1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, June 30, 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 $ 363,662 $ 346,632 $ 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 $ 363,662 $ 346,632 $ 298,416 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, June 30, 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) $ 116 $ 952 $ 8,671 Air Transport Security Fees 270 327 2,851 Cash FTD's Received (Table IV) 5,201 254,768 2,086,612 Commodity Credit Corporation programs 10 216 2,345 Customs and Certain Excise Taxes 77 3,648 33,323 Deposits by States: Supplemental Security Income 10 550 2,723 Unemployment 14 332 32,774 Education Department programs 100 4,813 43,922 Energy Department programs 18 499 5,406 Estate and Gift Taxes 143 1,430 16,367 Federal Reserve Earnings 0 9,674 92,527 Foreign Deposits, Military Sales 3 1,822 24,556 Housing and Urban Development programs 13 265 2,537 Individual Income and Employment Taxes, Not Withheld 347 62,309 405,996 Interest recd from cash investments 0 0 0 Justice Department programs 31 456 13,623 Postal Service 282 7,279 68,706 Public Debt Cash Issues (Table III-B) 216,214 741,290 6,164,057 Other Deposits: Deposit Insurance Fund 2,813 2,817 10,651 Export-Import Bank 64 563 2,298 Federal Finance Bank 189 397 935 Federal Housing Admin: Note Sales 74 1,903 15,751 GSE Dividends 922 922 7,725 Medicare Premiums 78 2,612 22,331 Minerals Management Svc/Collections 338 444 4,139 TARP 4 8 58 Total Other Deposits 4,481 15,067 124,086 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 227,328 1,105,697 9,131,082 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 227,328 $ 1,105,697 $ 9,131,082 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, June 30, 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 $ 322 $ 15,056 Defense Vendor Payments (EFT) 836 24,613 216,245 Education Department programs 792 11,314 130,290 Energy Department programs 354 2,762 24,701 Federal Employees Insurance Payments 224 6,443 56,458 Fed. Highway Administration programs 160 4,627 29,952 Federal Salaries (EFT) 66 13,593 125,829 Food and Nutrition Service (misc) 108 2,889 24,254 GSA programs 105 1,696 13,741 Health and Human Services Grants (misc) 719 8,805 74,901 Housing and Urban Development programs 203 6,334 53,885 Interest on Treasury Securities 7,217 7,952 178,419 IRS Tax Refunds Business (EFT) 31 1,430 19,287 IRS Tax Refunds Individual (EFT) 29 4,192 252,503 Justice Department programs 9 1,705 12,949 Labor Dept. prgms (excl. unemployment) 104 1,337 11,153 Medicaid 1,949 29,060 267,033 Medicare and Other CMS Payments 1,513 34,252 293,297 Medicare Advantage - Part C&D Payments 0 20,739 196,230 Marketplace Payments 0 2,910 28,844 NASA programs 0 1,486 12,807 Postal Service Money Orders and Other 353 3,309 30,036 Public Debt Cash Redemp. (Table III-B) 192,402 703,261 5,584,214 Social Security Benefits (EFT) 1 68,598 613,182 Supple. Nutrition Assist. Program (SNAP) 104 5,763 53,349 Temporary Assistance for Needy Families (HHS) 68 1,259 11,639 Transportation Security Admin. (DHS) 5 217 1,750 Unemployment Insurance Benefits 76 2,659 25,961 Veterans Affairs programs 300 4,523 40,715 Other Withdrawals: Centers for Disease Control 114 484 4,189 Deposit Insurance Fund 214 261 1,252 Federal Aviation Administration 50 666 5,659 Federal Financing Bank 63 1,109 4,432 Federal Transit Admin. 51 1,134 8,356 Interior 50 1,498 8,213 Pension Benefit Guaranty Corp. 468 507 4,549 Thrift Savings Plan Transfer 1,399 5,199 30,989 Unclassified 152 22,544 211,198 Total, Other Withdrawals 2,561 62,400 567,458 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 210,298 1,040,452 8,966,136 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 210,298 $ 1,040,452 $ 8,966,136 Net Change in Operating Cash Balance $ 17,030 $ 65,245 $ 164,946 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, June 30, 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 $ 106,998 $ 529,984 $ 4,111,917 Cash Management Series 0 0 95,007 Notes 100,838 157,827 1,549,290 Bonds 5,729 17,729 147,797 Inflation-Protected Securities Increment 240 5,604 3,338 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 3 81 648 Interest Increment 3 483 4,002 Government Account Series 796,984 8,755,309 63,401,539 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1,620 13,079 67,438 Other 1,409 23,550 201,090 Total Issues $ 1,013,824 $ 9,503,646 $ 69,584,752 (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 $ 97,003 $ 545,994 $ 4,056,974 Notes 93,905 125,905 1,244,204 Bonds 0 5 29,834 Federal Financing Bank 1,976 1,976 1,976 Nonmarketable: United States Savings Securities 36 1,012 8,423 Government Account Series 721,180 8,682,269 62,767,094 Hope Bonds 0 0 494 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 52 6,796 43,769 Other 1,406 23,548 201,009 Total Redemptions $ 915,559 $ 9,387,506 $ 68,353,778 Net Change in Public Debt Outstanding $ 98,266 $ 116,140 $ 1,230,973 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, June 30, 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) $ 1,013,824 $ 9,503,646 $ 69,584,752 Premium on New Issues 141 204 1,971 Discount on New Issues: Bills (-) 75 536 4,144 Bonds and Notes (-) 505 684 7,343 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 796,984 8,755,309 63,401,539 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 483 4,002 Inflation-Protected Securities Increment 184 5,547 2,952 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 216,214 $ 741,290 $ 6,164,057 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 915,559 $ 9,387,506 $ 68,353,778 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 1,976 1,976 1,976 Government Account Transactions (-) 721,180 8,682,269 62,767,094 Hope Bonds (-) 0 0 494 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 192,402 $ 703,261 $ 5,584,214 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, June 30, 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 $ 13,932,743 $ 13,909,293 $ 13,886,303 $ 13,123,847 Intragovernmental Holdings 5,448,848 5,374,033 5,379,149 5,026,770 Total Public Debt Outstanding 19,381,591 19,283,326 19,265,452 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 21,545 22,755 22,841 24,350 Federal Financing Bank 13,024 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 $ 19,346,540 $ 19,245,089 $ 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 30, 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 $ 4,920 $ 180,616 $ 1,726,339 Individual Income Taxes 94 11,336 102,434 Railroad Retirement Taxes 19 453 4,461 Excise Taxes 27 6,664 59,081 Corporation Income Taxes 156 62,751 256,089 Federal Unemployment Taxes 4 97 7,690 Estate and Gift Taxes & Misc IRS Rcpts. 2 345 1,065 Total $ 5,223 $ 262,262 $ 2,157,159 Cash Federal Tax Deposits: Direct $ 25 $ 2,507 $ 25,020 Through Depositaries 5,176 252,261 2,061,592 Total Cash FTD's $ 5,201 $ 254,768 $ 2,086,612 Inter-agency Transfers 22 7,495 70,547 Total $ 5,223 $ 262,262 $ 2,157,159 ___________________________________________________________________________________________ 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 30, 2016 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued ___________________________________________________________________________________________ Classification This Fiscal Today month year to date to date ____________________________________________________________________________________________ IRS Tax Refunds Business (Checks) $ 28 $ 2,434 $ 30,756 IRS Tax Refunds Business (EFT) 31 1,430 19,287 IRS Tax Refunds Individual (Checks) 64 1/ 3,699 1/ 59,235 IRS Tax Refunds Individual (EFT) 29 1/ 4,192 1/ 252,503 1/Does not include $129 million offset by Fiscal Service for the month of June 2016 and $5,686 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.