1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, March 31, 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 $ 313,835 $ 291,912 $ 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 $ 313,835 $ 291,912 $ 272,359 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, March 31, 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) 371 1,107 6,304 Air Transport Security Fees $ 260 $ 345 $ 1,825 Cash FTD's Received (Table IV) 5,265 258,795 1,351,721 Commodity Credit Corporation programs 4 484 1,366 Customs and Certain Excise Taxes 50 3,669 22,723 Deposits by States: Supplemental Security Income 7 311 1,790 Unemployment 14 430 12,315 Education Department programs 103 5,648 29,405 Energy Department programs 20 549 3,896 Estate and Gift Taxes 7 1,624 10,398 Federal Reserve Earnings 0 9,557 67,700 Foreign Deposits, Military Sales 43 3,032 17,764 Housing and Urban Development programs 29 249 1,781 Individual Income and Employment Taxes, Not Withheld 643 14,804 138,540 Interest recd from cash investments 0 0 0 Justice Department programs 10 1,150 7,481 Postal Service 327 8,136 47,060 Public Debt Cash Issues (Table III-B) 246,652 860,237 4,155,685 Other Deposits: Comptroller of the Currency-Assessment 557 558 627 Deposit Insurance Fund 346 4,141 7,528 Federal Housing Admin: Note Sales 84 1,727 10,358 GSE Dividends 4,600 4,600 6,802 Medicare Premiums 162 2,653 14,611 Minerals Management Svc/Collections 251 343 2,883 Thrift Savings Plan Transfer 157 3,252 18,422 Total Other Deposits 6,157 17,966 92,359 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 259,963 1,188,095 5,970,114 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 259,963 $ 1,188,095 $ 5,970,114 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, March 31, 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 $ 20 $ 603 $ 13,968 Defense Vendor Payments (EFT) 1,144 27,483 145,824 Education Department programs 655 13,086 99,018 Energy Department programs 330 3,139 16,134 Federal Employees Insurance Payments 246 6,650 37,433 Fed. Highway Administration programs 145 2,996 18,603 Federal Salaries (EFT) 771 14,214 85,869 Food and Nutrition Service (misc) 115 2,829 15,796 GSA programs 72 1,668 8,855 Health and Human Services Grants (misc) 534 9,347 49,258 Housing and Urban Development programs 118 6,062 36,030 Interest on Treasury Securities 6,748 7,412 119,855 IRS Tax Refunds Business (EFT) 148 1,913 12,776 IRS Tax Refunds Individual (EFT) 913 64,477 190,159 Justice Department programs 22 1,525 7,843 Labor Dept. prgms (excl. unemployment) 78 1,387 7,278 Medicaid 1,737 31,780 178,085 Medicare and Other CMS Payments 1,273 36,722 193,620 Medicare Advantage - Part C&D Payments 0 20,446 132,514 Marketplace Payments 0 6,078 19,564 NASA programs 0 1,411 8,851 Postal Service Money Orders and Other 360 3,585 19,992 Public Debt Cash Redemp. (Table III-B) 221,494 723,956 3,564,964 Social Security Benefits (EFT) 0 67,979 407,329 Supple. Nutrition Assist. Program (SNAP) 96 6,038 35,926 Temporary Assistance for Needy Families (HHS) 24 1,479 7,925 Transportation Security Admin. (DHS) 9 188 1,128 Unemployment Insurance Benefits 76 3,526 17,505 Veterans Affairs programs 178 4,966 27,267 Other Withdrawals: Centers for Disease Control 63 649 2,909 Federal Aviation Administration 50 633 3,815 Federal Financing Bank 106 384 2,759 Federal Transit Admin. 70 922 5,584 Interior 86 1,128 4,786 Thrift Savings Plan Transfer 284 5,543 19,289 Unclassified 75 31,469 130,281 Total, Other Withdrawals 734 73,672 375,625 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 238,040 1,146,619 5,854,995 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 238,040 $ 1,146,619 $ 5,854,995 Net Change in Operating Cash Balance $ 21,922 $ 41,476 $ 115,119 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, March 31, 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 $ 122,000 $ 635,003 $ 2,795,955 Cash Management Series 0 0 95,007 Notes 122,587 179,587 1,005,913 Bonds 0 12,000 99,595 Inflation-Protected Securities Increment 57 1,518 -7,916 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 81 428 Interest Increment 2 442 2,542 Government Account Series 393,460 8,780,368 38,549,032 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 806 11,711 31,727 Other 1,535 23,763 133,680 Total Issues $ 640,449 $ 9,644,472 $ 42,708,649 (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 $ 125,998 $ 568,991 $ 2,631,000 Notes 93,706 125,706 756,835 Bonds 0 2 11,015 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 35 977 5,426 Government Account Series 386,967 8,781,033 38,028,909 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 227 4,529 27,043 Other 1,527 23,751 133,645 Total Redemptions $ 608,461 $ 9,504,989 $ 41,594,328 Net Change in Public Debt Outstanding $ 31,988 $ 139,484 $ 1,114,321 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, March 31, 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) $ 640,449 $ 9,644,472 $ 42,708,649 Premium on New Issues 407 415 1,052 Discount on New Issues: Bills (-) 226 811 2,755 Bonds and Notes (-) 416 1,469 5,211 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 393,460 8,780,368 38,549,032 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 442 2,542 Inflation-Protected Securities Increment 99 1,560 -8,210 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 246,652 $ 860,237 $ 4,155,685 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 608,461 $ 9,504,989 $ 41,594,328 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 (-) 386,967 8,781,033 38,028,909 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 221,494 $ 723,956 $ 3,564,964 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, March 31, 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 $ 13,924,878 $ 13,899,646 $ 13,785,189 $ 13,123,847 Intragovernmental Holdings 5,340,061 5,333,305 5,340,266 5,026,770 Total Public Debt Outstanding 19,264,939 19,232,951 19,125,455 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,425 23,078 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 $ 19,225,991 $ 19,194,351 $ 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 31, 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 $ 5,116 $ 216,675 $ 1,177,450 Individual Income Taxes 281 4,300 27,857 Railroad Retirement Taxes 53 539 3,015 Excise Taxes -87 6,422 38,467 Corporation Income Taxes 117 38,326 146,788 Federal Unemployment Taxes 9 96 4,237 Estate and Gift Taxes & Misc IRS Rcpts. 12 64 497 Total $ 5,501 $ 266,421 $ 1,398,311 Cash Federal Tax Deposits: Direct $ 38 $ 2,584 $ 16,216 Through Depositaries 5,227 256,211 1,335,505 Total Cash FTD's $ 5,265 $ 258,795 $ 1,351,721 Inter-agency Transfers 235 7,625 46,591 Total $ 5,501 $ 266,421 $ 1,398,311 ___________________________________________________________________________________________ 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 31, 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) $ 69 $ 4,963 $ 21,602 IRS Tax Refunds Business (EFT) 148 1,913 12,776 IRS Tax Refunds Individual (Checks) 281 1/ 10,998 1/ 31,253 IRS Tax Refunds Individual (EFT) 913 1/ 64,477 1/ 190,159 1/Does not include $1,268 million offset by FMS for the month of March 2016 and $4,088 million for the fiscal year-to-date for Treasury Offset Program against Tax Refunds issued. 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.