1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, May 12, 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 $ 301,875 $ 305,842 $ 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 $ 301,875 $ 305,842 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, May 12, 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) $ 22 $ 215 $ 7,282 Air Transport Security Fees 1 19 2,192 Cash FTD's Received (Table IV) 2,425 82,511 1,717,556 Commodity Credit Corporation programs 3 51 1,955 Customs and Certain Excise Taxes 60 682 26,921 Deposits by States: Supplemental Security Income 3 39 2,127 Unemployment 95 15,163 31,959 Education Department programs 164 2,060 36,120 Energy Department programs 7 80 4,499 Estate and Gift Taxes 55 668 14,116 Federal Reserve Earnings 0 4,109 79,328 Foreign Deposits, Military Sales 88 1,649 22,064 Housing and Urban Development programs 5 119 2,152 Individual Income and Employment Taxes, Not Withheld 243 7,789 339,310 Interest recd from cash investments 0 0 0 Justice Department programs 80 1,413 13,054 Postal Service 290 3,289 57,690 Public Debt Cash Issues (Table III-B) 104,544 337,854 4,966,858 Other Deposits: Thrift Savings Plan Transfer 248 1,062 22,225 Total Other Deposits 248 2,911 103,364 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 108,332 460,620 7,428,549 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 108,332 $ 460,620 $ 7,428,549 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, May 12, 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 $ 147 $ 14,594 Defense Vendor Payments (EFT) 1,095 8,793 177,949 Education Department programs 394 4,259 112,557 Energy Department programs 120 957 20,058 Federal Employees Insurance Payments 438 2,799 46,621 Fed. Highway Administration programs 149 1,434 23,177 Federal Salaries (EFT) 730 6,528 105,773 Food and Nutrition Service (misc) 206 1,118 19,536 GSA programs 92 866 11,364 Health and Human Services Grants (misc) 504 3,545 61,294 Housing and Urban Development programs 140 4,041 45,830 Interest on Treasury Securities 0 7,076 128,705 IRS Tax Refunds Business (EFT) 0 990 17,414 IRS Tax Refunds Individual (EFT) 202 7,437 244,963 Justice Department programs 69 754 10,218 Labor Dept. prgms (excl. unemployment) 69 452 9,026 Medicaid 2,899 13,187 221,650 Medicare and Other CMS Payments 1,205 12,590 238,647 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 37 581 10,658 Postal Service Money Orders and Other 115 1,542 24,945 Public Debt Cash Redemp. (Table III-B) 101,475 348,801 4,473,255 Social Security Benefits (EFT) 51 38,729 514,648 Supple. Nutrition Assist. Program (SNAP) 324 2,765 44,367 Temporary Assistance for Needy Families (HHS) 144 643 9,732 Transportation Security Admin. (DHS) 19 76 1,412 Unemployment Insurance Benefits 73 1,369 21,516 Veterans Affairs programs 177 1,695 33,891 Other Withdrawals: Agriculture Loan Payments (misc) 58 305 5,049 State Department 50 315 6,749 Unclassified 1,441 14,765 174,293 Total, Other Withdrawals 1,548 24,649 483,282 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 112,298 497,835 7,325,390 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 112,298 $ 497,835 $ 7,325,390 Net Change in Operating Cash Balance $ -3,967 $ -37,216 $ 103,159 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, May 12, 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 $ 101,999 $ 193,996 $ 3,357,944 Cash Management Series 0 0 95,007 Notes 0 130,366 1,196,587 Bonds 0 0 111,675 Inflation-Protected Securities Increment 155 1,718 -5,331 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 32 523 Interest Increment 3 418 3,477 Government Account Series 376,078 3,417,550 49,999,176 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1,205 4,284 47,759 Other 1,414 9,475 164,914 Total Issues $ 480,857 $ 3,757,840 $ 54,974,415 (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 $ 99,993 $ 197,992 $ 3,287,988 Notes 0 137,100 967,155 Bonds 0 0 11,016 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 45 467 6,886 Government Account Series 372,614 3,396,258 49,451,114 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 42 3,795 35,369 Other 1,396 9,446 164,840 Total Redemptions $ 474,089 $ 3,745,058 $ 53,924,864 Net Change in Public Debt Outstanding $ 6,768 $ 12,782 $ 1,049,552 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, May 12, 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) $ 480,857 $ 3,757,840 $ 54,974,415 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 77 146 3,290 Bonds and Notes (-) 0 153 5,869 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 376,078 3,417,550 49,999,176 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 418 3,477 Inflation-Protected Securities Increment 155 1,718 -5,631 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 104,544 $ 337,854 $ 4,966,858 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 474,089 $ 3,745,058 $ 53,924,864 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 (-) 372,614 3,396,258 49,451,114 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 101,475 $ 348,801 $ 4,473,255 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, May 12, 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 $ 13,832,797 $ 13,829,328 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,367,373 5,364,073 5,346,193 5,026,770 Total Public Debt Outstanding 19,200,169 19,193,401 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,091 23,037 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 $ 19,161,596 $ 19,154,882 $ 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 Thursday, May 12, 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 $ 2,782 $ 82,956 $ 1,442,757 Individual Income Taxes 78 1,244 89,843 Railroad Retirement Taxes 1 209 3,694 Excise Taxes 262 1,230 46,931 Corporation Income Taxes 111 447 186,807 Federal Unemployment Taxes 3 2,354 7,548 Estate and Gift Taxes & Misc IRS Rcpts. 7 60 683 Total $ 3,244 $ 88,501 $ 1,778,263 Cash Federal Tax Deposits: Direct $ 74 $ 905 $ 20,405 Through Depositaries 2,351 81,606 1,697,151 Total Cash FTD's $ 2,425 $ 82,511 $ 1,717,556 Inter-agency Transfers 819 5,990 60,708 Total $ 3,244 $ 88,501 $ 1,778,263 ___________________________________________________________________________________________ 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, May 12, 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) $ 17 $ 1,240 $ 26,304 IRS Tax Refunds Business (EFT) 0 990 17,414 IRS Tax Refunds Individual (Checks) 165 4,075 50,951 IRS Tax Refunds Individual (EFT) 202 7,437 244,963 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.