1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, March 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 $ 281,904 $ 277,707 $ 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 $ 281,904 $ 277,707 $ 272,359 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, March 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) 25 562 5,759 Air Transport Security Fees $ 8 $ 33 $ 1,513 Cash FTD's Received (Table IV) 3,311 217,749 1,310,675 Commodity Credit Corporation programs 2 464 1,346 Customs and Certain Excise Taxes 48 3,310 22,365 Deposits by States: Supplemental Security Income 4 62 1,542 Unemployment 11 363 12,248 Education Department programs 141 4,691 28,448 Energy Department programs 70 338 3,684 Estate and Gift Taxes 151 1,358 10,132 Federal Reserve Earnings 0 7,532 65,675 Foreign Deposits, Military Sales 36 2,900 17,632 Housing and Urban Development programs 9 204 1,736 Individual Income and Employment Taxes, Not Withheld 340 10,848 134,584 Interest recd from cash investments 0 0 0 Justice Department programs 10 1,102 7,432 Postal Service 287 6,499 45,423 Public Debt Cash Issues (Table III-B) 118,820 595,822 3,891,271 Other Deposits: Deposit Insurance Fund 393 1,335 4,722 Medicare Premiums 90 2,135 14,094 Thrift Savings Plan Transfer 142 2,977 18,147 Total Other Deposits 625 8,595 82,987 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 123,898 862,434 5,644,453 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 123,898 $ 862,434 $ 5,644,453 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, March 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 $ 24 $ 516 $ 13,881 Defense Vendor Payments (EFT) 1,172 21,657 139,999 Education Department programs 799 10,131 96,062 Energy Department programs 130 2,356 15,351 Federal Employees Insurance Payments 928 5,592 36,375 Fed. Highway Administration programs 145 2,324 17,930 Federal Salaries (EFT) 59 8,389 80,044 Food and Nutrition Service (misc) 108 2,314 15,281 GSA programs 77 1,426 8,612 Health and Human Services Grants (misc) 440 6,822 46,734 Housing and Urban Development programs 154 5,369 35,337 Interest on Treasury Securities 0 675 113,119 IRS Tax Refunds Business (EFT) 0 1,272 12,135 IRS Tax Refunds Individual (EFT) 994 53,996 179,677 Justice Department programs 82 1,197 7,515 Labor Dept. prgms (excl. unemployment) 97 1,073 6,964 Medicaid 3,128 26,540 172,844 Medicare and Other CMS Payments 2,441 27,783 184,681 Medicare Advantage - Part C&D Payments 0 20,446 132,514 Marketplace Payments 0 6,078 19,564 NASA programs 193 1,179 8,619 Postal Service Money Orders and Other 85 2,651 19,058 Public Debt Cash Redemp. (Table III-B) 104,418 498,427 3,339,435 Social Security Benefits (EFT) 1 67,977 407,327 Supple. Nutrition Assist. Program (SNAP) 164 5,196 35,084 Temporary Assistance for Needy Families (HHS) 31 864 7,311 Transportation Security Admin. (DHS) 3 151 1,092 Unemployment Insurance Benefits 125 2,843 16,822 Veterans Affairs programs 223 4,034 26,334 Other Withdrawals: Asian Development Bank Payment 105 105 111 Interior 64 833 4,490 Pmt. to Int'l Bk for Reconstruction 187 586 586 Pmt. to Internat'l Development Assn. 1,299 1,299 1,299 Thrift Savings Plan Transfer 535 3,575 17,320 Unclassified 1,486 26,139 124,951 Total, Other Withdrawals 3,676 63,612 365,565 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 119,700 852,888 5,561,265 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 119,700 $ 852,888 $ 5,561,265 Net Change in Operating Cash Balance $ 4,198 $ 9,545 $ 83,188 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, March 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 $ 117,005 $ 513,004 $ 2,673,956 Cash Management Series 0 0 95,007 Notes 0 44,001 870,326 Bonds 0 12,000 99,595 Inflation-Protected Securities Increment 54 1,128 -8,305 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 64 411 Interest Increment 3 429 2,529 Government Account Series 383,121 6,863,558 36,632,222 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 534 9,873 29,889 Other 1,377 18,518 128,436 Total Issues $ 502,098 $ 7,462,575 $ 40,526,752 (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 $ 102,996 $ 442,993 $ 2,505,002 Notes 0 32,000 663,129 Bonds 0 2 11,015 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 38 786 5,235 Government Account Series 386,614 6,877,938 36,125,814 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 23 4,136 26,650 Other 1,362 18,511 128,405 Total Redemptions $ 491,033 $ 7,376,365 $ 39,465,705 Net Change in Public Debt Outstanding $ 11,065 $ 86,210 $ 1,061,047 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, March 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) $ 502,098 $ 7,462,575 $ 40,526,752 Premium on New Issues 0 0 637 Discount on New Issues: Bills (-) 100 585 2,529 Bonds and Notes (-) 0 1,052 4,795 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 383,121 6,863,558 36,632,222 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 429 2,529 Inflation-Protected Securities Increment 54 1,128 -8,642 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 118,820 $ 595,822 $ 3,891,271 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 491,033 $ 7,376,365 $ 39,465,705 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 (-) 386,614 6,877,938 36,125,814 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 104,418 $ 498,427 $ 3,339,435 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, March 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 $ 13,886,696 $ 13,872,276 $ 13,785,189 $ 13,123,847 Intragovernmental Holdings 5,324,968 5,328,323 5,340,266 5,026,770 Total Public Debt Outstanding 19,211,665 19,200,600 19,125,455 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,215 23,137 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 $ 19,172,928 $ 19,161,940 $ 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 Thursday, March 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 $ 2,616 $ 178,694 $ 1,139,470 Individual Income Taxes 118 3,154 26,711 Railroad Retirement Taxes 1 368 2,844 Excise Taxes 186 3,475 35,520 Corporation Income Taxes 391 37,568 146,030 Federal Unemployment Taxes 2 69 4,210 Estate and Gift Taxes & Misc IRS Rcpts. 3 47 480 Total $ 3,317 $ 223,375 $ 1,355,265 Cash Federal Tax Deposits: Direct $ 71 $ 1,519 $ 15,150 Through Depositaries 3,240 216,230 1,295,524 Total Cash FTD's $ 3,311 $ 217,749 $ 1,310,675 Inter-agency Transfers 7 5,625 44,591 Total $ 3,317 $ 223,375 $ 1,355,265 ___________________________________________________________________________________________ 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 Thursday, March 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) $ 12 $ 4,027 $ 20,667 IRS Tax Refunds Business (EFT) 0 1,272 12,135 IRS Tax Refunds Individual (Checks) 294 8,406 28,660 IRS Tax Refunds Individual (EFT) 994 53,996 179,677 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.