1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, May 31, 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 $ 298,416 $ 266,563 $ 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 $ 298,416 $ 266,563 $ 339,091 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, May 31, 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) $ 65 $ 652 $ 7,719 Air Transport Security Fees 275 351 2,524 Cash FTD's Received (Table IV) 16,049 196,799 1,831,844 Commodity Credit Corporation programs 20 224 2,129 Customs and Certain Excise Taxes 91 3,435 29,674 Deposits by States: Supplemental Security Income 7 85 2,173 Unemployment 21 15,646 32,441 Education Department programs 236 5,049 39,109 Energy Department programs 29 488 4,907 Estate and Gift Taxes 119 1,488 14,937 Federal Reserve Earnings 0 7,634 82,853 Foreign Deposits, Military Sales 11 2,319 22,734 Housing and Urban Development programs 5 239 2,273 Individual Income and Employment Taxes, Not Withheld 303 12,165 343,687 Interest recd from cash investments 0 0 0 Justice Department programs 11 1,526 13,168 Postal Service 351 7,026 61,427 Public Debt Cash Issues (Table III-B) 125,775 793,764 5,422,768 Other Deposits: Defense Finance & Accounting Service 51 548 4,571 Deposit Insurance Fund 56 283 7,835 Interior 56 325 2,507 Medicare Premiums 122 2,552 19,719 Minerals Management Svc/Collections 276 541 3,695 Thrift Savings Plan Transfer 106 3,049 24,212 Total Other Deposits 667 8,565 109,018 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 144,034 1,057,455 8,025,384 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 144,034 $ 1,057,455 $ 8,025,384 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, May 31, 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 $ 9 $ 286 $ 14,733 Defense Vendor Payments (EFT) 777 22,476 191,632 Education Department programs 514 10,678 118,976 Energy Department programs 253 2,838 21,939 Federal Employees Insurance Payments 266 6,194 50,015 Fed. Highway Administration programs 170 3,582 25,325 Federal Salaries (EFT) 100 12,992 112,236 Food and Nutrition Service (misc) 188 2,948 21,365 GSA programs 60 1,547 12,045 Health and Human Services Grants (misc) 444 8,347 66,096 Housing and Urban Development programs 176 5,762 47,551 Interest on Treasury Securities 6,636 48,839 170,468 IRS Tax Refunds Business (EFT) 49 1,433 17,857 IRS Tax Refunds Individual (EFT) 109 10,785 248,312 Justice Department programs 4 1,779 11,244 Labor Dept. prgms (excl. unemployment) 39 1,241 9,815 Medicaid 453 29,510 237,973 Medicare and Other CMS Payments 1,979 32,988 259,045 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 398 3,324 26,726 Public Debt Cash Redemp. (Table III-B) 96,940 756,498 4,880,953 Social Security Benefits (EFT) 1 68,665 544,584 Supple. Nutrition Assist. Program (SNAP) 391 5,985 47,586 Temporary Assistance for Needy Families (HHS) 30 1,290 10,380 Transportation Security Admin. (DHS) 26 197 1,534 Unemployment Insurance Benefits 163 3,155 23,302 Veterans Affairs programs 241 3,996 36,191 Other Withdrawals: Federal Aviation Administration 64 660 4,992 Thrift Savings Plan Transfer 486 2,841 25,789 Unclassified 1,213 29,125 188,653 Total, Other Withdrawals 1,763 46,424 505,058 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 112,180 1,098,129 7,925,684 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 112,180 $ 1,098,129 $ 7,925,684 Net Change in Operating Cash Balance $ 31,854 $ -40,675 $ 99,700 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, May 31, 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 $ -3 $ 417,985 $ 3,581,933 Cash Management Series 0 0 95,007 Notes 124,248 325,243 1,391,464 Bonds 0 18,392 130,067 Inflation-Protected Securities Increment 671 4,783 -2,265 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 5 76 567 Interest Increment 5 461 3,519 Government Account Series 390,884 8,064,604 54,646,230 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 143 10,884 54,359 Other 1,027 22,102 177,541 Total Issues $ 516,980 $ 8,864,531 $ 60,081,106 (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 95,854 288,245 1,118,299 Bonds 0 18,813 29,830 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 991 7,410 Government Account Series 381,006 8,029,969 54,084,825 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 15 5,398 36,972 Other 1,025 22,067 177,461 Total Redemptions $ 477,946 $ 8,786,467 $ 58,966,272 Net Change in Public Debt Outstanding $ 39,034 $ 78,064 $ 1,114,834 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, May 31, 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) $ 516,980 $ 8,864,531 $ 60,081,106 Premium on New Issues 459 459 1,766 Discount on New Issues: Bills (-) 0 463 3,607 Bonds and Notes (-) 133 943 6,659 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 390,884 8,064,604 54,646,230 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 5 461 3,519 Inflation-Protected Securities Increment 641 4,754 -2,595 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 125,775 $ 793,764 $ 5,422,768 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 477,946 $ 8,786,467 $ 58,966,272 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 (-) 381,006 8,029,969 54,084,825 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 96,940 $ 756,498 $ 4,880,953 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, May 31, 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 $ 13,886,303 $ 13,857,303 $ 13,841,195 $ 13,123,847 Intragovernmental Holdings 5,379,149 5,369,115 5,346,193 5,026,770 Total Public Debt Outstanding 19,265,452 19,226,418 19,187,387 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,841 23,064 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 $ 19,227,128 $ 19,187,872 $ 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 31, 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 $ 15,717 $ 185,922 $ 1,545,723 Individual Income Taxes 150 2,500 91,098 Railroad Retirement Taxes 73 522 4,007 Excise Taxes 44 6,715 52,417 Corporation Income Taxes 80 6,978 193,337 Federal Unemployment Taxes 5 2,400 7,594 Estate and Gift Taxes & Misc IRS Rcpts. 2 98 721 Total $ 16,071 $ 205,134 $ 1,894,897 Cash Federal Tax Deposits: Direct $ 19 $ 3,014 $ 22,513 Through Depositaries 16,030 193,785 1,809,331 Total Cash FTD's $ 16,049 $ 196,799 $ 1,831,844 Inter-agency Transfers 22 8,335 63,053 Total $ 16,071 $ 205,134 $ 1,894,897 ___________________________________________________________________________________________ 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 31, 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) $ 529 $ 3,259 $ 28,322 IRS Tax Refunds Business (EFT) 49 1,433 17,857 IRS Tax Refunds Individual (Checks) 66 1/ 8,660 1/ 55,536 IRS Tax Refunds Individual (EFT) 109 1/ 10,785 1/ 248,312 1/Does not include $428 million offset by Fiscal Service for the month of May 2016 and $5,557 million for the fiscal year-to-date for the Treasury Offset Program against Tax Refunds issued. 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.