1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, May 18, 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 $ 277,289 $ 288,721 $ 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 $ 277,289 $ 288,721 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, May 18, 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) $ 11 $ 324 $ 7,391 Air Transport Security Fees 1 22 2,196 Cash FTD's Received (Table IV) 8,938 133,732 1,768,777 Commodity Credit Corporation programs 3 75 1,980 Customs and Certain Excise Taxes 66 1,018 27,257 Deposits by States: Supplemental Security Income 2 52 2,140 Unemployment 42 15,381 32,177 Education Department programs 182 3,122 37,181 Energy Department programs 9 121 4,539 Estate and Gift Taxes 45 989 14,437 Federal Reserve Earnings 1,954 6,062 81,282 Foreign Deposits, Military Sales 2 1,948 22,363 Housing and Urban Development programs 3 133 2,166 Individual Income and Employment Taxes, Not Withheld 699 9,287 340,808 Interest recd from cash investments 0 0 0 Justice Department programs 10 1,447 13,089 Postal Service 277 4,563 58,965 Public Debt Cash Issues (Table III-B) 1,793 419,291 5,048,294 Other Deposits: Thrift Savings Plan Transfer 180 1,765 22,928 Total Other Deposits 180 4,363 104,816 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 14,215 601,928 7,569,858 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 14,215 $ 601,928 $ 7,569,858 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, May 18, 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 $ 5 $ 192 $ 14,639 Defense Vendor Payments (EFT) 949 13,005 182,162 Education Department programs 507 6,187 114,486 Energy Department programs 108 1,663 20,764 Federal Employees Insurance Payments 291 3,727 47,549 Fed. Highway Administration programs 166 2,157 23,900 Federal Salaries (EFT) 106 6,964 106,208 Food and Nutrition Service (misc) 167 1,799 20,216 GSA programs 40 1,060 11,559 Health and Human Services Grants (misc) 328 5,130 62,879 Housing and Urban Development programs 125 4,586 46,375 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 111 1,130 17,554 IRS Tax Refunds Individual (EFT) 1,339 9,281 246,807 Justice Department programs 107 1,080 10,545 Labor Dept. prgms (excl. unemployment) 37 646 9,220 Medicaid 1,262 16,918 225,381 Medicare and Other CMS Payments 1,798 18,641 244,698 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 33 742 10,819 Postal Service Money Orders and Other 112 2,050 25,453 Public Debt Cash Redemp. (Table III-B) 1,165 428,107 4,552,561 Social Security Benefits (EFT) 14,650 53,525 529,444 Supple. Nutrition Assist. Program (SNAP) 209 4,158 45,760 Temporary Assistance for Needy Families (HHS) 22 810 9,900 Transportation Security Admin. (DHS) 7 114 1,450 Unemployment Insurance Benefits 380 2,301 22,448 Veterans Affairs programs 163 2,445 34,640 Other Withdrawals: Agency for Internat'l Development 161 588 8,885 State Department 66 456 6,890 Unclassified 1,235 19,862 179,390 Total, Other Withdrawals 1,462 33,094 491,727 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 25,648 663,731 7,491,285 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 25,648 $ 663,731 $ 7,491,285 Net Change in Operating Cash Balance $ -11,432 $ -61,802 $ 78,573 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, May 18, 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 162 2,666 -4,383 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 50 541 Interest Increment 2 436 3,494 Government Account Series 380,151 5,004,162 51,585,787 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 836 6,499 49,974 Other 955 13,321 168,760 Total Issues $ 382,108 $ 5,427,512 $ 56,644,087 (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 39 658 7,077 Government Account Series 392,471 4,980,276 51,035,132 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 171 4,959 36,533 Other 955 13,294 168,688 Total Redemptions $ 393,636 $ 5,408,382 $ 55,588,187 Net Change in Public Debt Outstanding $ -11,528 $ 19,130 $ 1,055,899 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, May 18, 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) $ 382,108 $ 5,427,512 $ 56,644,087 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 (-) 380,151 5,004,162 51,585,787 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 436 3,494 Inflation-Protected Securities Increment 162 2,666 -4,683 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,793 $ 419,291 $ 5,048,294 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 393,636 $ 5,408,382 $ 55,588,187 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 (-) 392,471 4,980,276 51,035,132 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,165 $ 428,107 $ 4,552,561 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, May 18, 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 $ 13,836,956 $ 13,836,047 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,369,561 5,381,998 5,346,193 5,026,770 Total Public Debt Outstanding 19,206,517 19,218,045 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,954 22,977 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 $ 19,168,081 $ 19,179,586 $ 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 18, 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 $ 8,852 $ 125,188 $ 1,484,989 Individual Income Taxes 51 1,786 90,384 Railroad Retirement Taxes 3 306 3,791 Excise Taxes 17 3,516 49,218 Corporation Income Taxes 27 6,552 192,911 Federal Unemployment Taxes 4 2,371 7,565 Estate and Gift Taxes & Misc IRS Rcpts. 1 70 693 Total $ 8,955 $ 139,789 $ 1,829,552 Cash Federal Tax Deposits: Direct $ 61 $ 1,895 $ 21,395 Through Depositaries 8,877 131,837 1,747,382 Total Cash FTD's $ 8,938 $ 133,732 $ 1,768,777 Inter-agency Transfers 17 6,057 60,775 Total $ 8,955 $ 139,789 $ 1,829,552 ___________________________________________________________________________________________ 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 18, 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) $ 147 $ 1,871 $ 26,934 IRS Tax Refunds Business (EFT) 111 1,130 17,554 IRS Tax Refunds Individual (Checks) 150 6,045 52,921 IRS Tax Refunds Individual (EFT) 1,339 9,281 246,807 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.