1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (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 $ 1,193,614 $ 1,198,455 $ 1,180,035 $ 382,483 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 1,193,614 $ 1,198,455 $ 1,180,035 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (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) $ 15 $ 139 $ 4,836 Air Transport Security Fees 0 2 2,341 Cash FTD's Received (Table IV) 6,099 57,405 1,757,100 Commodity Credit Corporation programs 27 292 6,532 Customs and Certain Excise Taxes 102 576 52,799 Deposits by States: Supplemental Security Income 0 2 2,074 Unemployment 166 10,799 25,957 Dept of Commerce (DOC) 9 79 2,338 Dept of Education (ED) 142 817 43,965 Dept of Energy (DOE) 4 45 4,539 Dept of Health & Human Serv (HHS) - Misc 84 1,132 1,892 HHS - Marketplace Receipts 0 0 5 HHS - Medicare Premiums 259 654 23,805 Dept of Veterans Affairs (VA) 32 188 4,846 Estate and Gift Taxes 0 64 9,576 Federal Reserve Earnings 0 1,933 42,947 Foreign Military Sales Program 3 2,706 27,697 General Services Administration (GSA) 2 33 848 Housing and Urban Development programs 1 38 1,763 Individual Income and Employment Taxes, Not Withheld 176 2,149 152,214 Interest recd from cash investments 0 0 0 Justice Department programs 8 295 13,075 Postal Service 354 2,368 56,926 Public Debt Cash Issues (Table III-B) 1,183 452,211 9,623,604 Other Deposits: Federal Housing Admin: Note Sales 72 838 12,462 National Credit Union Administration 187 432 2,316 Thrift Savings Plan Transfer 761 4,291 62,708 Total Other Deposits 1,019 5,973 129,541 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 9,687 539,903 11,991,219 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 9,687 $ 539,903 $ 11,991,219 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ This Fiscal Withdrawals Today month year to date to date ___________________________________________________________________________________________ Federal Reserve Account: Air Carrier Worker Support 0 0 12,363 Commodity Credit Corporation programs 20 111 19,873 Coronavirus Relief Fund 144 4,476 144,035 Defense Vendor Payments (EFT) 1,088 6,605 224,778 Dept of Commerce (DOC) 84 271 6,279 Dept of Education (ED) 731 3,493 108,514 Dept of Energy (DOE) 162 815 24,398 Dept of Health & Human Serv (HHS) - Misc 1/-57 192 4,185 HHS - Centers for Disease Control (CDC) 26 205 4,697 HHS - Federal Hospital Insr Trust Fund 491 14,170 265,082 HHS - Federal Supple Med Insr Trust Fund 479 17,284 266,779 HHS - Grants to States for Medicaid 1,469 15,093 266,425 HHS - Health Resources & Services Admin 151 22,243 68,007 HHS - Indian Health Service 24 112 5,097 HHS - Marketplace Payments 0 0 36,257 HHS - Medicare Prescription Drugs 15 7,736 57,956 HHS - National Institutes of Health 265 846 19,970 HHS - Other Public Health Services 38 166 4,446 HHS - Othr Admin for Children & Families 106 516 14,430 HHS - Othr Cent Medicare & Medicaid Serv 132 932 16,531 HHS - Payments to States 63 1,724 13,790 HHS - Temp Assistance for Needy Families 9 211 10,341 Dept of Veterans Affairs (VA) 202 1,419 38,492 VA - Benefits 48 9,231 73,841 ESF - Economic Recovery Programs 0 0 10,000 Federal Employees Insurance Payments 723 1,943 52,521 Fed. Highway Administration programs 132 1,357 26,329 Federal Salaries (EFT) 45 7,329 119,186 Food and Nutrition Service (misc) 100 620 19,166 General Services Administration (GSA) 58 893 16,363 Housing and Urban Development programs 145 4,360 45,321 Interest on Treasury Securities 0 59 172,217 IRS Tax Refunds Business (EFT) 0 170 12,863 IRS Tax Refunds Individual (EFT) 200 13,751 412,229 Justice Department programs 121 493 13,369 Labor Dept. prgms (excl. unemployment) 35 219 8,883 NASA 63 460 11,744 Postal Service Money Orders and Other 190 1,128 25,534 Public Debt Cash Redemp. (Table III-B) 1,162 289,290 7,274,164 Social Security Benefits (EFT) 63 22,817 580,791 Supple. Nutrition Assist. Program (SNAP) 317 2,122 40,711 Transportation Security Admin. (DHS) 3 29 1,367 Unemployment Insurance Benefits 2,125 24,058 89,140 Other Withdrawals: Agriculture 55 388 10,173 Emergency Prep & Response (DHS) 94 410 9,322 Small Business Administration 485 5,156 19,991 State Department 81 350 10,231 Thrift Savings Plan Transfer 167 2,428 44,388 Unclassified 2,476 16,449 176,504 Total, Other Withdrawals 3,357 47,374 541,625 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 14,528 526,324 11,180,089 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 14,528 $ 526,324 $ 11,180,089 Net Change in Operating Cash Balance $ -4,842 $ 13,579 $ 811,130 1/Reported as a negative amount due to a return/reversal of $75 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (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 $ 288,071 $ 6,290,846 Cash Management Series 0 155,000 1,330,008 Notes 0 0 1,623,528 Bonds 0 0 145,026 Inflation-Protected Securities Increment -105 -598 11,758 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 1 12 518 Interest Increment 1 376 3,565 Government Account Series 401,418 2,504,250 61,811,902 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 48 1,415 79,694 Other 1,134 7,834 167,453 Total Issues $ 402,497 $ 2,956,361 $ 71,464,297 Stated at face value except for savings and retirement plan securities which are stated at current redemption value. ___________________________________________________________________________________________ This Fiscal Redemptions Today month year to date to date ___________________________________________________________________________________________ Marketable: Bills $ 0 $ 279,399 $ 5,832,366 Notes 0 0 1,207,984 Bonds 0 0 9,477 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 20 156 6,104 Government Account Series 390,629 2,488,136 61,756,429 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 5 1,920 46,750 Other 1,137 7,815 166,960 Total Redemptions $ 391,791 $ 2,777,426 $ 69,030,593 Net Change in Public Debt Outstanding $ 10,706 $ 178,935 $ 2,433,705 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (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) $ 402,497 $ 2,956,361 $ 71,464,297 Premium on New Issues 0 0 10,254 Discount on New Issues: Bills (-) 0 122 18,679 Bonds and Notes (-) 0 0 5,188 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 401,418 2,504,250 61,811,902 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 376 3,565 Inflation-Protected Securities Increment -105 -598 11,613 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,183 $ 452,211 $ 9,623,604 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 391,791 $ 2,777,426 $ 69,030,593 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 (-) 390,629 2,488,136 61,756,429 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,162 $ 289,290 $ 7,274,164 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 8, 2020 (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 $ 19,219,017 $ 19,218,562 $ 19,053,619 $ 16,809,092 Intragovernmental Holdings 5,934,089 5,923,838 5,920,553 5,910,309 Total Public Debt Outstanding 25,153,106 25,142,400 24,974,172 22,719,402 Less: Debt Not Subject to Limit: Other Debt 479 479 479 479 Unamortized Discount 20,273 20,344 20,740 23,497 Federal Financing Bank 8,809 8,809 8,809 8,809 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 $ 25,123,546 $ 25,112,769 $ 24,944,144 $ 22,686,617 Statutory Debt Limit SUSP-1 SUSP-1 SUSP-1 SUSP-1 SUSP-1 - Statutory debt limit temporarily suspended through July 31, 2021. 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 8, 2020 (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 $ 6,170 $ 61,181 $ 1,596,518 Individual Income Taxes 170 1,224 69,069 Railroad Retirement Taxes 38 107 3,466 Excise Taxes 38 103 42,984 Corporation Income Taxes 42 186 107,260 Federal Unemployment Taxes 3 95 5,620 Estate and Gift Taxes & Misc IRS Rcpts. 7 19 782 Total $ 6,467 $ 62,915 $ 1,825,698 Cash Federal Tax Deposits: Direct $ 25 $ 250 $ 14,964 Through Depositaries 6,074 57,155 1,742,137 Total Cash FTD's $ 6,099 $ 57,405 $ 1,757,100 Inter-agency Transfers 368 5,510 68,598 Total $ 6,467 $ 62,915 $ 1,825,698 ___________________________________________________________________________________________ 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 8, 2020 (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) $ 9 $ 390 $ 26,339 IRS Tax Refunds Business (EFT) 0 170 12,863 IRS Tax Refunds Individual (Checks) 6,440 20,893 73,674 IRS Tax Refunds Individual (EFT) 200 13,751 412,229 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 https://fiscal.treasury.gov/reports-statements/dts/. For more information, call the Cash Reporting Branch at 202-874-9789.