III-B) 1,216 150,138 3,445,587 Other Deposits: Federal Housing Admin: Note Sales 360 945 9,576 Total Other Deposits 360 2,409 76,801 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 6,794 233,484 5,015,504 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 6,794 $ 233,484 $ 5,015,504 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, March 8, 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 $ 44 $ 193 $ 13,558 Defense Vendor Payments (EFT) 1,458 6,747 125,089 Education Department programs 644 3,582 89,514 Energy Department programs 82 664 13,658 Federal Employees Insurance Payments 230 1,406 32,189 Fed. Highway Administration programs 252 859 16,466 Federal Salaries (EFT) 48 2,115 73,770 Food and Nutrition Service (misc) 111 624 13,590 GSA programs 60 789 7,975 Health and Human Services Grants (misc) 367 2,176 42,088 Housing and Urban Development programs 151 3,697 33,666 Interest on Treasury Securities 0 36 112,480 IRS Tax Refunds Business (EFT) 172 495 11,358 IRS Tax Refunds Individual (EFT) 1,493 20,002 145,684 Justice Department programs 56 360 6,678 Labor Dept. prgms (excl. unemployment) 46 415 6,306 Medicaid 2,514 9,077 155,381 Medicare and Other CMS Payments 1,252 8,217 165,115 Medicare Advantage - Part C&D Payments 0 20,442 132,510 Marketplace Payments 0 0 13,486 NASA programs 24 430 7,870 Postal Service Money Orders and Other 191 1,042 17,449 Public Debt Cash Redemp. (Table III-B) 995 141,743 2,982,751 Social Security Benefits (EFT) 55 23,617 362,967 Supple. Nutrition Assist. Program (SNAP) 291 1,628 31,516 Temporary Assistance for Needy Families (HHS) 89 391 6,838 Transportation Security Admin. (DHS) 3 47 987 Unemployment Insurance Benefits 294 1,069 15,048 Veterans Affairs programs 176 1,722 24,022 Other Withdrawals: Agency for Internat'l Development 85 298 6,472 Thrift Savings Plan Transfer 355 971 14,717 Unclassified 1,690 8,840 107,652 Total, Other Withdrawals 2,129 35,985 337,938 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 13,229 289,569 4,997,946 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 13,229 $ 289,569 $ 4,997,946 Net Change in Operating Cash Balance $ -6,435 $ -56,085 $ 17,558 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, March 8, 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 $ 142,004 $ 2,302,955 Cash Management Series 0 0 95,007 Notes 0 0 826,325 Bonds 0 0 87,596 Inflation-Protected Securities Increment 54 260 -9,174 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 21 369 Interest Increment 1 392 2,493 Government Account Series 388,333 2,285,869 32,054,533 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 280 2,175 22,191 Other 935 6,187 116,105 Total Issues $ 389,605 $ 2,436,908 $ 35,501,085 (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 $ 132,003 $ 2,194,012 Notes 0 0 631,129 Bonds 0 0 11,013 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 46 280 4,730 Government Account Series 373,559 2,307,744 31,555,620 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 3,251 25,765 Other 950 6,209 116,103 Total Redemptions $ 374,554 $ 2,449,487 $ 34,538,826 Net Change in Public Debt Outstanding $ 15,051 $ -12,578 $ 962,259 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, March 8, 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) $ 389,605 $ 2,436,908 $ 35,501,085 Premium on New Issues 0 0 637 Discount on New Issues: Bills (-) 0 249 2,193 Bonds and Notes (-) 0 0 3,742 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 388,333 2,285,869 32,054,533 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 392 2,493 Inflation-Protected Securities Increment 54 260 -9,510 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,216 $ 150,138 $ 3,445,587 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 374,554 $ 2,449,487 $ 34,538,826 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 (-) 373,559 2,307,744 31,555,620 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 995 $ 141,743 $ 2,982,751 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, March 8, 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 $ 13,794,796 $ 13,794,825 $ 13,785,189 $ 13,123,847 Intragovernmental Holdings 5,318,081 5,303,000 5,340,266 5,026,770 Total Public Debt Outstanding 19,112,877 19,097,826 19,125,455 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,232 23,254 23,153 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 $ 19,074,123 $ 19,059,050 $ 19,086,780 $ 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, March 8, 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 $ 2,780 $ 67,025 $ 1,027,800 Individual Income Taxes 156 970 24,527 Railroad Retirement Taxes 1 120 2,596 Excise Taxes 29 92 32,138 Corporation Income Taxes 173 793 109,255 Federal Unemployment Taxes 4 25 4,166 Estate and Gift Taxes & Misc IRS Rcpts. 2 21 455 Total $ 3,143 $ 69,047 $ 1,200,937 Cash Federal Tax Deposits: Direct $ 37 $ 199 $ 13,830 Through Depositaries 3,067 65,744 1,145,038 Total Cash FTD's $ 3,104 $ 65,943 $ 1,158,868 Inter-agency Transfers 40 3,104 42,069 Total $ 3,143 $ 69,047 $ 1,200,937 ___________________________________________________________________________________________ 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, March 8, 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) $ 397 $ 1,045 $ 17,685 IRS Tax Refunds Business (EFT) 172 495 11,358 IRS Tax Refunds Individual (Checks) 388 2,784 23,039 IRS Tax Refunds Individual (EFT) 1,493 20,002 145,684 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.