1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, May 14, 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 $ 1,206,011 $ 1,138,172 $ 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 $ 1,206,011 $ 1,138,172 $ 1,180,035 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, May 14, 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) $ 12 $ 207 $ 4,904 Cash FTD's Received (Table IV) 3,593 83,096 1,782,792 Commodity Credit Corporation programs 41 424 6,663 Deposits by States: Supplemental Security Income 0 3 2,075 Unemployment 124 11,348 26,506 Dept of Commerce (DOC) 15 139 2,398 Dept of Education (ED) 81 1,312 44,460 Dept of Energy (DOE) 3 85 4,579 Dept of Health & Human Serv (HHS) - Misc 56 1,274 2,034 HHS - Marketplace Receipts 0 0 5 HHS - Medicare Premiums 77 806 23,957 Dept of Homeland Security (DHS) - misc 17 147 2,918 DHS - Customs and Certain Excise Taxes 133 978 53,201 DHS - Fed Emergency Mgmt Agency (FEMA) 12 145 1,644 DHS - Transportation Security Admn (TSA) 0 4 2,342 Dept of Veterans Affairs (VA) 24 303 4,961 Environmental Protection Agency (EPA) 2 12 236 Estate and Gift Taxes 148 220 9,732 Federal Reserve Earnings 0 3,962 44,976 Foreign Military Sales Program 122 3,056 28,047 General Services Administration (GSA) 5 47 861 Housing and Urban Development programs 4 64 1,789 Individual Income and Employment Taxes, Not Withheld 250 4,087 154,151 Interest recd from cash investments 0 0 0 Justice Department programs 9 343 13,123 National Science Foundation (NSF) 0 1 43 Postal Service 325 3,786 58,343 Public Debt Cash Issues (Table III-B) 229,856 908,799 10,080,192 Small Business Administration (SBA) 13 107 1,926 Other Deposits: Total Other Deposits 0 8,306 131,875 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 234,922 1,033,060 12,490,731 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 234,922 $ 1,033,060 $ 12,490,731 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, May 14, 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 0 158 12,521 Commodity Credit Corporation programs 13 166 19,928 Coronavirus Relief Fund 0 4,670 144,228 Defense Vendor Payments (EFT) 1,453 13,333 231,506 Dept of Commerce (DOC) 38 393 6,401 Dept of Education (ED) 630 6,218 111,239 Dept of Energy (DOE) 200 1,375 24,958 Dept of Health & Human Serv (HHS) - Misc 13 308 4,301 HHS - Centers for Disease Control (CDC) 12 317 4,808 HHS - Federal Hospital Insr Trust Fund 505 16,297 267,209 HHS - Federal Supple Med Insr Trust Fund 516 19,449 268,944 HHS - Grants to States for Medicaid 2,654 24,718 276,050 HHS - Health Resources & Services Admin 487 22,862 68,626 HHS - Indian Health Service 18 176 5,161 HHS - Marketplace Payments 0 0 36,257 HHS - Medicare Prescription Drugs 0 7,736 57,956 HHS - National Institutes of Health 129 1,318 20,442 HHS - Other Public Health Services 23 284 4,564 HHS - Othr Admin for Children & Families 62 779 14,694 HHS - Othr Cent Medicare & Medicaid Serv 86 1,447 17,045 HHS - Payments to States 136 2,993 15,060 HHS - Temp Assistance for Needy Families 223 599 10,729 Dept of Homeland Security (DHS) - misc 44 467 8,194 DHS - Customs & Border Protection (CBP) 21 195 3,621 DHS - Fed Emergency Mgmt Agency (FEMA) 27 750 9,661 DHS - Transportation Security Admn (TSA) 13 103 1,440 Dept of Veterans Affairs (VA) 203 2,175 39,248 VA - Benefits 62 9,433 74,043 Environmental Protection Agency (EPA) 10 183 4,155 ESF - Economic Recovery Programs 0 37,500 47,500 Federal Employees Insurance Payments 352 2,994 53,572 Fed. Highway Administration programs 196 1,903 26,876 Federal Salaries (EFT) 45 7,541 119,398 Food and Nutrition Service (misc) 62 973 19,519 General Services Administration (GSA) 86 1,148 16,618 Housing and Urban Development programs 85 4,761 45,722 Interest on Treasury Securities 0 59 172,217 IRS Tax Refunds Business (EFT) 1 175 12,868 IRS Tax Refunds Individual (EFT) 183 24,236 422,715 Justice Department programs 77 818 13,694 Labor Dept. prgms (excl. unemployment) 71 413 9,077 NASA 85 738 12,021 National Science Foundation (NSF) 22 230 4,114 Postal Service Money Orders and Other 121 1,688 26,094 Public Debt Cash Redemp. (Table III-B) 150,936 625,936 7,610,810 Small Business Administration (SBA) 832 9,053 23,889 Social Security Benefits (EFT) 52 42,586 600,560 Supple. Nutrition Assist. Program (SNAP) 386 4,139 42,728 Unemployment Insurance Benefits 3,087 46,151 111,233 Other Withdrawals: Agriculture Loan Payments (misc) 53 337 5,470 Federal Transit Admin. 555 1,198 8,696 Interior 96 480 7,682 Thrift Savings Plan Transfer 137 2,709 44,669 Unclassified 1,984 21,919 145,574 Total, Other Withdrawals 2,824 55,141 512,992 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 167,083 1,007,084 11,667,204 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 167,083 $ 1,007,084 $ 11,667,204 Net Change in Operating Cash Balance $ 67,839 $ 25,976 $ 823,528 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, May 14, 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 $ 127,939 $ 572,406 $ 6,575,180 Cash Management Series 100,002 320,003 1,495,011 Notes 0 0 1,623,528 Bonds 0 0 145,026 Inflation-Protected Securities Increment -106 -1,228 11,128 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 19 524 Interest Increment 2 381 3,570 Government Account Series 394,747 4,083,825 63,391,478 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 451 3,194 81,472 Other 1,556 13,446 173,064 Total Issues $ 624,592 $ 4,992,044 $ 73,499,981 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 $ 149,261 $ 610,060 $ 6,163,027 Notes 0 0 1,207,984 Bonds 0 0 9,478 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 19 238 6,185 Government Account Series 394,849 4,072,715 63,341,008 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 115 2,204 47,034 Other 1,540 13,434 172,579 Total Redemptions $ 545,785 $ 4,698,651 $ 70,951,818 Net Change in Public Debt Outstanding $ 78,807 $ 293,393 $ 2,548,163 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, May 14, 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) $ 624,592 $ 4,992,044 $ 73,499,981 Premium on New Issues 0 0 10,254 Discount on New Issues: Bills (-) 93 267 18,824 Bonds and Notes (-) 0 0 5,188 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 394,747 4,083,825 63,391,478 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 381 3,570 Inflation-Protected Securities Increment -106 -1,228 10,983 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 229,856 $ 908,799 $ 10,080,192 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 545,785 $ 4,698,651 $ 70,951,818 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 (-) 394,849 4,072,715 63,341,008 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 150,936 $ 625,936 $ 7,610,810 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, May 14, 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 $ 19,340,395 $ 19,261,307 $ 19,053,619 $ 16,809,092 Intragovernmental Holdings 5,927,170 5,927,450 5,920,553 5,910,309 Total Public Debt Outstanding 25,267,565 25,188,758 24,974,172 22,719,402 Less: Debt Not Subject to Limit: Other Debt 479 479 479 479 Unamortized Discount 19,995 19,973 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 $ 25,238,282 $ 25,159,498 $ 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 Thursday, May 14, 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 $ 2,159 $ 85,101 $ 1,620,438 Individual Income Taxes 158 1,975 69,820 Railroad Retirement Taxes 4 175 3,533 Excise Taxes 882 1,247 44,128 Corporation Income Taxes 409 711 107,786 Federal Unemployment Taxes 2 103 5,628 Estate and Gift Taxes & Misc IRS Rcpts. 3 34 797 Total $ 3,616 $ 89,346 $ 1,852,129 Cash Federal Tax Deposits: Direct $ 68 $ 415 $ 15,129 Through Depositaries 3,525 82,682 1,767,663 Total Cash FTD's $ 3,593 $ 83,096 $ 1,782,792 Inter-agency Transfers 23 6,250 69,338 Total $ 3,616 $ 89,346 $ 1,852,129 ___________________________________________________________________________________________ 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, May 14, 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) $ 33 $ 1,084 $ 27,033 IRS Tax Refunds Business (EFT) 1 175 12,868 IRS Tax Refunds Individual (Checks) 100 21,190 73,971 IRS Tax Refunds Individual (EFT) 183 24,236 422,715 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.