1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, May 10, 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 $ 316,456 $ 322,035 $ 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 $ 316,456 $ 322,035 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, May 10, 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) $ 31 $ 182 $ 7,249 Air Transport Security Fees 1 17 2,190 Cash FTD's Received (Table IV) 2,053 71,197 1,706,242 Commodity Credit Corporation programs 4 43 1,948 Customs and Certain Excise Taxes 84 562 26,801 Deposits by States: Supplemental Security Income 4 33 2,122 Unemployment 797 14,842 31,638 Education Department programs 305 1,675 35,734 Energy Department programs 11 67 4,485 Estate and Gift Taxes 53 505 13,953 Federal Reserve Earnings 0 1,430 76,650 Foreign Deposits, Military Sales 63 1,560 21,974 Housing and Urban Development programs 4 87 2,121 Individual Income and Employment Taxes, Not Withheld 335 6,926 338,448 Interest recd from cash investments 0 0 0 Justice Department programs 10 1,325 12,966 Postal Service 403 2,694 57,095 Public Debt Cash Issues (Table III-B) 1,176 231,376 4,860,379 Other Deposits: Federal Housing Admin: Note Sales 97 1,094 13,140 Medicare Premiums 202 616 17,784 Thrift Savings Plan Transfer 608 808 21,971 Total Other Deposits 907 2,607 103,060 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 6,241 337,126 7,305,056 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 6,241 $ 337,126 $ 7,305,056 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, May 10, 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 $ 36 $ 119 $ 14,566 Defense Vendor Payments (EFT) 1,130 6,828 175,984 Education Department programs 397 3,288 111,587 Energy Department programs 66 745 19,846 Federal Employees Insurance Payments 824 2,097 45,919 Fed. Highway Administration programs 128 1,161 22,904 Federal Salaries (EFT) 347 5,687 104,931 Food and Nutrition Service (misc) 75 721 19,138 GSA programs 40 740 11,238 Health and Human Services Grants (misc) 414 2,602 60,351 Housing and Urban Development programs 132 3,783 45,572 Interest on Treasury Securities 0 7,076 128,705 IRS Tax Refunds Business (EFT) 265 989 17,413 IRS Tax Refunds Individual (EFT) 267 5,570 243,096 Justice Department programs 103 640 10,105 Labor Dept. prgms (excl. unemployment) 41 344 8,919 Medicaid 2,082 9,337 217,800 Medicare and Other CMS Payments 1,651 9,977 236,034 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 19 465 10,543 Postal Service Money Orders and Other 168 1,266 24,668 Public Debt Cash Redemp. (Table III-B) 1,005 246,350 4,370,804 Social Security Benefits (EFT) 47 23,714 499,633 Supple. Nutrition Assist. Program (SNAP) 283 2,160 43,762 Temporary Assistance for Needy Families (HHS) 45 451 9,541 Transportation Security Admin. (DHS) 4 48 1,384 Unemployment Insurance Benefits 208 1,162 21,309 Veterans Affairs programs 171 1,349 33,545 Other Withdrawals: Agriculture 149 334 8,141 Federal Transit Admin. 79 355 6,671 Thrift Savings Plan Transfer 55 1,405 24,354 Unclassified 1,588 11,736 171,264 Total, Other Withdrawals 1,871 21,078 479,712 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,820 359,761 7,187,316 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,820 $ 359,761 $ 7,187,316 Net Change in Operating Cash Balance $ -5,579 $ -22,635 $ 117,740 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, May 10, 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 $ 91,997 $ 3,255,945 Cash Management Series 0 0 95,007 Notes 0 130,366 1,196,587 Bonds 0 0 111,675 Inflation-Protected Securities Increment 151 1,412 -5,637 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 27 518 Interest Increment 4 414 3,472 Government Account Series 377,173 2,667,004 49,248,629 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 231 2,084 45,559 Other 941 7,123 162,561 Total Issues $ 378,504 $ 2,900,426 $ 54,117,002 (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 $ 97,999 $ 3,187,996 Notes 0 137,100 967,155 Bonds 0 0 11,016 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 54 386 6,805 Government Account Series 370,483 2,636,950 48,691,807 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 7 3,753 35,328 Other 944 7,112 162,505 Total Redemptions $ 371,488 $ 2,883,300 $ 53,063,105 Net Change in Public Debt Outstanding $ 7,017 $ 17,127 $ 1,053,896 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, May 10, 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) $ 378,504 $ 2,900,426 $ 54,117,002 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 69 3,213 Bonds and Notes (-) 0 153 5,869 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 377,173 2,667,004 49,248,629 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 414 3,472 Inflation-Protected Securities Increment 151 1,412 -5,937 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,176 $ 231,376 $ 4,860,379 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 371,488 $ 2,883,300 $ 53,063,105 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 (-) 370,483 2,636,950 48,691,807 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,005 $ 246,350 $ 4,370,804 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, May 10, 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 $ 13,828,504 $ 13,827,271 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,376,010 5,370,226 5,346,193 5,026,770 Total Public Debt Outstanding 19,204,514 19,197,497 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,060 23,083 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 $ 19,165,972 $ 19,158,932 $ 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 10, 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 $ 2,004 $ 70,914 $ 1,430,715 Individual Income Taxes 99 1,084 89,682 Railroad Retirement Taxes 41 194 3,679 Excise Taxes 167 504 46,205 Corporation Income Taxes 35 280 186,639 Federal Unemployment Taxes 4 2,347 7,540 Estate and Gift Taxes & Misc IRS Rcpts. 7 52 675 Total $ 2,357 $ 75,373 $ 1,765,136 Cash Federal Tax Deposits: Direct $ 75 $ 763 $ 20,262 Through Depositaries 1,978 70,435 1,685,980 Total Cash FTD's $ 2,053 $ 71,197 $ 1,706,242 Inter-agency Transfers 304 4,176 58,894 Total $ 2,357 $ 75,373 $ 1,765,136 ___________________________________________________________________________________________ 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 10, 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) $ 436 $ 1,187 $ 26,251 IRS Tax Refunds Business (EFT) 265 989 17,413 IRS Tax Refunds Individual (Checks) 161 3,732 50,609 IRS Tax Refunds Individual (EFT) 267 5,570 243,096 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.