1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, May 26, 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 $ 251,273 $ 257,092 $ 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 $ 251,273 $ 257,092 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, May 26, 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) $ 34 $ 481 $ 7,548 Air Transport Security Fees 17 55 2,229 Cash FTD's Received (Table IV) 3,093 171,652 1,806,697 Commodity Credit Corporation programs 44 160 2,065 Customs and Certain Excise Taxes 67 3,213 29,452 Deposits by States: Supplemental Security Income 5 74 2,162 Unemployment 20 15,605 32,401 Education Department programs 413 4,644 38,704 Energy Department programs 75 437 4,855 Estate and Gift Taxes 40 1,327 14,776 Federal Reserve Earnings 0 7,634 82,853 Foreign Deposits, Military Sales 54 2,302 22,717 Housing and Urban Development programs 5 220 2,253 Individual Income and Employment Taxes, Not Withheld 427 11,557 343,079 Interest recd from cash investments 0 0 0 Justice Department programs 8 1,508 13,150 Postal Service 272 6,392 60,793 Public Debt Cash Issues (Table III-B) 124,365 652,724 5,281,727 Other Deposits: Deposit Insurance Fund 89 227 7,778 Pension Benefit Guaranty Corp. 494 529 6,987 Thrift Savings Plan Transfer 536 2,584 23,747 Total Other Deposits 1,119 7,261 107,714 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 130,057 887,245 7,855,174 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 130,057 $ 887,245 $ 7,855,174 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, May 26, 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 $ 267 $ 14,714 Defense Vendor Payments (EFT) 1,213 20,665 189,821 Education Department programs 481 9,397 117,696 Energy Department programs 158 2,406 21,507 Federal Employees Insurance Payments 615 5,665 49,487 Fed. Highway Administration programs 131 3,074 24,817 Federal Salaries (EFT) 717 12,805 112,049 Food and Nutrition Service (misc) 77 2,666 21,084 GSA programs 78 1,461 11,959 Health and Human Services Grants (misc) 485 7,431 65,180 Housing and Urban Development programs 143 5,440 47,229 Interest on Treasury Securities 2 42,208 163,836 IRS Tax Refunds Business (EFT) 7 1,369 17,793 IRS Tax Refunds Individual (EFT) 88 10,623 248,149 Justice Department programs 94 1,662 11,126 Labor Dept. prgms (excl. unemployment) 81 1,049 9,623 Medicaid 3,698 27,408 235,871 Medicare and Other CMS Payments 1,529 29,329 255,386 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 3,116 25,934 NASA programs 110 1,244 11,321 Postal Service Money Orders and Other 90 2,810 26,213 Public Debt Cash Redemp. (Table III-B) 124,582 658,448 4,782,902 Social Security Benefits (EFT) 58 68,670 544,589 Supple. Nutrition Assist. Program (SNAP) 121 5,435 47,036 Temporary Assistance for Needy Families (HHS) 86 1,115 10,204 Transportation Security Admin. (DHS) 5 169 1,506 Unemployment Insurance Benefits 83 2,946 23,094 Veterans Affairs programs 154 3,527 35,723 Other Withdrawals: Centers for Disease Control 85 315 3,690 Unclassified 890 26,825 186,353 Total, Other Withdrawals 976 42,643 501,277 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 135,876 975,063 7,802,617 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 135,876 $ 975,063 $ 7,802,617 Net Change in Operating Cash Balance $ -5,819 $ -87,818 $ 52,557 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, May 26, 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 $ 122,000 $ 417,988 $ 3,581,936 Cash Management Series 0 0 95,007 Notes 0 187,995 1,254,216 Bonds 0 18,392 130,067 Inflation-Protected Securities Increment 162 3,951 -3,097 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 67 558 Interest Increment 4 452 3,510 Government Account Series 388,438 7,295,919 53,877,544 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1,079 9,442 52,917 Other 1,521 20,114 175,553 Total Issues $ 513,207 $ 7,954,320 $ 59,170,895 (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 $ 122,995 $ 420,984 $ 3,510,980 Notes 0 192,391 1,022,445 Bonds 0 18,813 29,830 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 38 908 7,327 Government Account Series 386,615 7,267,122 53,321,979 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 40 5,272 36,847 Other 1,509 20,080 175,473 Total Redemptions $ 511,198 $ 7,925,570 $ 58,105,375 Net Change in Public Debt Outstanding $ 2,009 $ 28,750 $ 1,065,520 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, May 26, 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) $ 513,207 $ 7,954,320 $ 59,170,895 Premium on New Issues 0 0 1,307 Discount on New Issues: Bills (-) 239 463 3,607 Bonds and Notes (-) 0 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 388,438 7,295,919 53,877,544 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 452 3,510 Inflation-Protected Securities Increment 162 3,951 -3,398 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 124,365 $ 652,724 $ 5,281,727 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 511,198 $ 7,925,570 $ 58,105,375 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 (-) 386,615 7,267,122 53,321,979 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 124,582 $ 658,448 $ 4,782,902 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, May 26, 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 $ 13,842,706 $ 13,842,105 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,373,432 5,372,024 5,346,193 5,026,770 Total Public Debt Outstanding 19,216,138 19,214,129 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,087 22,871 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 $ 19,177,568 $ 19,175,775 $ 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 26, 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 $ 2,822 $ 163,120 $ 1,522,921 Individual Income Taxes 63 2,269 90,867 Railroad Retirement Taxes 12 425 3,911 Excise Taxes 381 4,551 50,253 Corporation Income Taxes 23 6,782 193,141 Federal Unemployment Taxes 2 2,393 7,586 Estate and Gift Taxes & Misc IRS Rcpts. 8 94 717 Total $ 3,311 $ 179,634 $ 1,869,397 Cash Federal Tax Deposits: Direct $ 73 $ 2,135 $ 21,635 Through Depositaries 3,020 169,516 1,785,062 Total Cash FTD's $ 3,093 $ 171,652 $ 1,806,697 Inter-agency Transfers 219 7,982 62,700 Total $ 3,311 $ 179,634 $ 1,869,397 ___________________________________________________________________________________________ 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 26, 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) $ 14 $ 2,668 $ 27,732 IRS Tax Refunds Business (EFT) 7 1,369 17,793 IRS Tax Refunds Individual (Checks) 82 7,669 54,545 IRS Tax Refunds Individual (EFT) 88 10,623 248,149 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.