1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, June 23, 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 $ 322,951 $ 331,412 $ 298,416 $ 198,716 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 322,951 $ 331,412 $ 298,416 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, June 23, 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) $ 21 $ 724 $ 8,443 Air Transport Security Fees 3 23 2,547 Cash FTD's Received (Table IV) 2,478 216,124 2,047,968 Commodity Credit Corporation programs 4 145 2,274 Customs and Certain Excise Taxes 58 3,228 32,903 Deposits by States: Supplemental Security Income 2 288 2,461 Unemployment 12 268 32,709 Education Department programs 156 3,871 42,980 Energy Department programs 40 284 5,191 Estate and Gift Taxes 58 1,085 16,021 Federal Reserve Earnings 0 7,611 90,464 Foreign Deposits, Military Sales 126 1,761 24,495 Housing and Urban Development programs 6 223 2,496 Individual Income and Employment Taxes, Not Withheld 991 59,156 402,842 Interest recd from cash investments 0 0 0 Justice Department programs 7 382 13,549 Postal Service 277 5,765 67,192 Public Debt Cash Issues (Table III-B) 129,240 506,636 5,929,403 Other Deposits: Medicare Premiums 64 2,132 21,850 Thrift Savings Plan Transfer 514 2,847 27,060 Total Other Deposits 579 7,415 116,433 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 134,056 814,988 8,840,372 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 134,056 $ 814,988 $ 8,840,372 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, June 23, 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 $ 11 $ 265 $ 14,998 Defense Vendor Payments (EFT) 1,334 19,481 211,113 Education Department programs 446 8,276 127,252 Energy Department programs 119 1,931 23,870 Federal Employees Insurance Payments 616 4,967 54,981 Fed. Highway Administration programs 197 3,231 28,556 Federal Salaries (EFT) 738 13,121 125,358 Food and Nutrition Service (misc) 92 2,358 23,723 GSA programs 96 1,416 13,461 Health and Human Services Grants (misc) 341 6,281 72,377 Housing and Urban Development programs 152 5,312 52,864 Interest on Treasury Securities 0 744 171,212 IRS Tax Refunds Business (EFT) 116 1,215 19,071 IRS Tax Refunds Individual (EFT) 0 3,450 251,762 Justice Department programs 102 1,395 12,638 Labor Dept. prgms (excl. unemployment) 75 911 10,726 Medicaid 2,106 23,866 261,838 Medicare and Other CMS Payments 2,514 25,908 284,952 Medicare Advantage - Part C&D Payments 0 20,739 196,230 Marketplace Payments 0 2,910 28,844 NASA programs 41 1,152 12,473 Postal Service Money Orders and Other 79 2,516 29,242 Public Debt Cash Redemp. (Table III-B) 131,582 506,727 5,387,679 Social Security Benefits (EFT) 57 68,544 613,128 Supple. Nutrition Assist. Program (SNAP) 167 4,941 52,527 Temporary Assistance for Needy Families (HHS) 77 909 11,289 Transportation Security Admin. (DHS) 4 186 1,719 Unemployment Insurance Benefits 84 2,058 25,360 Veterans Affairs programs 196 3,478 39,669 Other Withdrawals: Agriculture Loan Payments (misc) 55 533 5,981 Emergency Prep & Response (DHS) 83 774 7,041 Environmental Protection Agency 56 372 4,619 Interior 77 1,256 7,971 State Department 50 660 7,837 Treasury Dept: Claims Payments 65 706 3,793 Unclassified 787 18,776 207,429 Total, Other Withdrawals 1,173 52,166 557,223 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 142,517 790,453 8,716,137 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 142,517 $ 790,453 $ 8,716,137 Net Change in Operating Cash Balance $ -8,461 $ 24,535 $ 124,235 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, June 23, 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 $ 126,989 $ 422,988 $ 4,004,921 Cash Management Series 0 0 95,007 Notes 0 43,989 1,435,453 Bonds 0 12,000 142,067 Inflation-Protected Securities Increment 187 4,250 1,984 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 62 629 Interest Increment 4 463 3,982 Government Account Series 388,298 6,454,418 61,100,648 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 914 9,829 64,188 Other 1,530 18,346 195,887 Total Issues $ 517,925 $ 6,966,344 $ 67,047,450 (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 $ 129,995 $ 448,991 $ 3,959,972 Notes 0 32,000 1,150,299 Bonds 0 4 29,834 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 40 797 8,207 Government Account Series 378,962 6,465,257 60,550,082 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 5 6,591 43,564 Other 1,542 18,343 195,804 Total Redemptions $ 510,544 $ 6,971,983 $ 65,938,255 Net Change in Public Debt Outstanding $ 7,381 $ -5,639 $ 1,109,195 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, June 23, 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) $ 517,925 $ 6,966,344 $ 67,047,450 Premium on New Issues 0 63 1,829 Discount on New Issues: Bills (-) 197 461 4,068 Bonds and Notes (-) 0 179 6,838 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 388,298 6,454,418 61,100,648 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 463 3,982 Inflation-Protected Securities Increment 187 4,250 1,654 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 129,240 $ 506,636 $ 5,929,403 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 510,544 $ 6,971,983 $ 65,938,255 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 (-) 378,962 6,465,257 60,550,082 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 131,582 $ 506,727 $ 5,387,679 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, June 23, 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 $ 13,894,409 $ 13,895,632 $ 13,886,303 $ 13,123,847 Intragovernmental Holdings 5,365,403 5,356,800 5,379,149 5,026,770 Total Public Debt Outstanding 19,259,812 19,252,431 19,265,452 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,893 22,719 22,841 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 $ 19,221,437 $ 19,214,230 $ 19,227,128 $ 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, June 23, 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 $ 2,540 $ 145,190 $ 1,690,914 Individual Income Taxes 89 10,749 101,847 Railroad Retirement Taxes 1 327 4,334 Excise Taxes 24 3,575 55,992 Corporation Income Taxes 44 62,417 255,754 Federal Unemployment Taxes 2 82 7,675 Estate and Gift Taxes & Misc IRS Rcpts. 2 330 1,050 Total $ 2,703 $ 222,668 $ 2,117,565 Cash Federal Tax Deposits: Direct $ 84 $ 1,507 $ 24,020 Through Depositaries 2,394 214,617 2,023,948 Total Cash FTD's $ 2,478 $ 216,124 $ 2,047,968 Inter-agency Transfers 224 6,545 69,598 Total $ 2,703 $ 222,668 $ 2,117,565 ___________________________________________________________________________________________ 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, June 23, 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) $ 11 $ 1,896 $ 30,219 IRS Tax Refunds Business (EFT) 116 1,215 19,071 IRS Tax Refunds Individual (Checks) 47 2,858 58,395 IRS Tax Refunds Individual (EFT) 0 3,450 251,762 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.