1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 13, 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 $ 302,731 $ 301,875 $ 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 $ 302,731 $ 301,875 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 13, 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) $ 33 $ 248 $ 7,315 Air Transport Security Fees 1 20 2,193 Cash FTD's Received (Table IV) 10,199 92,710 1,727,755 Commodity Credit Corporation programs 3 54 1,959 Customs and Certain Excise Taxes 127 809 27,049 Deposits by States: Supplemental Security Income 3 42 2,130 Unemployment 65 15,228 32,024 Education Department programs 131 2,191 36,251 Energy Department programs 11 91 4,510 Estate and Gift Taxes 65 733 14,181 Federal Reserve Earnings 0 4,109 79,328 Foreign Deposits, Military Sales 14 1,663 22,078 Housing and Urban Development programs 7 125 2,159 Individual Income and Employment Taxes, Not Withheld 185 7,973 339,495 Interest recd from cash investments 0 0 0 Justice Department programs 6 1,419 13,061 Postal Service 286 3,575 57,976 Public Debt Cash Issues (Table III-B) 1,077 338,932 4,967,935 Other Deposits: Federal Employees Insurance Receipt 61 192 1,729 Federal Housing Admin: Note Sales 55 1,238 13,284 Medicare Premiums 195 846 18,013 Total Other Deposits 310 3,221 103,674 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 12,524 473,143 7,441,073 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 12,524 $ 473,143 $ 7,441,073 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 13, 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 $ 10 $ 157 $ 14,604 Defense Vendor Payments (EFT) 1,219 10,012 179,168 Education Department programs 466 4,724 113,023 Energy Department programs 190 1,147 20,248 Federal Employees Insurance Payments 193 2,992 46,813 Fed. Highway Administration programs 73 1,507 23,250 Federal Salaries (EFT) 194 6,723 105,967 Food and Nutrition Service (misc) 158 1,276 19,694 GSA programs 45 911 11,409 Health and Human Services Grants (misc) 333 3,878 61,627 Housing and Urban Development programs 161 4,202 45,992 Interest on Treasury Securities 0 7,076 128,705 IRS Tax Refunds Business (EFT) 16 1,006 17,430 IRS Tax Refunds Individual (EFT) 162 7,592 245,119 Justice Department programs 70 824 10,288 Labor Dept. prgms (excl. unemployment) 63 515 9,089 Medicaid 490 13,677 222,140 Medicare and Other CMS Payments 1,441 14,031 240,088 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 38 619 10,696 Postal Service Money Orders and Other 131 1,673 25,076 Public Debt Cash Redemp. (Table III-B) 1,156 349,957 4,474,411 Social Security Benefits (EFT) 47 38,776 514,695 Supple. Nutrition Assist. Program (SNAP) 280 3,046 44,647 Temporary Assistance for Needy Families (HHS) 61 703 9,793 Transportation Security Admin. (DHS) 3 79 1,415 Unemployment Insurance Benefits 172 1,541 21,688 Veterans Affairs programs 149 1,845 34,040 Other Withdrawals: Federal Aviation Administration 54 314 4,646 Federal Transit Admin. 58 471 6,788 HHS Deposit Fund Transfers to States 85 226 1,540 Military Active Duty Pay (EFT) 2,718 2,796 51,426 Thrift Savings Plan Transfer 100 1,725 24,673 Unclassified 1,331 16,103 175,631 Total, Other Withdrawals 4,346 29,001 487,635 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,668 509,503 7,337,058 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,668 $ 509,503 $ 7,337,058 Net Change in Operating Cash Balance $ 856 $ -36,360 $ 104,015 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 13, 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 $ 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 157 1,875 -5,174 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 36 527 Interest Increment 4 422 3,480 Government Account Series 371,430 3,788,980 50,370,605 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 117 4,401 47,876 Other 956 10,431 165,870 Total Issues $ 372,668 $ 4,130,508 $ 55,347,083 (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 $ 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 42 510 6,929 Government Account Series 371,787 3,768,045 49,822,901 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 157 3,951 35,526 Other 957 10,403 165,797 Total Redemptions $ 372,943 $ 4,118,002 $ 54,297,807 Net Change in Public Debt Outstanding $ -275 $ 12,507 $ 1,049,276 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 13, 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) $ 372,668 $ 4,130,508 $ 55,347,083 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 146 3,290 Bonds and Notes (-) 0 153 5,869 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 371,430 3,788,980 50,370,605 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 422 3,480 Inflation-Protected Securities Increment 157 1,875 -5,474 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,077 $ 338,932 $ 4,967,935 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 372,943 $ 4,118,002 $ 54,297,807 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 (-) 371,787 3,768,045 49,822,901 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,156 $ 349,957 $ 4,474,411 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 13, 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 $ 13,832,772 $ 13,832,797 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,367,123 5,367,373 5,346,193 5,026,770 Total Public Debt Outstanding 19,199,894 19,200,169 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,068 23,091 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 $ 19,161,343 $ 19,161,596 $ 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 Friday, May 13, 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 $ 7,020 $ 89,976 $ 1,449,777 Individual Income Taxes 176 1,421 90,019 Railroad Retirement Taxes 22 232 3,717 Excise Taxes 2,136 3,365 49,067 Corporation Income Taxes 865 1,312 187,671 Federal Unemployment Taxes 4 2,359 7,552 Estate and Gift Taxes & Misc IRS Rcpts. 0 60 683 Total $ 10,222 $ 98,723 $ 1,788,486 Cash Federal Tax Deposits: Direct $ 860 $ 1,765 $ 21,265 Through Depositaries 9,339 90,945 1,706,491 Total Cash FTD's $ 10,199 $ 92,710 $ 1,727,755 Inter-agency Transfers 23 6,013 60,731 Total $ 10,222 $ 98,723 $ 1,788,486 ___________________________________________________________________________________________ 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 Friday, May 13, 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) $ 8 $ 1,248 $ 26,312 IRS Tax Refunds Business (EFT) 16 1,006 17,430 IRS Tax Refunds Individual (Checks) 1,552 5,627 52,504 IRS Tax Refunds Individual (EFT) 162 7,592 245,119 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.