1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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 $ 232,874 $ 233,808 $ 422,586 $ 384,713 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 232,874 $ 233,808 $ 422,586 $ 384,713 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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) $ 36 $ 406 $ 5,990 Air Transport Security Fees 237 390 2,947 Cash FTD's Received (Table IV) 9,207 210,926 1,997,840 Commodity Credit Corporation programs 111 913 6,181 Customs and Certain Excise Taxes 108 6,218 53,165 Deposits by States: Supplemental Security Income 3 92 2,158 Unemployment 15 11,504 27,725 Education Department programs 147 5,822 45,803 Energy Department programs 8 565 5,563 Estate and Gift Taxes 12 853 11,022 Federal Reserve Earnings 0 5,860 35,303 Foreign Military Sales Program 9 1,275 25,341 Housing and Urban Development programs 4 208 1,785 Individual Income and Employment Taxes, Not Withheld 165 8,931 349,998 Interest recd from cash investments 0 0 0 Justice Department programs 9 646 9,864 Postal Service 300 7,389 62,721 Public Debt Cash Issues (Table III-B) 157,834 1,034,950 8,001,416 Other Deposits: Gas and Oil Lease Sales Proceeds 693 976 7,555 Medicare Premiums 91 3,353 25,378 Natl Railroad Retirement Inv Trust 176 176 1,337 Thrift Savings Plan Transfer 87 3,279 25,010 Total Other Deposits 1,047 10,903 106,104 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 169,253 1,307,849 10,750,925 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 169,253 $ 1,307,849 $ 10,750,925 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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 $ 16 $ 360 $ 18,826 Defense Vendor Payments (EFT) 830 28,340 227,775 Education Department programs 552 11,171 117,888 Energy Department programs 346 3,354 25,002 Federal Employees Insurance Payments 272 7,141 55,344 Fed. Highway Administration programs 238 4,003 26,488 Federal Salaries (EFT) 3,983 18,779 128,002 Food and Nutrition Service (misc) 109 2,775 21,172 GSA programs 73 2,009 14,980 Health and Human Services Grants (misc) 469 10,210 78,799 Housing and Urban Development programs 149 6,028 48,008 Interest on Treasury Securities 9,169 48,171 214,130 IRS Tax Refunds Business (EFT) 6 4,419 21,421 IRS Tax Refunds Individual (EFT) 70 11,348 253,308 Justice Department programs 5 1,802 14,434 Labor Dept. prgms (excl. unemployment) 45 1,349 9,597 Medicaid 1,133 34,878 265,039 Medicare and Other CMS Payments 1,604 38,119 284,224 Medicare Advantage - Part C&D Payments 34,145 70,438 259,880 Marketplace Payments 0 4,088 39,049 NASA programs 0 1,611 12,066 Postal Service Money Orders and Other 425 3,553 28,556 Public Debt Cash Redemp. (Table III-B) 93,874 993,665 7,416,998 Social Security Benefits (EFT) 1/ -2 77,582 608,880 Supple. Nutrition Assist. Program (SNAP) 97 5,139 43,017 Temporary Assistance for Needy Families (HHS) 24 1,208 10,397 Transportation Security Admin. (DHS) 7 224 1,596 Unemployment Insurance Benefits 46 2,079 19,842 Veterans Affairs programs 614 5,982 44,337 Other Withdrawals: Federal Transit Admin. 89 1,023 7,361 Interior 56 991 6,556 Military Active Duty Pay (EFT) 3,830 10,954 59,831 Military Retirement (EFT) 4,275 8,906 41,007 Pension Benefit Guaranty Corp. 482 536 4,215 Supple. Security Income Benefits (EFT) 4,329 8,892 40,664 Thrift Savings Plan Transfer 187 3,131 44,639 Veterans Benefits (EFT) 7,760 15,905 71,335 Unclassified 876 29,916 193,881 Total, Other Withdrawals 21,885 97,737 593,709 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 170,187 1,497,561 10,902,763 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 170,187 $ 1,497,561 $ 10,902,763 Net Change in Operating Cash Balance $ -934 $ -189,711 $ -151,838 1/Reported as a negative amount due to a return/reversal of $2 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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 $ 729,930 $ 5,768,033 Cash Management Series 0 20,000 123,001 Notes 156,911 244,052 1,815,379 Bonds 0 25,472 164,302 Inflation-Protected Securities Increment 333 7,866 12,305 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 58 618 Interest Increment 2 465 3,896 Government Account Series 194,942 5,064,713 55,678,094 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 121 22,010 Other 672 20,463 148,874 Total Issues $ 352,863 $ 6,113,139 $ 63,736,511 (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 $ 779,977 $ 5,777,024 Notes 93,140 187,004 1,422,525 Bonds 0 0 20,266 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 35 917 7,570 Government Account Series 259,990 5,120,718 55,809,150 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 26 5,306 40,917 Other 672 20,462 148,694 Total Redemptions $ 353,864 $ 6,114,383 $ 63,226,145 Net Change in Public Debt Outstanding $ -1,000 $ -1,244 $ 510,366 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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) $ 352,863 $ 6,113,139 $ 63,736,511 Premium on New Issues 350 350 4,187 Discount on New Issues: Bills (-) 0 4,795 38,143 Bonds and Notes (-) 183 782 7,309 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 194,942 5,064,713 55,678,094 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 465 3,896 Inflation-Protected Securities Increment 251 7,784 11,841 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 157,834 $ 1,034,950 $ 8,001,416 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 353,864 $ 6,114,383 $ 63,226,145 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 -2 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 259,990 5,120,718 55,809,150 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 93,874 $ 993,665 $ 7,416,998 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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 $ 16,202,283 $ 16,167,857 $ 16,192,789 $ 15,761,155 Intragovernmental Holdings 5,824,141 5,859,567 5,834,879 5,754,904 Total Public Debt Outstanding 22,026,424 22,027,424 22,027,668 21,516,058 Less: Debt Not Subject to Limit: Other Debt 480 480 480 480 Unamortized Discount 27,924 28,925 29,169 30,390 Federal Financing Bank 10,339 10,339 10,339 10,339 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 $ 21,987,681 $ 21,987,681 $ 21,987,681 $ 21,474,848 Statutory Debt Limit $ 21,987,706 $ 21,987,706 $ 21,987,706 * *Statutory debt limit was temporarily suspended from February 9, 2018, through March 1, 2019. As of March 2, 2019, the debt limit was increased to $21,987,705,611,407.70. Unamortized Discount represents the discount adj. on Treasury bills and zero-coupon bonds. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday, May 31, 2019 (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 $ 9,958 $ 203,357 $ 1,693,190 Individual Income Taxes 142 3,691 155,645 Railroad Retirement Taxes 34 519 4,136 Excise Taxes 63 7,316 65,035 Corporation Income Taxes 54 5,613 141,363 Federal Unemployment Taxes 3 94 5,645 Estate and Gift Taxes & Misc IRS Rcpts. 3 60 985 Total $ 10,257 $ 220,650 $ 2,065,998 Cash Federal Tax Deposits: Direct $ 80 $ 2,564 $ 18,964 Through Depositaries 9,126 208,361 1,978,876 Total Cash FTD's $ 9,207 $ 210,926 $ 1,997,840 Inter-agency Transfers 1,050 9,725 68,157 Total $ 10,257 $ 220,650 $ 2,065,998 ___________________________________________________________________________________________ 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, May 31, 2019 (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) $ 52 $ 3,456 $ 28,062 IRS Tax Refunds Business (EFT) 6 4,419 21,421 IRS Tax Refunds Individual (Checks) 52 2/ 7,614 2/ 52,493 IRS Tax Refunds Individual (EFT) 70 2/ 11,348 2/ 253,308 2/Does not include $539 million offset by Fiscal Service for the month of May 2019 and $7,289 million for the fiscal year-to-date for 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 Reporting Branch at 202-874-9789.