1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, March 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 $ 277,707 $ 301,036 $ 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 $ 277,707 $ 301,036 $ 272,359 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, March 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) 23 537 5,735 Air Transport Security Fees $ 2 $ 25 $ 1,506 Cash FTD's Received (Table IV) 7,583 214,439 1,307,364 Commodity Credit Corporation programs 3 462 1,344 Customs and Certain Excise Taxes 54 3,263 22,317 Deposits by States: Supplemental Security Income 1 58 1,537 Unemployment 12 352 12,237 Education Department programs 146 4,550 28,307 Energy Department programs 34 267 3,614 Estate and Gift Taxes 198 1,208 9,982 Federal Reserve Earnings 1,899 7,532 65,675 Foreign Deposits, Military Sales 38 2,864 17,596 Housing and Urban Development programs 3 196 1,727 Individual Income and Employment Taxes, Not Withheld 1,142 10,508 134,244 Interest recd from cash investments 0 0 0 Justice Department programs 61 1,091 7,422 Postal Service 300 6,212 45,136 Public Debt Cash Issues (Table III-B) 1,119 477,002 3,772,451 Other Deposits: Medicare Premiums 398 2,045 14,004 TARP 6 8 33 Thrift Savings Plan Transfer 109 2,834 18,005 Total Other Deposits 513 7,970 82,362 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 13,131 738,536 5,520,556 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 13,131 $ 738,536 $ 5,520,556 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, March 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 $ 13 $ 492 $ 13,857 Defense Vendor Payments (EFT) 1,392 20,485 138,827 Education Department programs 766 9,332 95,263 Energy Department programs 93 2,226 15,221 Federal Employees Insurance Payments 245 4,664 35,447 Fed. Highway Administration programs 150 2,179 17,785 Federal Salaries (EFT) 80 8,330 79,985 Food and Nutrition Service (misc) 135 2,206 15,173 GSA programs 74 1,349 8,535 Health and Human Services Grants (misc) 346 6,382 46,294 Housing and Urban Development programs 155 5,214 35,183 Interest on Treasury Securities 0 675 113,119 IRS Tax Refunds Business (EFT) 18 1,272 12,135 IRS Tax Refunds Individual (EFT) 5,800 53,009 178,691 Justice Department programs 81 1,115 7,432 Labor Dept. prgms (excl. unemployment) 31 976 6,867 Medicaid 1,118 23,412 169,716 Medicare and Other CMS Payments 2,121 25,342 182,240 Medicare Advantage - Part C&D Payments 0 20,446 132,514 Marketplace Payments 6,074 6,078 19,564 NASA programs 65 985 8,425 Postal Service Money Orders and Other 116 2,566 18,973 Public Debt Cash Redemp. (Table III-B) 956 394,009 3,235,017 Social Security Benefits (EFT) 14,665 67,975 407,325 Supple. Nutrition Assist. Program (SNAP) 167 5,032 34,920 Temporary Assistance for Needy Families (HHS) 14 833 7,279 Transportation Security Admin. (DHS) 3 148 1,088 Unemployment Insurance Benefits 158 2,717 16,696 Veterans Affairs programs 160 3,811 26,111 Other Withdrawals: Agency for Internat'l Development 64 761 6,936 Agriculture Loan Payments (misc) 55 568 3,911 Federal Transit Admin. 51 487 5,150 Unclassified 1,295 24,645 123,457 Total, Other Withdrawals 1,465 59,927 361,881 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 36,460 733,188 5,441,565 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 36,460 $ 733,188 $ 5,441,565 Net Change in Operating Cash Balance $ -23,329 $ 5,348 $ 78,991 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, March 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 $ 395,999 $ 2,556,951 Cash Management Series 0 0 95,007 Notes 0 44,001 870,326 Bonds 0 12,000 99,595 Inflation-Protected Securities Increment 53 1,074 -8,360 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 61 408 Interest Increment 4 426 2,527 Government Account Series 381,109 6,480,437 36,249,101 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 202 9,339 29,355 Other 913 17,141 127,059 Total Issues $ 382,285 $ 6,960,477 $ 40,024,654 (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 $ 339,997 $ 2,402,006 Notes 0 32,000 663,129 Bonds 1 2 11,015 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 748 5,197 Government Account Series 392,073 6,491,324 35,739,200 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 4,113 26,627 Other 914 17,149 127,043 Total Redemptions $ 393,029 $ 6,885,333 $ 38,974,672 Net Change in Public Debt Outstanding $ -10,743 $ 75,145 $ 1,049,982 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, March 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) $ 382,285 $ 6,960,477 $ 40,024,654 Premium on New Issues 0 0 637 Discount on New Issues: Bills (-) 0 485 2,429 Bonds and Notes (-) 0 1,052 4,795 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 381,109 6,480,437 36,249,101 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 426 2,527 Inflation-Protected Securities Increment 53 1,074 -8,696 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,119 $ 477,002 $ 3,772,451 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 393,029 $ 6,885,333 $ 38,974,672 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 (-) 392,073 6,491,324 35,739,200 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 956 $ 394,009 $ 3,235,017 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, March 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 $ 13,872,276 $ 13,872,009 $ 13,785,189 $ 13,123,847 Intragovernmental Holdings 5,328,323 5,339,333 5,340,266 5,026,770 Total Public Debt Outstanding 19,200,600 19,211,343 19,125,455 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,137 23,160 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 $ 19,161,940 $ 19,172,661 $ 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 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 $ 7,361 $ 176,078 $ 1,136,854 Individual Income Taxes 119 3,036 26,593 Railroad Retirement Taxes 3 367 2,843 Excise Taxes 32 3,289 35,335 Corporation Income Taxes 69 37,176 145,638 Federal Unemployment Taxes 4 67 4,208 Estate and Gift Taxes & Misc IRS Rcpts. 1 44 477 Total $ 7,589 $ 220,057 $ 1,351,948 Cash Federal Tax Deposits: Direct $ 74 $ 1,448 $ 15,079 Through Depositaries 7,509 212,990 1,292,284 Total Cash FTD's $ 7,583 $ 214,439 $ 1,307,364 Inter-agency Transfers 7 5,619 44,584 Total $ 7,589 $ 220,057 $ 1,351,948 ___________________________________________________________________________________________ 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 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) $ 95 $ 4,015 $ 20,655 IRS Tax Refunds Business (EFT) 18 1,272 12,135 IRS Tax Refunds Individual (Checks) 296 8,111 28,366 IRS Tax Refunds Individual (EFT) 5,800 53,009 178,691 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.