1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 20, 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 $ 268,120 $ 273,500 $ 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 $ 268,120 $ 273,500 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 20, 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) $ 18 $ 357 $ 7,424 Air Transport Security Fees 1 27 2,200 Cash FTD's Received (Table IV) 7,015 143,108 1,778,154 Commodity Credit Corporation programs 7 95 1,999 Customs and Certain Excise Taxes 84 1,173 27,412 Deposits by States: Supplemental Security Income 3 56 2,145 Unemployment 20 15,491 32,287 Education Department programs 189 3,503 37,563 Energy Department programs 55 180 4,598 Estate and Gift Taxes 112 1,162 14,610 Federal Reserve Earnings 0 6,062 81,282 Foreign Deposits, Military Sales 51 2,224 22,638 Housing and Urban Development programs 4 139 2,172 Individual Income and Employment Taxes, Not Withheld 266 9,847 341,369 Interest recd from cash investments 0 0 0 Justice Department programs 8 1,469 13,110 Postal Service 273 5,120 59,521 Public Debt Cash Issues (Table III-B) 1,024 524,475 5,153,478 Other Deposits: Federal Housing Admin: Note Sales 96 1,532 13,578 Medicare Premiums 349 1,491 18,658 Thrift Savings Plan Transfer 71 1,843 23,006 Total Other Deposits 515 5,037 105,490 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 9,645 719,523 7,687,453 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 9,645 $ 719,523 $ 7,687,453 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 20, 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 $ 16 $ 217 $ 14,664 Defense Vendor Payments (EFT) 1,079 15,580 184,736 Education Department programs 411 7,068 115,367 Energy Department programs 167 1,966 21,067 Federal Employees Insurance Payments 179 4,113 47,935 Fed. Highway Administration programs 126 2,391 24,133 Federal Salaries (EFT) 3,206 10,228 109,473 Food and Nutrition Service (misc) 267 2,153 20,570 GSA programs 67 1,199 11,697 Health and Human Services Grants (misc) 370 5,906 63,655 Housing and Urban Development programs 129 4,851 46,640 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 2 1,169 17,593 IRS Tax Refunds Individual (EFT) 1/ -8 9,392 246,918 Justice Department programs 82 1,266 10,731 Labor Dept. prgms (excl. unemployment) 40 788 9,362 Medicaid 403 20,156 228,619 Medicare and Other CMS Payments 1,680 22,108 248,165 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 3,116 3,116 25,934 NASA programs 59 906 10,983 Postal Service Money Orders and Other 124 2,259 25,662 Public Debt Cash Redemp. (Table III-B) 1,193 530,823 4,655,278 Social Security Benefits (EFT) 45 53,624 529,543 Supple. Nutrition Assist. Program (SNAP) 175 4,531 46,133 Temporary Assistance for Needy Families (HHS) 27 937 10,026 Transportation Security Admin. (DHS) 12 153 1,489 Unemployment Insurance Benefits 42 2,420 22,567 Veterans Affairs programs 205 2,847 35,042 Other Withdrawals: Agency for Internat'l Development 65 684 8,980 National Credit Union Administration 169 182 468 Thrift Savings Plan Transfer 166 2,101 25,050 Unclassified 1,410 22,318 181,846 Total, Other Withdrawals 1,810 36,109 494,743 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 15,024 790,494 7,618,049 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 15,024 $ 790,494 $ 7,618,049 Net Change in Operating Cash Balance $ -5,380 $ -70,971 $ 69,404 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 20, 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 $ 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 161 2,987 -4,062 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 1 54 545 Interest Increment 1 440 3,498 Government Account Series 376,377 5,761,512 52,343,137 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 71 7,338 50,813 Other 951 15,741 171,180 Total Issues $ 377,564 $ 6,290,449 $ 57,507,024 (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 $ 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 35 731 7,150 Government Account Series 379,006 5,737,196 51,792,053 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 206 5,182 36,757 Other 952 15,717 171,111 Total Redemptions $ 380,199 $ 6,268,020 $ 56,447,825 Net Change in Public Debt Outstanding $ -2,635 $ 22,429 $ 1,059,198 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 20, 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) $ 377,564 $ 6,290,449 $ 57,507,024 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 0 225 3,369 Bonds and Notes (-) 0 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 376,377 5,761,512 52,343,137 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 440 3,498 Inflation-Protected Securities Increment 161 2,987 -4,362 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,024 $ 524,475 $ 5,153,478 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 380,199 $ 6,268,020 $ 56,447,825 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 (-) 379,006 5,737,196 51,792,053 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,193 $ 530,823 $ 4,655,278 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 20, 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 $ 13,840,181 $ 13,840,100 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,369,635 5,372,351 5,346,193 5,026,770 Total Public Debt Outstanding 19,209,816 19,212,452 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,986 23,009 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 $ 19,171,347 $ 19,173,960 $ 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 20, 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 $ 7,635 $ 135,052 $ 1,494,853 Individual Income Taxes 90 1,961 90,560 Railroad Retirement Taxes 14 320 3,806 Excise Taxes 32 3,570 49,272 Corporation Income Taxes 43 6,641 193,000 Federal Unemployment Taxes 3 2,377 7,571 Estate and Gift Taxes & Misc IRS Rcpts. 1 81 705 Total $ 7,817 $ 150,003 $ 1,839,766 Cash Federal Tax Deposits: Direct $ 37 $ 1,927 $ 21,427 Through Depositaries 6,978 141,181 1,756,727 Total Cash FTD's $ 7,015 $ 143,108 $ 1,778,154 Inter-agency Transfers 802 6,895 61,613 Total $ 7,817 $ 150,003 $ 1,839,766 ___________________________________________________________________________________________ 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 20, 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) $ 93 $ 1,980 $ 27,044 IRS Tax Refunds Business (EFT) 2 1,169 17,593 IRS Tax Refunds Individual (Checks) 1,118 7,296 54,172 IRS Tax Refunds Individual (EFT) 1/ -8 9,392 246,918 1/Reported as a negative amount due to a return/reversal of $8 million. 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.