1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 27, 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 $ 266,563 $ 251,273 $ 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 $ 266,563 $ 251,273 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 27, 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) $ 106 $ 587 $ 7,654 Air Transport Security Fees 21 76 2,249 Cash FTD's Received (Table IV) 9,099 180,751 1,815,796 Commodity Credit Corporation programs 44 204 2,109 Customs and Certain Excise Taxes 131 3,344 29,584 Deposits by States: Supplemental Security Income 4 78 2,166 Unemployment 20 15,625 32,420 Education Department programs 170 4,814 38,873 Energy Department programs 22 459 4,878 Estate and Gift Taxes 42 1,370 14,818 Federal Reserve Earnings 0 7,634 82,853 Foreign Deposits, Military Sales 6 2,308 22,723 Housing and Urban Development programs 14 234 2,267 Individual Income and Employment Taxes, Not Withheld 304 11,862 343,383 Interest recd from cash investments 0 0 0 Justice Department programs 6 1,515 13,156 Postal Service 283 6,675 61,076 Public Debt Cash Issues (Table III-B) 15,265 667,989 5,296,992 Other Deposits: Export-Import Bank 117 229 1,729 Federal Housing Admin: Note Sales 56 1,753 13,799 Medicare Premiums 99 2,430 19,597 TARP 6 8 50 Thrift Savings Plan Transfer 359 2,943 24,106 Total Other Deposits 637 7,898 108,351 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 26,176 913,421 7,881,350 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 26,176 $ 913,421 $ 7,881,350 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 27, 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 $ 10 $ 277 $ 14,724 Defense Vendor Payments (EFT) 1,034 21,698 190,855 Education Department programs 766 10,164 118,462 Energy Department programs 179 2,585 21,686 Federal Employees Insurance Payments 263 5,928 49,749 Fed. Highway Administration programs 338 3,412 25,155 Federal Salaries (EFT) 87 12,892 112,136 Food and Nutrition Service (misc) 93 2,759 21,177 GSA programs 26 1,486 11,984 Health and Human Services Grants (misc) 471 7,902 65,651 Housing and Urban Development programs 146 5,587 47,376 Interest on Treasury Securities -4 42,204 163,832 IRS Tax Refunds Business (EFT) 14 1,383 17,807 IRS Tax Refunds Individual (EFT) 53 10,676 248,202 Justice Department programs 113 1,775 11,239 Labor Dept. prgms (excl. unemployment) 153 1,202 9,776 Medicaid 1,649 29,057 237,520 Medicare and Other CMS Payments 1,680 31,009 257,066 Medicare Advantage - Part C&D Payments 0 13 175,490 Marketplace Payments 0 3,116 25,934 NASA programs 0 1,244 11,321 Postal Service Money Orders and Other 116 2,926 26,329 Public Debt Cash Redemp. (Table III-B) 1,110 659,558 4,784,012 Social Security Benefits (EFT) 1/ -6 68,664 544,582 Supple. Nutrition Assist. Program (SNAP) 159 5,594 47,195 Temporary Assistance for Needy Families (HHS) 145 1,260 10,350 Transportation Security Admin. (DHS) 2 171 1,508 Unemployment Insurance Benefits 45 2,992 23,139 Veterans Affairs programs 228 3,756 35,951 Other Withdrawals: Agriculture Loan Payments (misc) 60 676 5,420 Interior 68 899 6,691 Minerals Management Service 92 96 1,020 Pension Benefit Guaranty Corp. 470 513 4,042 TARP 310 310 3,104 U.S. District Courts (net) -70 -251 -2,669 Unclassified 1,087 27,912 187,440 Total, Other Withdrawals 2,017 44,661 503,294 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 10,886 985,949 7,813,504 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 10,886 $ 985,949 $ 7,813,504 Net Change in Operating Cash Balance $ 15,290 $ -72,529 $ 67,846 1/Reported as a negative amount due to a return/reversal of $7 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 27, 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 $ 417,988 $ 3,581,936 Cash Management Series 0 0 95,007 Notes 13,000 200,995 1,267,216 Bonds 0 18,392 130,067 Inflation-Protected Securities Increment 161 4,113 -2,936 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 71 562 Interest Increment 4 456 3,514 Government Account Series 377,801 7,673,720 54,255,345 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1,300 10,741 54,216 Other 961 21,075 176,514 Total Issues $ 393,231 $ 8,347,551 $ 59,564,126 (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 $ 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 37 945 7,364 Government Account Series 381,841 7,648,963 53,703,819 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 111 5,383 36,957 Other 963 21,042 176,436 Total Redemptions $ 382,951 $ 8,308,521 $ 58,488,326 Net Change in Public Debt Outstanding $ 10,280 $ 39,030 $ 1,075,800 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 27, 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) $ 393,231 $ 8,347,551 $ 59,564,126 Premium on New Issues 1 0 1,308 Discount on New Issues: Bills (-) 0 463 3,607 Bonds and Notes (-) 0 810 6,526 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 377,801 7,673,720 54,255,345 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 456 3,514 Inflation-Protected Securities Increment 161 4,113 -3,237 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 15,265 $ 667,989 $ 5,296,992 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 382,951 $ 8,308,521 $ 58,488,326 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 (-) 381,841 7,648,963 53,703,819 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,110 $ 659,558 $ 4,784,012 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 27, 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 $ 13,857,303 $ 13,842,706 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,369,115 5,373,432 5,346,193 5,026,770 Total Public Debt Outstanding 19,226,418 19,216,138 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 23,064 23,087 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 $ 19,187,872 $ 19,177,568 $ 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 27, 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 $ 7,085 $ 170,205 $ 1,530,006 Individual Income Taxes 81 2,349 90,948 Railroad Retirement Taxes 24 450 3,935 Excise Taxes 2,119 6,671 52,372 Corporation Income Taxes 116 6,898 193,258 Federal Unemployment Taxes 3 2,396 7,589 Estate and Gift Taxes & Misc IRS Rcpts. 1 96 719 Total $ 9,430 $ 189,064 $ 1,878,826 Cash Federal Tax Deposits: Direct $ 860 $ 2,995 $ 22,495 Through Depositaries 8,239 177,755 1,793,301 Total Cash FTD's $ 9,099 $ 180,751 $ 1,815,796 Inter-agency Transfers 331 8,313 63,031 Total $ 9,430 $ 189,064 $ 1,878,826 ___________________________________________________________________________________________ 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 27, 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) $ 62 $ 2,730 $ 27,794 IRS Tax Refunds Business (EFT) 14 1,383 17,807 IRS Tax Refunds Individual (Checks) 924 8,593 55,470 IRS Tax Refunds Individual (EFT) 53 10,676 248,202 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.