1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, June 24, 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 $ 335,147 $ 322,951 $ 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 $ 335,147 $ 322,951 $ 298,416 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, June 24, 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) $ 20 $ 745 $ 8,463 Air Transport Security Fees 4 27 2,551 Cash FTD's Received (Table IV) 6,755 222,879 2,054,723 Commodity Credit Corporation programs 14 159 2,288 Customs and Certain Excise Taxes 66 3,294 32,969 Deposits by States: Supplemental Security Income 2 290 2,463 Unemployment 17 285 32,727 Education Department programs 131 4,002 43,111 Energy Department programs 25 309 5,216 Estate and Gift Taxes 42 1,127 16,064 Federal Reserve Earnings 0 7,611 90,464 Foreign Deposits, Military Sales 34 1,795 24,529 Housing and Urban Development programs 4 227 2,500 Individual Income and Employment Taxes, Not Withheld 459 59,615 403,302 Interest recd from cash investments 0 0 0 Justice Department programs 7 389 13,557 Postal Service 271 6,035 67,463 Public Debt Cash Issues (Table III-B) 14,163 520,799 5,943,566 Other Deposits: Medicare Premiums 208 2,339 22,058 Thrift Savings Plan Transfer 290 3,138 27,350 Total Other Deposits 498 7,913 116,931 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 22,513 837,501 8,862,886 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 22,513 $ 837,501 $ 8,862,886 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, June 24, 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 $ 17 $ 281 $ 15,015 Defense Vendor Payments (EFT) 1,261 20,742 212,374 Education Department programs 640 8,916 127,892 Energy Department programs 170 2,102 24,040 Federal Employees Insurance Payments 537 5,504 55,519 Fed. Highway Administration programs 685 3,916 29,241 Federal Salaries (EFT) 93 13,214 125,451 Food and Nutrition Service (misc) 81 2,439 23,804 GSA programs 28 1,444 13,489 Health and Human Services Grants (misc) 461 6,742 72,838 Housing and Urban Development programs 201 5,513 53,064 Interest on Treasury Securities -9 735 171,203 IRS Tax Refunds Business (EFT) 86 1,301 19,157 IRS Tax Refunds Individual (EFT) 109 3,553 251,865 Justice Department programs 97 1,492 12,736 Labor Dept. prgms (excl. unemployment) 168 1,079 10,894 Medicaid 1,018 24,884 262,857 Medicare and Other CMS Payments 1,817 27,724 286,769 Medicare Advantage - Part C&D Payments 0 20,739 196,230 Marketplace Payments 0 2,910 28,844 NASA programs 117 1,269 12,591 Postal Service Money Orders and Other 92 2,608 29,334 Public Debt Cash Redemp. (Table III-B) 1,019 507,745 5,388,698 Social Security Benefits (EFT) 53 68,590 613,174 Supple. Nutrition Assist. Program (SNAP) 141 5,082 52,668 Temporary Assistance for Needy Families (HHS) 38 947 11,327 Transportation Security Admin. (DHS) 11 196 1,730 Unemployment Insurance Benefits 47 2,105 25,407 Veterans Affairs programs 172 3,650 39,842 Other Withdrawals: Federal Financing Bank 53 982 4,305 Federal Transit Admin. 67 939 8,161 State Department 75 734 7,912 Unclassified 972 19,761 208,414 Total, Other Withdrawals 1,167 53,345 558,403 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 10,318 800,771 8,726,455 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 10,318 $ 800,771 $ 8,726,455 Net Change in Operating Cash Balance $ 12,196 $ 36,731 $ 136,431 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, June 24, 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 $ 422,988 $ 4,004,921 Cash Management Series 0 0 95,007 Notes 13,000 56,989 1,448,453 Bonds 0 12,000 142,067 Inflation-Protected Securities Increment 185 4,434 2,169 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 4 66 633 Interest Increment 4 467 3,985 Government Account Series 379,078 6,833,496 61,479,726 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 209 10,037 64,396 Other 950 19,296 196,837 Total Issues $ 393,429 $ 7,359,773 $ 67,440,879 (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 $ 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 43 839 8,250 Government Account Series 374,284 6,839,541 60,924,366 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 26 6,617 43,589 Other 950 19,294 196,754 Total Redemptions $ 375,303 $ 7,347,286 $ 66,313,558 Net Change in Public Debt Outstanding $ 18,125 $ 12,486 $ 1,127,320 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, June 24, 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) $ 393,429 $ 7,359,773 $ 67,440,879 Premium on New Issues 0 63 1,830 Discount on New Issues: Bills (-) 0 461 4,068 Bonds and Notes (-) 0 179 6,838 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 379,078 6,833,496 61,479,726 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 467 3,985 Inflation-Protected Securities Increment 185 4,434 1,839 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 14,163 $ 520,799 $ 5,943,566 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 375,303 $ 7,347,286 $ 66,313,558 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 (-) 374,284 6,839,541 60,924,366 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,019 $ 507,745 $ 5,388,698 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, June 24, 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 $ 13,907,929 $ 13,894,409 $ 13,886,303 $ 13,123,847 Intragovernmental Holdings 5,370,009 5,365,403 5,379,149 5,026,770 Total Public Debt Outstanding 19,277,938 19,259,812 19,265,452 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 22,870 22,893 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 $ 19,239,586 $ 19,221,437 $ 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 Friday, June 24, 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 $ 6,387 $ 151,578 $ 1,697,301 Individual Income Taxes 87 10,836 101,934 Railroad Retirement Taxes 55 381 4,389 Excise Taxes 184 3,759 56,175 Corporation Income Taxes 49 62,466 255,803 Federal Unemployment Taxes 3 84 7,678 Estate and Gift Taxes & Misc IRS Rcpts. 1 331 1,052 Total $ 6,766 $ 229,435 $ 2,124,332 Cash Federal Tax Deposits: Direct $ 14 $ 1,521 $ 24,034 Through Depositaries 6,741 221,358 2,030,688 Total Cash FTD's $ 6,755 $ 222,879 $ 2,054,723 Inter-agency Transfers 11 6,556 69,609 Total $ 6,766 $ 229,435 $ 2,124,332 ___________________________________________________________________________________________ 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, June 24, 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) $ 27 $ 1,923 $ 30,246 IRS Tax Refunds Business (EFT) 86 1,301 19,157 IRS Tax Refunds Individual (Checks) 634 3,492 59,028 IRS Tax Refunds Individual (EFT) 109 3,553 251,865 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.