1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, May 11, 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 $ 305,842 $ 316,456 $ 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 $ 305,842 $ 316,456 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, May 11, 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) $ 12 $ 194 $ 7,261 Air Transport Security Fees 1 18 2,191 Cash FTD's Received (Table IV) 8,888 80,086 1,715,131 Commodity Credit Corporation programs 5 48 1,953 Customs and Certain Excise Taxes 60 622 26,861 Deposits by States: Supplemental Security Income 3 36 2,125 Unemployment 227 15,069 31,864 Education Department programs 222 1,897 35,956 Energy Department programs 7 73 4,492 Estate and Gift Taxes 108 613 14,062 Federal Reserve Earnings 2,678 4,109 79,328 Foreign Deposits, Military Sales 1 1,561 21,976 Housing and Urban Development programs 27 114 2,147 Individual Income and Employment Taxes, Not Withheld 620 7,545 339,067 Interest recd from cash investments 0 0 0 Justice Department programs 9 1,333 12,975 Postal Service 304 2,998 57,400 Public Debt Cash Issues (Table III-B) 1,935 233,310 4,862,314 Other Deposits: Federal Housing Admin: Note Sales 56 1,150 13,196 Total Other Deposits 56 2,663 103,116 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 15,162 352,288 7,320,218 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 15,162 $ 352,288 $ 7,320,218 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, May 11, 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 $ 8 $ 127 $ 14,574 Defense Vendor Payments (EFT) 870 7,698 176,854 Education Department programs 577 3,865 112,164 Energy Department programs 92 837 19,938 Federal Employees Insurance Payments 264 2,361 46,183 Fed. Highway Administration programs 124 1,284 23,027 Federal Salaries (EFT) 111 5,798 105,043 Food and Nutrition Service (misc) 192 913 19,330 GSA programs 34 774 11,272 Health and Human Services Grants (misc) 438 3,040 60,789 Housing and Urban Development programs 118 3,901 45,690 Interest on Treasury Securities 0 7,076 128,705 IRS Tax Refunds Business (EFT) 0 989 17,413 IRS Tax Refunds Individual (EFT) 1,664 7,234 244,760 Justice Department programs 44 685 10,149 Labor Dept. prgms (excl. unemployment) 39 383 8,958 Medicaid 950 10,287 218,750 Medicare and Other CMS Payments 1,407 11,385 237,441 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 78 544 10,621 Postal Service Money Orders and Other 161 1,427 24,830 Public Debt Cash Redemp. (Table III-B) 976 247,326 4,371,780 Social Security Benefits (EFT) 14,964 38,678 514,596 Supple. Nutrition Assist. Program (SNAP) 281 2,441 44,043 Temporary Assistance for Needy Families (HHS) 47 499 9,588 Transportation Security Admin. (DHS) 9 57 1,393 Unemployment Insurance Benefits 134 1,296 21,443 Veterans Affairs programs 169 1,519 33,714 Other Withdrawals: Federal Railroad Admin. 94 154 2,348 Interior 81 362 6,154 Thrift Savings Plan Transfer 185 1,590 24,539 Veterans Benefits (EFT) 74 219 50,548 Unclassified 1,588 13,324 172,852 Total, Other Withdrawals 2,022 23,100 481,734 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 25,776 385,537 7,213,092 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 25,776 $ 385,537 $ 7,213,092 Net Change in Operating Cash Balance $ -10,614 $ -33,249 $ 107,126 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, May 11, 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 1,563 -5,486 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 29 520 Interest Increment 2 415 3,473 Government Account Series 374,469 3,041,473 49,623,098 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 995 3,079 46,554 Other 938 8,061 163,499 Total Issues $ 376,557 $ 3,276,983 $ 54,493,558 (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 37 423 6,842 Government Account Series 386,694 3,023,644 49,078,500 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 3,753 35,328 Other 939 8,050 163,444 Total Redemptions $ 387,670 $ 3,270,970 $ 53,450,775 Net Change in Public Debt Outstanding $ -11,113 $ 6,014 $ 1,042,783 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, May 11, 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) $ 376,557 $ 3,276,983 $ 54,493,558 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 (-) 374,469 3,041,473 49,623,098 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 415 3,473 Inflation-Protected Securities Increment 151 1,563 -5,787 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,935 $ 233,310 $ 4,862,314 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 387,670 $ 3,270,970 $ 53,450,775 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 (-) 386,694 3,023,644 49,078,500 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 976 $ 247,326 $ 4,371,780 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, May 11, 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 $ 13,829,328 $ 13,828,504 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,364,073 5,376,010 5,346,193 5,026,770 Total Public Debt Outstanding 19,193,401 19,204,514 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,037 23,060 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 $ 19,154,882 $ 19,165,972 $ 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 Wednesday, May 11, 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 $ 9,260 $ 80,174 $ 1,439,975 Individual Income Taxes 82 1,166 89,765 Railroad Retirement Taxes 15 209 3,694 Excise Taxes 464 967 46,669 Corporation Income Taxes 56 336 186,696 Federal Unemployment Taxes 5 2,351 7,545 Estate and Gift Taxes & Misc IRS Rcpts. 1 53 676 Total $ 9,883 $ 85,256 $ 1,775,019 Cash Federal Tax Deposits: Direct $ 68 $ 831 $ 20,330 Through Depositaries 8,820 79,255 1,694,801 Total Cash FTD's $ 8,888 $ 80,086 $ 1,715,131 Inter-agency Transfers 994 5,171 59,888 Total $ 9,883 $ 85,256 $ 1,775,019 ___________________________________________________________________________________________ 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, May 11, 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) $ 37 $ 1,223 $ 26,287 IRS Tax Refunds Business (EFT) 0 989 17,413 IRS Tax Refunds Individual (Checks) 178 3,911 50,787 IRS Tax Refunds Individual (EFT) 1,664 7,234 244,760 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.