1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, May 23, 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 $ 276,399 $ 268,120 $ 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 $ 276,399 $ 268,120 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, May 23, 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) $ 27 $ 384 $ 7,451 Air Transport Security Fees 2 28 2,202 Cash FTD's Received (Table IV) 15,111 158,219 1,793,265 Commodity Credit Corporation programs 3 97 2,002 Customs and Certain Excise Taxes 1,849 3,022 29,261 Deposits by States: Supplemental Security Income 2 59 2,147 Unemployment 32 15,523 32,319 Education Department programs 264 3,767 37,827 Energy Department programs 61 241 4,659 Estate and Gift Taxes 20 1,181 14,630 Federal Reserve Earnings 0 6,062 81,282 Foreign Deposits, Military Sales 11 2,235 22,650 Housing and Urban Development programs 68 207 2,241 Individual Income and Employment Taxes, Not Withheld 325 10,172 341,694 Interest recd from cash investments 0 0 0 Justice Department programs 6 1,475 13,117 Postal Service 321 5,441 59,842 Public Debt Cash Issues (Table III-B) 1,140 525,615 5,154,618 Other Deposits: Federal Housing Admin: Note Sales 58 1,590 13,637 Medicare Premiums 621 2,111 19,278 Total Other Deposits 679 5,716 106,169 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 19,922 739,445 7,707,375 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 19,922 $ 739,445 $ 7,707,375 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, May 23, 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 $ 15 $ 231 $ 14,678 Defense Vendor Payments (EFT) 1,356 16,936 186,092 Education Department programs 997 8,065 116,363 Energy Department programs 65 2,031 21,132 Federal Employees Insurance Payments 154 4,268 48,089 Fed. Highway Administration programs 93 2,483 24,226 Federal Salaries (EFT) 1,393 11,622 110,866 Food and Nutrition Service (misc) 237 2,389 20,807 GSA programs 47 1,246 11,744 Health and Human Services Grants (misc) 322 6,227 63,976 Housing and Urban Development programs 145 4,995 46,784 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 28 1,197 17,621 IRS Tax Refunds Individual (EFT) 224 9,616 247,143 Justice Department programs 70 1,337 10,801 Labor Dept. prgms (excl. unemployment) 39 826 9,401 Medicaid 755 20,911 229,374 Medicare and Other CMS Payments 1,693 23,801 249,858 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 3,116 25,934 NASA programs 8 914 10,991 Postal Service Money Orders and Other 194 2,453 25,856 Public Debt Cash Redemp. (Table III-B) 1,000 531,824 4,656,278 Social Security Benefits (EFT) 50 53,673 529,592 Supple. Nutrition Assist. Program (SNAP) 466 4,997 46,599 Temporary Assistance for Needy Families (HHS) 29 966 10,055 Transportation Security Admin. (DHS) 2 155 1,491 Unemployment Insurance Benefits 115 2,535 22,682 Veterans Affairs programs 195 3,042 35,237 Other Withdrawals: Emergency Prep & Response (DHS) 156 655 6,084 Interior 98 734 6,526 State Department 50 593 7,026 Thrift Savings Plan Transfer 115 2,216 25,165 Unclassified 1,531 23,848 183,377 Total, Other Withdrawals 1,950 38,060 496,693 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,642 802,136 7,629,691 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,642 $ 802,136 $ 7,629,691 Net Change in Operating Cash Balance $ 8,279 $ -62,692 $ 77,683 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, May 23, 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 $ -2 $ 295,988 $ 3,459,936 Cash Management Series 0 0 95,007 Notes 0 187,995 1,254,216 Bonds 0 18,392 130,067 Inflation-Protected Securities Increment 482 3,469 -3,580 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 57 548 Interest Increment 3 443 3,501 Government Account Series 377,638 6,139,150 52,720,775 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 187 7,525 51,000 Other 952 16,693 172,131 Total Issues $ 379,263 $ 6,669,711 $ 57,886,286 (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 46 777 7,196 Government Account Series 375,586 6,112,782 52,167,639 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 3 5,185 36,760 Other 952 16,669 172,063 Total Redemptions $ 376,586 $ 6,644,606 $ 56,824,411 Net Change in Public Debt Outstanding $ 2,677 $ 25,105 $ 1,061,875 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, May 23, 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) $ 379,263 $ 6,669,711 $ 57,886,286 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 (-) 377,638 6,139,150 52,720,775 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 443 3,501 Inflation-Protected Securities Increment 482 3,469 -3,880 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,140 $ 525,615 $ 5,154,618 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 376,586 $ 6,644,606 $ 56,824,411 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 (-) 375,586 6,112,782 52,167,639 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,000 $ 531,824 $ 4,656,278 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, May 23, 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 $ 13,840,722 $ 13,840,181 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,371,771 5,369,635 5,346,193 5,026,770 Total Public Debt Outstanding 19,212,493 19,209,816 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,917 22,986 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 $ 19,174,093 $ 19,171,347 $ 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 23, 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 $ 15,764 $ 150,816 $ 1,510,617 Individual Income Taxes 96 2,057 90,656 Railroad Retirement Taxes 52 373 3,858 Excise Taxes 19 3,590 49,291 Corporation Income Taxes 20 6,661 193,020 Federal Unemployment Taxes 7 2,384 7,578 Estate and Gift Taxes & Misc IRS Rcpts. 3 85 708 Total $ 15,962 $ 165,965 $ 1,855,728 Cash Federal Tax Deposits: Direct $ 27 $ 1,954 $ 21,453 Through Depositaries 15,085 156,266 1,771,811 Total Cash FTD's $ 15,111 $ 158,219 $ 1,793,265 Inter-agency Transfers 851 7,746 62,463 Total $ 15,962 $ 165,965 $ 1,855,728 ___________________________________________________________________________________________ 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 23, 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) $ 92 $ 2,072 $ 27,136 IRS Tax Refunds Business (EFT) 28 1,197 17,621 IRS Tax Refunds Individual (Checks) 110 7,406 54,283 IRS Tax Refunds Individual (EFT) 224 9,616 247,143 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.