1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, March 16, 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 $ 279,081 $ 278,674 $ 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 $ 279,081 $ 278,674 $ 272,359 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, March 16, 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) 11 315 5,512 Air Transport Security Fees $ 1 $ 17 $ 1,497 Cash FTD's Received (Table IV) 24,274 177,486 1,270,411 Commodity Credit Corporation programs 8 233 1,115 Customs and Certain Excise Taxes 66 912 19,966 Deposits by States: Supplemental Security Income 3 39 1,519 Unemployment 25 283 12,168 Education Department programs 280 3,439 27,196 Energy Department programs 4 130 3,477 Estate and Gift Taxes 51 728 9,502 Federal Reserve Earnings 2,283 5,633 63,776 Foreign Deposits, Military Sales 14 2,550 17,282 Housing and Urban Development programs 5 118 1,650 Individual Income and Employment Taxes, Not Withheld 974 7,655 131,391 Interest recd from cash investments 0 0 0 Justice Department programs 22 964 7,295 Postal Service 311 4,568 43,492 Public Debt Cash Issues (Table III-B) 1,085 341,164 3,636,612 Other Deposits: International Monetary Fund 290 306 17,657 Thrift Savings Plan Transfer 204 2,181 17,352 Total Other Deposits 494 5,372 79,764 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 29,911 551,605 5,333,625 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 29,911 $ 551,605 $ 5,333,625 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, March 16, 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 $ 8 $ 362 $ 13,727 Defense Vendor Payments (EFT) 671 13,018 131,359 Education Department programs 482 6,644 92,576 Energy Department programs 113 1,653 14,647 Federal Employees Insurance Payments 234 3,469 34,252 Fed. Highway Administration programs 142 1,542 17,148 Federal Salaries (EFT) 71 7,304 78,959 Food and Nutrition Service (misc) 146 1,475 14,442 GSA programs 50 1,073 8,259 Health and Human Services Grants (misc) 440 4,691 44,603 Housing and Urban Development programs 139 4,552 34,521 Interest on Treasury Securities 0 675 113,119 IRS Tax Refunds Business (EFT) 15 886 11,750 IRS Tax Refunds Individual (EFT) 6,728 41,411 167,093 Justice Department programs 67 762 7,080 Labor Dept. prgms (excl. unemployment) 34 745 6,636 Medicaid 1,092 16,782 163,087 Medicare and Other CMS Payments 1,469 16,630 173,528 Medicare Advantage - Part C&D Payments 0 20,446 132,514 Marketplace Payments 0 4 13,490 NASA programs 33 731 8,171 Postal Service Money Orders and Other 130 2,001 18,408 Public Debt Cash Redemp. (Table III-B) 964 285,641 3,126,649 Social Security Benefits (EFT) 14,492 53,115 392,465 Supple. Nutrition Assist. Program (SNAP) 242 3,719 33,607 Temporary Assistance for Needy Families (HHS) 15 677 7,123 Transportation Security Admin. (DHS) 4 84 1,024 Unemployment Insurance Benefits 192 2,003 15,982 Veterans Affairs programs 167 2,843 25,144 Other Withdrawals: Thrift Savings Plan Transfer 212 2,055 15,800 Unclassified 1,154 17,056 115,868 Total, Other Withdrawals 1,366 49,944 351,897 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 29,504 544,883 5,253,260 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 29,504 $ 544,883 $ 5,253,260 Net Change in Operating Cash Balance $ 407 $ 6,722 $ 80,365 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, March 16, 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 $ 269,002 $ 2,429,953 Cash Management Series 0 0 95,007 Notes 0 44,001 870,326 Bonds 0 12,000 99,596 Inflation-Protected Securities Increment 55 694 -8,739 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 43 391 Interest Increment 3 411 2,511 Government Account Series 381,252 4,563,133 34,331,797 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 169 5,391 25,408 Other 913 12,143 122,060 Total Issues $ 382,395 $ 4,906,818 $ 37,970,994 (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 $ 236,998 $ 2,299,006 Notes 0 32,000 663,129 Bonds 0 0 11,013 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 44 538 4,988 Government Account Series 391,906 4,595,232 33,843,108 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 7 3,954 26,468 Other 914 12,151 122,045 Total Redemptions $ 392,870 $ 4,880,873 $ 36,970,212 Net Change in Public Debt Outstanding $ -10,475 $ 25,944 $ 1,000,782 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, March 16, 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) $ 382,395 $ 4,906,818 $ 37,970,994 Premium on New Issues 0 0 637 Discount on New Issues: Bills (-) 0 364 2,307 Bonds and Notes (-) 0 1,052 4,795 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 381,252 4,563,133 34,331,797 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 411 2,511 Inflation-Protected Securities Increment 55 694 -9,076 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,085 $ 341,164 $ 3,636,612 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 392,870 $ 4,880,873 $ 36,970,212 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 (-) 391,906 4,595,232 33,843,108 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 964 $ 285,641 $ 3,126,649 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, March 16, 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 $ 13,844,765 $ 13,844,438 $ 13,785,189 $ 13,123,847 Intragovernmental Holdings 5,306,634 5,317,436 5,340,266 5,026,770 Total Public Debt Outstanding 19,151,399 19,161,875 19,125,455 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,172 23,194 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 $ 19,112,705 $ 19,123,159 $ 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 Wednesday, March 16, 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 $ 22,964 $ 140,688 $ 1,101,464 Individual Income Taxes 469 2,228 25,785 Railroad Retirement Taxes 40 307 2,783 Excise Taxes 8 3,155 35,201 Corporation Income Taxes 815 36,277 144,738 Federal Unemployment Taxes 4 50 4,191 Estate and Gift Taxes & Misc IRS Rcpts. 1 30 464 Total $ 24,301 $ 182,735 $ 1,314,626 Cash Federal Tax Deposits: Direct $ 55 $ 1,174 $ 14,805 Through Depositaries 24,219 176,312 1,255,606 Total Cash FTD's $ 24,274 $ 177,486 $ 1,270,411 Inter-agency Transfers 28 5,249 44,214 Total $ 24,301 $ 182,735 $ 1,314,626 ___________________________________________________________________________________________ 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, March 16, 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) $ 25 $ 3,062 $ 19,701 IRS Tax Refunds Business (EFT) 15 886 11,750 IRS Tax Refunds Individual (Checks) 330 5,613 25,867 IRS Tax Refunds Individual (EFT) 6,728 41,411 167,093 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.