1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, May 19, 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 $ 273,500 $ 277,289 $ 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 $ 273,500 $ 277,289 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, May 19, 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) $ 15 $ 339 $ 7,406 Air Transport Security Fees 3 25 2,199 Cash FTD's Received (Table IV) 2,362 136,094 1,771,139 Commodity Credit Corporation programs 13 88 1,992 Customs and Certain Excise Taxes 71 1,089 27,328 Deposits by States: Supplemental Security Income 2 54 2,142 Unemployment 90 15,471 32,267 Education Department programs 193 3,315 37,375 Energy Department programs 4 125 4,543 Estate and Gift Taxes 61 1,050 14,498 Federal Reserve Earnings 0 6,062 81,282 Foreign Deposits, Military Sales 225 2,173 22,588 Housing and Urban Development programs 2 135 2,168 Individual Income and Employment Taxes, Not Withheld 294 9,581 341,103 Interest recd from cash investments 0 0 0 Justice Department programs 13 1,460 13,102 Postal Service 284 4,847 59,249 Public Debt Cash Issues (Table III-B) 104,160 523,451 5,152,454 Other Deposits: Comptroller of the Currency-Assessment 70 70 734 Deposit Insurance Fund 88 118 7,669 Total Other Deposits 158 4,521 104,974 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 107,950 709,879 7,677,808 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 107,950 $ 709,879 $ 7,677,808 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, May 19, 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 $ 9 $ 201 $ 14,648 Defense Vendor Payments (EFT) 1,495 14,501 183,657 Education Department programs 470 6,657 114,955 Energy Department programs 136 1,799 20,899 Federal Employees Insurance Payments 207 3,935 47,756 Fed. Highway Administration programs 108 2,265 24,008 Federal Salaries (EFT) 59 7,022 106,267 Food and Nutrition Service (misc) 87 1,886 20,303 GSA programs 72 1,132 11,630 Health and Human Services Grants (misc) 407 5,536 63,285 Housing and Urban Development programs 135 4,721 46,510 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 38 1,168 17,592 IRS Tax Refunds Individual (EFT) 124 9,405 246,931 Justice Department programs 105 1,185 10,649 Labor Dept. prgms (excl. unemployment) 102 747 9,322 Medicaid 2,835 19,753 228,216 Medicare and Other CMS Payments 1,787 20,428 246,485 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 0 22,818 NASA programs 105 847 10,924 Postal Service Money Orders and Other 85 2,135 25,538 Public Debt Cash Redemp. (Table III-B) 101,523 529,630 4,654,085 Social Security Benefits (EFT) 54 53,579 529,498 Supple. Nutrition Assist. Program (SNAP) 198 4,356 45,958 Temporary Assistance for Needy Families (HHS) 99 909 9,999 Transportation Security Admin. (DHS) 27 141 1,477 Unemployment Insurance Benefits 77 2,378 22,525 Veterans Affairs programs 196 2,642 34,837 Other Withdrawals: Interior 102 605 6,397 State Department 58 514 6,948 Unclassified 1,041 20,903 180,431 Total, Other Withdrawals 1,201 34,295 492,928 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 111,739 775,470 7,603,025 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 111,739 $ 775,470 $ 7,603,025 Net Change in Operating Cash Balance $ -3,789 $ -65,591 $ 74,784 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, May 19, 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 $ 102,000 $ 295,990 $ 3,459,938 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 2,826 -4,223 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 2 52 543 Interest Increment 3 439 3,497 Government Account Series 380,973 5,385,135 51,966,760 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 768 7,267 50,742 Other 1,468 14,789 170,228 Total Issues $ 485,373 $ 5,912,885 $ 57,129,460 (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 $ 99,997 $ 297,989 $ 3,387,985 Notes 0 192,391 1,022,445 Bonds 0 18,813 29,830 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 38 696 7,115 Government Account Series 377,915 5,358,191 51,413,047 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 17 4,976 36,550 Other 1,471 14,765 170,159 Total Redemptions $ 479,439 $ 5,887,821 $ 56,067,626 Net Change in Public Debt Outstanding $ 5,935 $ 25,064 $ 1,061,834 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, May 19, 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) $ 485,373 $ 5,912,885 $ 57,129,460 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 79 225 3,369 Bonds and Notes (-) 0 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 380,973 5,385,135 51,966,760 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 439 3,497 Inflation-Protected Securities Increment 159 2,826 -4,524 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 104,160 $ 523,451 $ 5,152,454 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 479,439 $ 5,887,821 $ 56,067,626 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 (-) 377,915 5,358,191 51,413,047 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 101,523 $ 529,630 $ 4,654,085 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, May 19, 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 $ 13,840,100 $ 13,836,956 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,372,351 5,369,561 5,346,193 5,026,770 Total Public Debt Outstanding 19,212,452 19,206,517 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,009 22,954 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 $ 19,173,960 $ 19,168,081 $ 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 19, 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 $ 2,229 $ 127,417 $ 1,487,219 Individual Income Taxes 86 1,872 90,470 Railroad Retirement Taxes 1 307 3,792 Excise Taxes 22 3,538 49,240 Corporation Income Taxes 46 6,598 192,958 Federal Unemployment Taxes 3 2,374 7,567 Estate and Gift Taxes & Misc IRS Rcpts. 11 81 704 Total $ 2,397 $ 142,186 $ 1,831,949 Cash Federal Tax Deposits: Direct $ -5 $ 1,891 $ 21,390 Through Depositaries 2,367 134,203 1,749,749 Total Cash FTD's $ 2,362 $ 136,094 $ 1,771,139 Inter-agency Transfers 36 6,093 60,810 Total $ 2,397 $ 142,186 $ 1,831,949 ___________________________________________________________________________________________ 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 19, 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 $ 1,887 $ 26,951 IRS Tax Refunds Business (EFT) 38 1,168 17,592 IRS Tax Refunds Individual (Checks) 134 6,178 53,055 IRS Tax Refunds Individual (EFT) 124 9,405 246,931 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.