1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, May 15, 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 $ 1,185,006 $ 1,206,011 $ 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 $ 1,185,006 $ 1,206,011 $ 1,180,035 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, May 15, 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) $ 14 $ 221 $ 4,918 Cash FTD's Received (Table IV) 10,067 93,164 1,792,859 Commodity Credit Corporation programs 42 465 6,705 Deposits by States: Supplemental Security Income 0 3 2,075 Unemployment 119 11,467 26,625 Dept of Commerce (DOC) 16 155 2,413 Dept of Education (ED) 122 1,434 44,582 Dept of Energy (DOE) 14 100 4,594 Dept of Health & Human Serv (HHS) - Misc 42 1,316 2,076 HHS - Marketplace Receipts 0 0 5 HHS - Medicare Premiums 188 994 24,145 Dept of Homeland Security (DHS) - misc 15 162 2,933 DHS - Customs and Certain Excise Taxes 89 1,067 53,290 DHS - Fed Emergency Mgmt Agency (FEMA) 10 155 1,654 DHS - Transportation Security Admn (TSA) 0 4 2,343 Dept of Veterans Affairs (VA) 182 484 5,142 Environmental Protection Agency (EPA) 2 14 237 Estate and Gift Taxes 66 286 9,798 Federal Reserve Earnings 0 3,962 44,976 Foreign Military Sales Program 6 3,062 28,053 General Services Administration (GSA) 2 49 863 Housing and Urban Development programs 26 90 1,815 Individual Income and Employment Taxes, Not Withheld 129 4,216 154,280 Interest recd from cash investments 0 0 0 Justice Department programs 4 347 13,127 National Science Foundation (NSF) 0 1 43 Postal Service 299 4,085 58,642 Public Debt Cash Issues (Table III-B) 146,621 1,055,420 10,226,813 Small Business Administration (SBA) 19 127 1,945 Other Deposits: FCC - Universal Service Fund 112 573 5,649 Thrift Savings Plan Transfer 72 6,284 64,701 Total Other Deposits 184 8,490 132,059 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 158,280 1,191,340 12,649,011 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 158,280 $ 1,191,340 $ 12,649,011 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, May 15, 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 13 179 19,941 Coronavirus Relief Fund 55 4,725 144,283 Defense Vendor Payments (EFT) 1,382 14,715 232,888 Dept of Commerce (DOC) 63 456 6,463 Dept of Education (ED) 603 6,822 111,843 Dept of Energy (DOE) 169 1,543 25,126 Dept of Health & Human Serv (HHS) - Misc 87 395 4,388 HHS - Centers for Disease Control (CDC) 28 345 4,836 HHS - Federal Hospital Insr Trust Fund 496 16,793 267,705 HHS - Federal Supple Med Insr Trust Fund 512 19,962 269,456 HHS - Grants to States for Medicaid 1,267 25,985 277,316 HHS - Health Resources & Services Admin 33 22,895 68,659 HHS - Indian Health Service 10 186 5,171 HHS - Marketplace Payments 0 0 36,257 HHS - Medicare Prescription Drugs 20 7,756 57,976 HHS - National Institutes of Health 144 1,462 20,586 HHS - Other Public Health Services 20 304 4,584 HHS - Othr Admin for Children & Families 90 869 14,784 HHS - Othr Cent Medicare & Medicaid Serv 204 1,651 17,250 HHS - Payments to States 143 3,137 15,203 HHS - Temp Assistance for Needy Families 20 618 10,749 Dept of Homeland Security (DHS) - misc 60 527 8,255 DHS - Customs & Border Protection (CBP) 14 209 3,635 DHS - Fed Emergency Mgmt Agency (FEMA) 30 779 9,691 DHS - Transportation Security Admn (TSA) 4 107 1,444 Dept of Veterans Affairs (VA) 140 2,315 39,388 VA - Benefits 51 9,483 74,093 Environmental Protection Agency (EPA) 17 200 4,171 ESF - Economic Recovery Programs 0 37,500 47,500 Federal Employees Insurance Payments 193 3,188 53,765 Fed. Highway Administration programs 299 2,202 27,174 Federal Salaries (EFT) 3,853 11,395 123,251 Food and Nutrition Service (misc) 83 1,056 19,602 General Services Administration (GSA) 88 1,236 16,705 Housing and Urban Development programs 112 4,873 45,834 Interest on Treasury Securities 40,791 40,851 213,008 IRS Tax Refunds Business (EFT) 34 208 12,902 IRS Tax Refunds Individual (EFT) 6,684 30,920 429,399 Justice Department programs 87 905 13,781 Labor Dept. prgms (excl. unemployment) 56 469 9,132 NASA 57 794 12,078 National Science Foundation (NSF) 33 264 4,147 Postal Service Money Orders and Other 134 1,822 26,228 Public Debt Cash Redemp. (Table III-B) 111,013 736,949 7,721,823 Small Business Administration (SBA) 664 9,717 24,553 Social Security Benefits (EFT) 51 42,637 600,611 Supple. Nutrition Assist. Program (SNAP) 344 4,483 43,072 Unemployment Insurance Benefits 2,356 48,506 113,589 Other Withdrawals: Agency for Internat'l Development 58 1,058 11,436 Federal Transit Admin. 536 1,735 9,232 Interior 67 547 7,749 International Monetary Fund 98 2,104 4,988 Military Active Duty Pay (EFT) 3,261 7,321 57,408 State Department 88 668 10,548 Thrift Savings Plan Transfer 404 3,113 45,073 Unclassified 2,166 24,085 147,740 Total, Other Withdrawals 6,679 61,820 519,671 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 179,284 1,186,368 11,846,488 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 179,284 $ 1,186,368 $ 11,846,488 Net Change in Operating Cash Balance $ -21,004 $ 4,972 $ 802,523 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, May 15, 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 $ 572,406 $ 6,575,180 Cash Management Series 0 320,003 1,495,011 Notes 113,135 113,135 1,736,663 Bonds 33,635 33,635 178,660 Inflation-Protected Securities Increment -103 -1,332 11,024 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 20 526 Interest Increment 1 382 3,571 Government Account Series 395,237 4,479,062 63,786,714 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 29 3,223 81,501 Other 1,138 14,584 174,203 Total Issues $ 543,073 $ 5,535,117 $ 74,043,054 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 $ 610,060 $ 6,163,027 Notes 100,148 100,148 1,308,133 Bonds 7,582 7,582 17,060 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 18 255 6,203 Government Account Series 394,013 4,466,728 63,735,021 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 2,129 4,333 49,163 Other 1,136 14,569 173,715 Total Redemptions $ 505,026 $ 5,203,677 $ 71,456,844 Net Change in Public Debt Outstanding $ 38,047 $ 331,440 $ 2,586,210 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, May 15, 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) $ 543,073 $ 5,535,117 $ 74,043,054 Premium on New Issues 0 0 10,254 Discount on New Issues: Bills (-) 0 267 18,824 Bonds and Notes (-) 1,317 1,317 6,506 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 395,237 4,479,062 63,786,714 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 382 3,571 Inflation-Protected Securities Increment -103 -1,332 10,880 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 146,621 $ 1,055,420 $ 10,226,813 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 505,026 $ 5,203,677 $ 71,456,844 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 (-) 394,013 4,466,728 63,735,021 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 111,013 $ 736,949 $ 7,721,823 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, May 15, 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 $ 19,377,052 $ 19,340,395 $ 19,053,619 $ 16,809,092 Intragovernmental Holdings 5,928,559 5,927,170 5,920,553 5,910,309 Total Public Debt Outstanding 25,305,612 25,267,565 24,974,172 22,719,402 Less: Debt Not Subject to Limit: Other Debt 479 479 479 479 Unamortized Discount 19,928 19,995 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 $ 25,276,396 $ 25,238,282 $ 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 15, 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 $ 9,141 $ 94,242 $ 1,629,579 Individual Income Taxes 464 2,439 70,284 Railroad Retirement Taxes 15 189 3,548 Excise Taxes 81 1,327 44,208 Corporation Income Taxes 1,097 1,809 108,883 Federal Unemployment Taxes 4 107 5,632 Estate and Gift Taxes & Misc IRS Rcpts. 213 248 1,010 Total $ 11,014 $ 100,361 $ 1,863,144 Cash Federal Tax Deposits: Direct $ 18 $ 433 $ 15,147 Through Depositaries 10,049 92,731 1,777,712 Total Cash FTD's $ 10,067 $ 93,164 $ 1,792,859 Inter-agency Transfers 947 7,197 70,285 Total $ 11,014 $ 100,361 $ 1,863,144 ___________________________________________________________________________________________ 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 15, 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) $ 12 $ 1,096 $ 27,045 IRS Tax Refunds Business (EFT) 34 208 12,902 IRS Tax Refunds Individual (Checks) 11,940 33,130 85,912 IRS Tax Refunds Individual (EFT) 6,684 30,920 429,399 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.