1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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 $ 189,831 $ 176,984 $ 272,585 $ 353,312 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 189,831 $ 176,984 $ 272,585 $ 353,312 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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) $ 61 $ 669 $ 6,029 Air Transport Security Fees 266 335 2,643 Cash FTD's Received (Table IV) 6,202 213,787 1,907,000 Commodity Credit Corporation programs 50 388 2,957 Customs and Certain Excise Taxes 72 3,589 29,271 Deposits by States: Supplemental Security Income 6 87 2,311 Unemployment 36 15,302 30,236 Education Department programs 415 5,693 41,797 Energy Department programs 20 728 5,184 Estate and Gift Taxes 99 1,919 14,928 Federal Reserve Earnings 1,559 8,350 56,504 Foreign Military Sales Program 4 1,659 16,973 Housing and Urban Development programs 7 233 2,225 Individual Income and Employment Taxes, Not Withheld 431 13,860 327,051 Interest recd from cash investments 0 0 0 Justice Department programs 167 837 13,616 Postal Service 412 7,448 60,903 Public Debt Cash Issues (Table III-B) 111,418 868,281 5,995,948 Other Deposits: Federal Housing Admin: Note Sales 58 1,747 13,975 Medicare Premiums 102 2,896 26,221 Minerals Management Svc/Collections 401 762 4,338 Thrift Savings Plan Transfer 219 1,520 19,007 Total Other Deposits 779 26,156 118,059 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 122,003 1,169,322 8,633,637 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 122,003 $ 1,169,322 $ 8,633,637 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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 $ 298 $ 17,247 Defense Vendor Payments (EFT) 1,152 23,838 185,134 Education Department programs 587 10,777 118,072 Energy Department programs 267 2,597 22,080 Federal Employees Insurance Payments 312 6,578 50,788 Fed. Highway Administration programs 204 3,484 27,087 Federal Salaries (EFT) 178 13,539 114,091 Food and Nutrition Service (misc) 89 2,948 21,519 GSA programs 130 1,793 13,061 Health and Human Services Grants (misc) 558 9,499 70,554 Housing and Urban Development programs 100 5,424 46,410 Interest on Treasury Securities 6,664 49,056 173,002 IRS Tax Refunds Business (EFT) 49 2,101 15,733 IRS Tax Refunds Individual (EFT) 101 11,518 254,735 Justice Department programs 15 1,485 11,709 Labor Dept. prgms (excl. unemployment) 64 1,200 9,717 Medicaid 950 29,370 245,681 Medicare and Other CMS Payments 1,430 35,636 264,599 Medicare Advantage - Part C&D Payments 0 24,631 171,394 Marketplace Payments 0 3,972 29,337 NASA programs 0 1,611 11,609 Postal Service Money Orders and Other 445 3,476 27,346 Public Debt Cash Redemp. (Table III-B) 93,477 843,848 5,723,791 Social Security Benefits (EFT) 1 70,452 558,875 Supple. Nutrition Assist. Program (SNAP) 115 5,845 45,488 Temporary Assistance for Needy Families (HHS) 52 1,256 10,348 Transportation Security Admin. (DHS) 1 240 1,490 Unemployment Insurance Benefits 149 2,830 22,030 Veterans Affairs programs 176 5,112 38,366 Other Withdrawals: Agency for Internat'l Development 64 994 9,770 Federal Aviation Administration 56 714 5,116 International Monetary Fund 51 147 2,117 Overseas Private Investment Co. 82 103 441 Pension Benefit Guaranty Corp. 477 512 4,113 Thrift Savings Plan Transfer 56 10,585 38,226 Unclassified 1,095 32,947 198,734 Total, Other Withdrawals 1,883 77,664 495,825 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 109,157 1,252,076 8,797,117 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 109,157 $ 1,252,076 $ 8,797,117 Net Change in Operating Cash Balance $ 12,847 $ -82,754 $ -163,481 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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 $ 527,984 $ 4,157,912 Cash Management Series 0 0 138,027 Notes 110,909 303,488 1,372,588 Bonds 0 19,951 129,001 Inflation-Protected Securities Increment 146 1,477 16,688 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 77 706 Interest Increment 2 467 3,684 Government Account Series 207,833 5,308,239 56,613,238 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 126 44,601 Other 752 18,802 167,937 Total Issues $ 319,645 $ 6,180,610 $ 62,644,382 (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 $ 522,016 $ 4,194,944 Notes 92,666 283,016 1,262,873 Bonds 0 15,559 34,350 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 43 995 8,547 Government Account Series 226,431 5,336,950 56,648,775 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 10 3,393 54,296 Other 759 18,868 168,101 Total Redemptions $ 319,908 $ 6,180,798 $ 62,371,885 Net Change in Public Debt Outstanding $ -263 $ -187 $ 272,497 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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) $ 319,645 $ 6,180,610 $ 62,644,382 Premium on New Issues 0 5 775 Discount on New Issues: Bills (-) 0 1,384 8,125 Bonds and Notes (-) 359 880 8,119 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 207,833 5,308,239 56,613,238 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 467 3,684 Inflation-Protected Securities Increment 33 1,364 16,043 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 111,418 $ 868,281 $ 5,995,948 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 319,908 $ 6,180,798 $ 62,371,885 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 (-) 226,431 5,336,950 56,648,094 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 93,477 $ 843,848 $ 5,723,791 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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 $ 14,298,976 $ 14,312,802 $ 14,293,345 $ 14,173,424 Intragovernmental Holdings 5,546,965 5,533,403 5,552,785 5,400,021 Total Public Debt Outstanding 19,845,942 19,846,205 19,846,129 19,573,445 Less: Debt Not Subject to Limit: Other Debt 482 482 482 482 Unamortized Discount 23,689 23,952 23,876 21,483 Federal Financing Bank 13,024 13,024 13,024 13,024 Hope Bonds 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 19,808,747 $ 19,808,747 $ 19,808,747 $ 19,538,456 Statutory Debt Limit $ 19,808,772 $ 19,808,772 $ 19,808,772 * *Statutory debt limit temporarily suspended through March 15, 2017 As of March 16, 2017 the debt limit was increased to $19,808,772,381,624.74. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday, May 31, 2017 (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 $ 6,167 $ 197,550 $ 1,622,237 Individual Income Taxes 119 2,836 98,018 Railroad Retirement Taxes 49 538 4,004 Excise Taxes 20 6,727 51,273 Corporation Income Taxes 213 11,007 186,794 Federal Unemployment Taxes 7 2,561 7,417 Estate and Gift Taxes & Misc IRS Rcpts. 0 101 2,344 Total $ 6,576 $ 221,319 $ 1,972,086 Cash Federal Tax Deposits: Direct $ 31 $ 2,676 $ 21,168 Through Depositaries 6,172 211,111 1,885,832 Total Cash FTD's $ 6,202 $ 213,787 $ 1,907,000 Inter-agency Transfers 373 7,533 65,086 Total $ 6,576 $ 221,319 $ 1,972,086 ___________________________________________________________________________________________ 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 Wednesday, May 31, 2017 (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) $ 7 $ 4,129 $ 28,198 IRS Tax Refunds Business (EFT) 49 2,101 15,733 IRS Tax Refunds Individual (Checks) 54 1/ 8,730 1/ 56,045 IRS Tax Refunds Individual (EFT) 101 1/ 11,518 1/ 254,735 1/Does not include $441 million offset by Fiscal Service for the month of May 2017 and $5,555 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.