1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, May 3, 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 $ 319,569 $ 343,705 $ 339,091 $ 198,716 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 319,569 $ 343,705 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, May 3, 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) $ 21 $ 66 $ 7,133 Air Transport Security Fees 7 13 2,187 Cash FTD's Received (Table IV) 3,654 35,878 1,670,923 Commodity Credit Corporation programs 8 13 1,918 Customs and Certain Excise Taxes 117 208 26,448 Deposits by States: Supplemental Security Income 9 15 2,103 Unemployment 1,936 5,279 22,075 Education Department programs 359 618 34,678 Energy Department programs 5 27 4,445 Estate and Gift Taxes 56 106 13,554 Federal Reserve Earnings 0 0 75,220 Foreign Deposits, Military Sales 3 1,419 21,833 Housing and Urban Development programs 7 16 2,050 Individual Income and Employment Taxes, Not Withheld 1,397 4,582 336,104 Interest recd from cash investments 0 0 0 Justice Department programs 12 51 11,692 Postal Service 429 814 55,216 Public Debt Cash Issues (Table III-B) 1,560 132,832 4,761,835 Other Deposits: Federal Housing Admin: Note Sales 117 199 12,246 Total Other Deposits 117 517 100,970 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 9,696 182,454 7,150,384 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 9,696 $ 182,454 $ 7,150,384 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, May 3, 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 $ 34 $ 14,481 Defense Vendor Payments (EFT) 1,148 1,891 171,047 Education Department programs 343 1,051 109,349 Energy Department programs 124 226 19,327 Federal Employees Insurance Payments 226 384 44,205 Fed. Highway Administration programs 102 335 22,078 Federal Salaries (EFT) 454 637 99,881 Food and Nutrition Service (misc) 149 264 18,682 GSA programs 36 553 11,051 Health and Human Services Grants (misc) 273 747 58,496 Housing and Urban Development programs 190 2,991 44,780 Interest on Treasury Securities 0 7,076 128,705 IRS Tax Refunds Business (EFT) 13 17 16,441 IRS Tax Refunds Individual (EFT) 736 1,322 238,849 Justice Department programs 137 150 9,614 Labor Dept. prgms (excl. unemployment) 45 99 8,673 Medicaid 1,172 2,040 210,503 Medicare and Other CMS Payments 1,379 2,831 228,888 Medicare Advantage - Part C&D Payments 0 0 175,477 Marketplace Payments 0 0 22,818 NASA programs 127 127 10,204 Postal Service Money Orders and Other 143 289 23,692 Public Debt Cash Redemp. (Table III-B) 1,015 142,853 4,267,307 Social Security Benefits (EFT) 23,221 23,485 499,404 Supple. Nutrition Assist. Program (SNAP) 208 504 42,105 Temporary Assistance for Needy Families (HHS) 44 120 9,210 Transportation Security Admin. (DHS) 16 17 1,353 Unemployment Insurance Benefits 232 533 20,680 Veterans Affairs programs 169 387 32,582 Other Withdrawals: Federal Transit Admin. 93 116 6,433 Thrift Savings Plan Transfer 229 508 23,457 Unclassified 1,793 3,507 163,035 Total, Other Withdrawals 2,116 11,016 469,650 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 33,833 201,977 7,029,531 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 33,833 $ 201,977 $ 7,029,531 Net Change in Operating Cash Balance $ -24,136 $ -19,522 $ 120,853 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, May 3, 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 $ -2 $ 3,163,947 Cash Management Series 0 0 95,007 Notes 0 130,371 1,196,592 Bonds 0 0 111,675 Inflation-Protected Securities Increment 150 353 -6,696 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 8 499 Interest Increment 2 396 3,454 Government Account Series 398,447 775,482 47,357,107 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 611 645 44,120 Other 946 1,963 157,402 Total Issues $ 400,159 $ 909,215 $ 52,125,790 (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 $ 0 $ 3,089,997 Notes 0 137,100 967,155 Bonds 0 0 11,016 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 69 130 6,549 Government Account Series 397,330 781,934 46,836,790 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 3,677 35,251 Other 947 1,945 157,339 Total Redemptions $ 398,345 $ 924,787 $ 51,104,592 Net Change in Public Debt Outstanding $ 1,814 $ -15,572 $ 1,021,198 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, May 3, 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) $ 400,159 $ 909,215 $ 52,125,790 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 0 3,144 Bonds and Notes (-) 0 153 5,869 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 398,447 775,482 47,357,107 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 396 3,454 Inflation-Protected Securities Increment 150 353 -6,997 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,560 $ 132,832 $ 4,761,835 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 398,345 $ 924,787 $ 51,104,592 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 (-) 397,330 781,934 46,836,790 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,015 $ 142,853 $ 4,267,307 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, May 3, 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 $ 13,831,649 $ 13,831,186 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,340,167 5,338,816 5,346,193 5,026,770 Total Public Debt Outstanding 19,171,816 19,170,002 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,152 23,175 23,221 24,350 Federal Financing Bank 15,000 15,000 15,000 12,315 Hope Bonds 0 0 0 494 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 19,133,182 $ 19,131,344 $ 19,148,684 $ 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, May 3, 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 $ 3,099 $ 34,854 $ 1,394,655 Individual Income Taxes 453 620 89,219 Railroad Retirement Taxes 11 82 3,567 Excise Taxes 84 208 45,910 Corporation Income Taxes 23 63 186,423 Federal Unemployment Taxes 15 2,316 7,509 Estate and Gift Taxes & Misc IRS Rcpts. 34 35 658 Total $ 3,719 $ 38,178 $ 1,727,940 Cash Federal Tax Deposits: Direct $ 188 $ 294 $ 19,793 Through Depositaries 3,467 35,584 1,651,130 Total Cash FTD's $ 3,654 $ 35,878 $ 1,670,923 Inter-agency Transfers 65 2,299 57,017 Total $ 3,719 $ 38,178 $ 1,727,940 ___________________________________________________________________________________________ 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, May 3, 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) $ 334 $ 629 $ 25,693 IRS Tax Refunds Business (EFT) 13 17 16,441 IRS Tax Refunds Individual (Checks) 421 718 47,594 IRS Tax Refunds Individual (EFT) 736 1,322 238,849 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.