1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, May 16, 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 $ 291,295 $ 302,731 $ 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 $ 291,295 $ 302,731 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, May 16, 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) $ 17 $ 265 $ 7,332 Air Transport Security Fees 1 20 2,194 Cash FTD's Received (Table IV) 29,497 122,207 1,757,252 Commodity Credit Corporation programs 7 61 1,966 Customs and Certain Excise Taxes 60 869 27,108 Deposits by States: Supplemental Security Income 3 45 2,134 Unemployment 43 15,271 32,067 Education Department programs 350 2,541 36,600 Energy Department programs 13 104 4,523 Estate and Gift Taxes 83 816 14,265 Federal Reserve Earnings 0 4,109 79,328 Foreign Deposits, Military Sales 10 1,673 22,088 Housing and Urban Development programs 3 128 2,161 Individual Income and Employment Taxes, Not Withheld 260 8,233 339,755 Interest recd from cash investments 0 0 0 Justice Department programs 11 1,430 13,072 Postal Service 342 3,917 58,319 Public Debt Cash Issues (Table III-B) 76,555 415,487 5,044,490 Other Deposits: Defense Finance & Accounting Service 52 302 4,325 Interior 93 167 2,350 Medicare Premiums 149 995 18,162 TARP 2 2 44 Thrift Savings Plan Transfer 506 1,578 22,741 Total Other Deposits 801 4,022 104,475 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 108,056 581,199 7,549,129 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 108,056 $ 581,199 $ 7,549,129 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, May 16, 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 $ 11 $ 168 $ 14,615 Defense Vendor Payments (EFT) 1,058 11,070 180,226 Education Department programs 492 5,217 113,515 Energy Department programs 331 1,479 20,580 Federal Employees Insurance Payments 175 3,167 46,988 Fed. Highway Administration programs 327 1,834 23,577 Federal Salaries (EFT) 52 6,775 106,019 Food and Nutrition Service (misc) 212 1,489 19,906 GSA programs 34 945 11,443 Health and Human Services Grants (misc) 539 4,417 62,166 Housing and Urban Development programs 138 4,340 46,130 Interest on Treasury Securities 35,129 42,206 163,834 IRS Tax Refunds Business (EFT) 0 1,006 17,430 IRS Tax Refunds Individual (EFT) 190 7,782 245,308 Justice Department programs 88 912 10,376 Labor Dept. prgms (excl. unemployment) 43 558 9,132 Medicaid 653 14,330 222,793 Medicare and Other CMS Payments 1,399 15,430 241,487 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 78 697 10,774 Postal Service Money Orders and Other 140 1,814 25,216 Public Debt Cash Redemp. (Table III-B) 75,963 425,919 4,550,374 Social Security Benefits (EFT) 50 38,826 514,745 Supple. Nutrition Assist. Program (SNAP) 650 3,695 45,297 Temporary Assistance for Needy Families (HHS) 49 753 9,842 Transportation Security Admin. (DHS) 26 105 1,441 Unemployment Insurance Benefits 113 1,654 21,801 Veterans Affairs programs 276 2,121 34,316 Other Withdrawals: Unclassified 1,275 17,378 176,907 Total, Other Withdrawals 1,275 30,277 488,910 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 119,493 628,996 7,456,550 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 119,493 $ 628,996 $ 7,456,550 Net Change in Operating Cash Balance $ -11,437 $ -47,796 $ 92,579 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, May 16, 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 $ -7 $ 193,990 $ 3,357,938 Cash Management Series 0 0 95,007 Notes 57,629 187,996 1,254,216 Bonds 18,392 18,392 130,067 Inflation-Protected Securities Increment 470 2,345 -4,704 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 10 46 537 Interest Increment 10 432 3,491 Government Account Series 414,267 4,203,247 50,784,872 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 209 4,610 48,085 Other 979 11,410 166,849 Total Issues $ 491,959 $ 4,622,467 $ 55,839,042 (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 55,291 192,391 1,022,445 Bonds 18,813 18,813 29,829 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 59 569 6,988 Government Account Series 408,910 4,176,955 50,231,811 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 823 4,775 36,349 Other 977 11,381 166,774 Total Redemptions $ 484,873 $ 4,602,874 $ 54,782,680 Net Change in Public Debt Outstanding $ 7,086 $ 19,593 $ 1,056,363 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, May 16, 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) $ 491,959 $ 4,622,467 $ 55,839,042 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 146 3,290 Bonds and Notes (-) 657 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 414,267 4,203,247 50,784,872 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 10 432 3,491 Inflation-Protected Securities Increment 470 2,345 -5,005 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 76,555 $ 415,487 $ 5,044,490 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 484,873 $ 4,602,874 $ 54,782,680 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 (-) 408,910 4,176,955 50,231,811 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 75,963 $ 425,919 $ 4,550,374 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, May 16, 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 $ 13,835,035 $ 13,832,772 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,371,945 5,367,123 5,346,193 5,026,770 Total Public Debt Outstanding 19,206,980 19,199,894 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,000 23,068 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 $ 19,168,498 $ 19,161,343 $ 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 Monday, May 16, 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 $ 23,942 $ 113,918 $ 1,473,719 Individual Income Taxes 230 1,651 90,249 Railroad Retirement Taxes 71 302 3,787 Excise Taxes 105 3,470 49,172 Corporation Income Taxes 5,149 6,461 192,820 Federal Unemployment Taxes 5 2,364 7,557 Estate and Gift Taxes & Misc IRS Rcpts. 1 61 684 Total $ 29,503 $ 128,227 $ 1,817,989 Cash Federal Tax Deposits: Direct $ 28 $ 1,793 $ 21,292 Through Depositaries 29,469 120,414 1,735,960 Total Cash FTD's $ 29,497 $ 122,207 $ 1,757,252 Inter-agency Transfers 7 6,020 60,737 Total $ 29,503 $ 128,227 $ 1,817,989 ___________________________________________________________________________________________ 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 Monday, May 16, 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) $ 54 $ 1,303 $ 26,366 IRS Tax Refunds Business (EFT) 0 1,006 17,430 IRS Tax Refunds Individual (Checks) 141 5,768 52,644 IRS Tax Refunds Individual (EFT) 190 7,782 245,308 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.