1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, May 17, 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 $ 288,721 $ 291,295 $ 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 $ 288,721 $ 291,295 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, May 17, 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) $ 48 $ 313 $ 7,380 Air Transport Security Fees 1 21 2,195 Cash FTD's Received (Table IV) 2,587 124,794 1,759,839 Commodity Credit Corporation programs 11 72 1,976 Customs and Certain Excise Taxes 83 952 27,192 Deposits by States: Supplemental Security Income 4 49 2,137 Unemployment 68 15,339 32,135 Education Department programs 399 2,940 37,000 Energy Department programs 7 112 4,530 Estate and Gift Taxes 127 944 14,392 Federal Reserve Earnings 0 4,109 79,328 Foreign Deposits, Military Sales 272 1,946 22,360 Housing and Urban Development programs 3 130 2,164 Individual Income and Employment Taxes, Not Withheld 356 8,588 340,110 Interest recd from cash investments 0 0 0 Justice Department programs 8 1,438 13,079 Postal Service 369 4,287 58,688 Public Debt Cash Issues (Table III-B) 2,011 417,498 5,046,502 Other Deposits: Federal Housing Admin: Note Sales 73 1,355 13,402 Medicare Premiums 88 1,082 18,249 Total Other Deposits 161 4,183 104,636 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 6,515 587,713 7,555,643 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 6,515 $ 587,713 $ 7,555,643 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, May 17, 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 $ 19 $ 186 $ 14,634 Defense Vendor Payments (EFT) 986 12,056 181,213 Education Department programs 464 5,681 113,979 Energy Department programs 76 1,555 20,656 Federal Employees Insurance Payments 270 3,437 47,258 Fed. Highway Administration programs 158 1,992 23,735 Federal Salaries (EFT) 83 6,858 106,102 Food and Nutrition Service (misc) 144 1,632 20,050 GSA programs 76 1,020 11,518 Health and Human Services Grants (misc) 384 4,801 62,550 Housing and Urban Development programs 121 4,461 46,250 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 12 1,018 17,442 IRS Tax Refunds Individual (EFT) 159 7,941 245,468 Justice Department programs 61 973 10,437 Labor Dept. prgms (excl. unemployment) 51 609 9,183 Medicaid 1,326 15,656 224,119 Medicare and Other CMS Payments 1,413 16,844 242,900 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 12 709 10,786 Postal Service Money Orders and Other 125 1,938 25,341 Public Debt Cash Redemp. (Table III-B) 1,022 426,941 4,551,396 Social Security Benefits (EFT) 49 38,875 514,794 Supple. Nutrition Assist. Program (SNAP) 254 3,950 45,551 Temporary Assistance for Needy Families (HHS) 36 788 9,878 Transportation Security Admin. (DHS) 2 106 1,443 Unemployment Insurance Benefits 268 1,922 22,069 Veterans Affairs programs 162 2,283 34,478 Other Withdrawals: Thrift Savings Plan Transfer 106 1,865 24,814 Unclassified 1,250 18,628 178,156 Total, Other Withdrawals 1,356 31,632 490,266 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,089 638,083 7,465,638 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 9,089 $ 638,083 $ 7,465,638 Net Change in Operating Cash Balance $ -2,574 $ -50,370 $ 90,005 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, May 17, 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 $ 193,990 $ 3,357,938 Cash Management Series 0 0 95,007 Notes 0 187,995 1,254,216 Bonds 0 18,392 130,067 Inflation-Protected Securities Increment 159 2,504 -4,545 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 48 539 Interest Increment 2 434 3,492 Government Account Series 420,764 4,624,011 51,205,636 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1,053 5,663 49,138 Other 956 12,366 167,805 Total Issues $ 422,936 $ 5,045,404 $ 56,261,979 (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 0 192,391 1,022,445 Bonds 0 18,813 29,829 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 619 7,038 Government Account Series 410,850 4,587,805 50,642,661 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 13 4,788 36,362 Other 958 12,339 167,733 Total Redemptions $ 411,872 $ 5,014,746 $ 55,194,552 Net Change in Public Debt Outstanding $ 11,065 $ 30,657 $ 1,067,427 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, May 17, 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) $ 422,936 $ 5,045,404 $ 56,261,979 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 146 3,290 Bonds and Notes (-) 0 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 420,764 4,624,011 51,205,636 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 434 3,492 Inflation-Protected Securities Increment 159 2,504 -4,845 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 2,011 $ 417,498 $ 5,046,502 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 411,872 $ 5,014,746 $ 55,194,552 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 (-) 410,850 4,587,805 50,642,661 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,022 $ 426,941 $ 4,551,396 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, May 17, 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 $ 13,836,047 $ 13,835,035 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,381,998 5,371,945 5,346,193 5,026,770 Total Public Debt Outstanding 19,218,045 19,206,980 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,977 23,000 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 $ 19,179,586 $ 19,168,498 $ 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 17, 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 $ 2,418 $ 116,336 $ 1,476,137 Individual Income Taxes 84 1,735 90,333 Railroad Retirement Taxes 1 303 3,788 Excise Taxes 29 3,499 49,201 Corporation Income Taxes 64 6,525 192,885 Federal Unemployment Taxes 3 2,367 7,560 Estate and Gift Taxes & Misc IRS Rcpts. 8 69 692 Total $ 2,608 $ 130,834 $ 1,820,597 Cash Federal Tax Deposits: Direct $ 42 $ 1,834 $ 21,334 Through Depositaries 2,546 122,960 1,738,506 Total Cash FTD's $ 2,587 $ 124,794 $ 1,759,839 Inter-agency Transfers 20 6,040 60,757 Total $ 2,608 $ 130,834 $ 1,820,597 ___________________________________________________________________________________________ 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 17, 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) $ 421 $ 1,723 $ 26,787 IRS Tax Refunds Business (EFT) 12 1,018 17,442 IRS Tax Refunds Individual (Checks) 127 5,895 52,771 IRS Tax Refunds Individual (EFT) 159 7,941 245,468 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.