1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, May 25, 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 $ 257,092 $ 268,985 $ 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 $ 257,092 $ 268,985 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, May 25, 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 $ 446 $ 7,513 Air Transport Security Fees 6 39 2,212 Cash FTD's Received (Table IV) 8,517 168,559 1,803,604 Commodity Credit Corporation programs 4 117 2,021 Customs and Certain Excise Taxes 58 3,146 29,385 Deposits by States: Supplemental Security Income 5 69 2,157 Unemployment 28 15,585 32,380 Education Department programs 157 4,231 38,291 Energy Department programs 74 362 4,781 Estate and Gift Taxes 64 1,287 14,736 Federal Reserve Earnings 1,571 7,634 82,853 Foreign Deposits, Military Sales 5 2,248 22,663 Housing and Urban Development programs 4 215 2,249 Individual Income and Employment Taxes, Not Withheld 610 11,130 342,652 Interest recd from cash investments 0 0 0 Justice Department programs 17 1,500 13,141 Postal Service 285 6,120 60,521 Public Debt Cash Issues (Table III-B) 1,676 528,359 5,157,362 Other Deposits: Export-Import Bank 57 112 1,612 Medicare Premiums 135 2,317 19,484 Total Other Deposits 192 6,142 106,595 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 13,290 757,187 7,725,117 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 13,290 $ 757,187 $ 7,725,117 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, May 25, 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 $ 4 $ 252 $ 14,700 Defense Vendor Payments (EFT) 749 19,452 188,608 Education Department programs 447 8,916 117,215 Energy Department programs 126 2,248 21,348 Federal Employees Insurance Payments 571 5,050 48,872 Fed. Highway Administration programs 276 2,943 24,686 Federal Salaries (EFT) 151 12,088 111,332 Food and Nutrition Service (misc) 105 2,589 21,007 GSA programs 70 1,383 11,881 Health and Human Services Grants (misc) 369 6,946 64,695 Housing and Urban Development programs 148 5,297 47,086 Interest on Treasury Securities 0 42,206 163,834 IRS Tax Refunds Business (EFT) 26 1,362 17,786 IRS Tax Refunds Individual (EFT) 849 10,535 248,061 Justice Department programs 85 1,567 11,032 Labor Dept. prgms (excl. unemployment) 97 968 9,543 Medicaid 910 23,710 232,174 Medicare and Other CMS Payments 2,471 27,800 253,857 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 3,116 25,934 NASA programs 131 1,134 11,211 Postal Service Money Orders and Other 126 2,720 26,123 Public Debt Cash Redemp. (Table III-B) 995 533,866 4,658,320 Social Security Benefits (EFT) 14,890 68,612 544,531 Supple. Nutrition Assist. Program (SNAP) 149 5,314 46,915 Temporary Assistance for Needy Families (HHS) 37 1,029 10,119 Transportation Security Admin. (DHS) 8 165 1,501 Unemployment Insurance Benefits 119 2,863 23,010 Veterans Affairs programs 153 3,374 35,569 Other Withdrawals: Agency for Internat'l Development 79 1,739 10,035 Agriculture Loan Payments (misc) 65 581 5,325 Federal Transit Admin. 63 798 7,114 Thrift Savings Plan Transfer 53 2,300 25,248 Unclassified 860 25,935 185,463 Total, Other Withdrawals 1,119 41,668 500,302 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 25,183 839,187 7,666,741 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 25,183 $ 839,187 $ 7,666,741 Net Change in Operating Cash Balance $ -11,893 $ -81,999 $ 58,376 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, May 25, 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 160 3,790 -3,259 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 63 554 Interest Increment 3 449 3,507 Government Account Series 383,881 6,907,481 53,489,106 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 723 8,362 51,837 Other 950 18,593 174,032 Total Issues $ 385,721 $ 7,441,114 $ 58,657,689 (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 44 870 7,289 Government Account Series 393,645 6,880,507 52,935,363 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 5,233 36,807 Other 951 18,570 173,964 Total Redemptions $ 394,639 $ 7,414,372 $ 57,594,178 Net Change in Public Debt Outstanding $ -8,919 $ 26,741 $ 1,063,511 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, May 25, 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) $ 385,721 $ 7,441,114 $ 58,657,689 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 (-) 383,881 6,907,481 53,489,106 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 449 3,507 Inflation-Protected Securities Increment 160 3,790 -3,559 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,676 $ 528,359 $ 5,157,362 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 394,639 $ 7,414,372 $ 57,594,178 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 (-) 393,645 6,880,507 52,935,363 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 995 $ 533,866 $ 4,658,320 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, May 25, 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 $ 13,842,105 $ 13,841,341 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,372,024 5,381,706 5,346,193 5,026,770 Total Public Debt Outstanding 19,214,129 19,223,048 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,871 22,894 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 $ 19,175,775 $ 19,184,671 $ 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 25, 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 $ 7,873 $ 160,298 $ 1,520,099 Individual Income Taxes 74 2,205 90,804 Railroad Retirement Taxes 41 414 3,899 Excise Taxes 508 4,170 49,872 Corporation Income Taxes 24 6,759 193,118 Federal Unemployment Taxes 4 2,391 7,584 Estate and Gift Taxes & Misc IRS Rcpts. 1 86 709 Total $ 8,524 $ 176,323 $ 1,866,086 Cash Federal Tax Deposits: Direct $ 52 $ 2,062 $ 21,562 Through Depositaries 8,465 166,497 1,782,043 Total Cash FTD's $ 8,517 $ 168,559 $ 1,803,604 Inter-agency Transfers 7 7,764 62,481 Total $ 8,524 $ 176,323 $ 1,866,086 ___________________________________________________________________________________________ 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 25, 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) $ 47 $ 2,654 $ 27,718 IRS Tax Refunds Business (EFT) 26 1,362 17,786 IRS Tax Refunds Individual (Checks) 177 7,588 54,464 IRS Tax Refunds Individual (EFT) 849 10,535 248,061 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.