1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, May 24, 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 $ 268,985 $ 276,399 $ 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 $ 268,985 $ 276,399 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, May 24, 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) $ 47 $ 431 $ 7,498 Air Transport Security Fees 4 33 2,206 Cash FTD's Received (Table IV) 1,823 160,042 1,795,087 Commodity Credit Corporation programs 15 112 2,017 Customs and Certain Excise Taxes 66 3,088 29,328 Deposits by States: Supplemental Security Income 5 64 2,152 Unemployment 33 15,556 32,352 Education Department programs 307 4,074 38,134 Energy Department programs 47 288 4,706 Estate and Gift Taxes 41 1,223 14,671 Federal Reserve Earnings 0 6,062 81,282 Foreign Deposits, Military Sales 9 2,243 22,658 Housing and Urban Development programs 3 211 2,244 Individual Income and Employment Taxes, Not Withheld 348 10,520 342,042 Interest recd from cash investments 0 0 0 Justice Department programs 8 1,483 13,124 Postal Service 394 5,835 60,236 Public Debt Cash Issues (Table III-B) 1,068 526,683 5,155,686 Other Deposits: Medicare Premiums 71 2,182 19,349 Thrift Savings Plan Transfer 164 2,043 23,206 Total Other Deposits 234 5,950 106,403 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 4,453 743,898 7,711,827 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 4,453 $ 743,898 $ 7,711,827 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, May 24, 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 $ 17 $ 249 $ 14,696 Defense Vendor Payments (EFT) 1,767 18,703 187,859 Education Department programs 404 8,469 116,768 Energy Department programs 90 2,121 21,222 Federal Employees Insurance Payments 212 4,479 48,301 Fed. Highway Administration programs 184 2,667 24,410 Federal Salaries (EFT) 315 11,937 111,181 Food and Nutrition Service (misc) 94 2,484 20,901 GSA programs 67 1,313 11,811 Health and Human Services Grants (misc) 350 6,577 64,326 Housing and Urban Development programs 154 5,149 46,938 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 139 1,336 17,760 IRS Tax Refunds Individual (EFT) 70 9,686 247,212 Justice Department programs 146 1,483 10,947 Labor Dept. prgms (excl. unemployment) 45 871 9,446 Medicaid 1,890 22,801 231,264 Medicare and Other CMS Payments 1,528 25,329 251,386 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 3,116 25,934 NASA programs 89 1,003 11,080 Postal Service Money Orders and Other 140 2,593 25,996 Public Debt Cash Redemp. (Table III-B) 1,047 532,871 4,657,325 Social Security Benefits (EFT) 49 53,722 529,641 Supple. Nutrition Assist. Program (SNAP) 167 5,164 46,766 Temporary Assistance for Needy Families (HHS) 27 992 10,082 Transportation Security Admin. (DHS) 2 157 1,493 Unemployment Insurance Benefits 209 2,744 22,891 Veterans Affairs programs 178 3,220 35,415 Other Withdrawals: Agency for Internat'l Development 944 1,660 9,957 Agriculture 178 803 8,610 Centers for Disease Control 59 227 3,602 Federal Transit Admin. 82 734 7,051 Unclassified 1,226 25,074 184,603 Total, Other Withdrawals 2,489 40,548 499,182 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,867 814,004 7,641,558 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,867 $ 814,004 $ 7,641,558 Net Change in Operating Cash Balance $ -7,415 $ -70,106 $ 70,269 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, May 24, 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 $ 295,988 $ 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 161 3,630 -3,419 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 60 551 Interest Increment 3 446 3,504 Government Account Series 384,450 6,523,600 53,105,225 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 115 7,640 51,115 Other 950 17,643 173,082 Total Issues $ 385,682 $ 7,055,393 $ 58,271,968 (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 49 826 7,245 Government Account Series 374,080 6,486,862 52,541,719 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 47 5,232 36,807 Other 951 17,620 173,013 Total Redemptions $ 375,127 $ 7,019,733 $ 57,199,538 Net Change in Public Debt Outstanding $ 10,555 $ 35,660 $ 1,072,430 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, May 24, 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) $ 385,682 $ 7,055,393 $ 58,271,968 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 (-) 384,450 6,523,600 53,105,225 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 446 3,504 Inflation-Protected Securities Increment 161 3,630 -3,719 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,068 $ 526,683 $ 5,155,686 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 375,127 $ 7,019,733 $ 57,199,538 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 (-) 374,080 6,486,862 52,541,719 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,047 $ 532,871 $ 4,657,325 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, May 24, 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 $ 13,841,341 $ 13,840,722 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,381,706 5,371,771 5,346,193 5,026,770 Total Public Debt Outstanding 19,223,048 19,212,493 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,894 22,917 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 $ 19,184,671 $ 19,174,093 $ 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 24, 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 $ 1,609 $ 152,425 $ 1,512,226 Individual Income Taxes 74 2,132 90,730 Railroad Retirement Taxes 0 373 3,858 Excise Taxes 73 3,662 49,364 Corporation Income Taxes 74 6,735 193,095 Federal Unemployment Taxes 3 2,387 7,580 Estate and Gift Taxes & Misc IRS Rcpts. 0 85 708 Total $ 1,834 $ 167,799 $ 1,857,562 Cash Federal Tax Deposits: Direct $ 56 $ 2,010 $ 21,509 Through Depositaries 1,767 158,032 1,773,578 Total Cash FTD's $ 1,823 $ 160,042 $ 1,795,087 Inter-agency Transfers 11 7,757 62,474 Total $ 1,834 $ 167,799 $ 1,857,562 ___________________________________________________________________________________________ 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 24, 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) $ 534 $ 2,607 $ 27,671 IRS Tax Refunds Business (EFT) 139 1,336 17,760 IRS Tax Refunds Individual (Checks) 4 7,410 54,286 IRS Tax Refunds Individual (EFT) 70 9,686 247,212 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.