1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, May 18, 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 $ 1,188,332 $ 1,185,006 $ 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 $ 1,188,332 $ 1,185,006 $ 1,180,035 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, May 18, 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 $ 235 $ 4,932 Cash FTD's Received (Table IV) 22,886 116,050 1,815,745 Commodity Credit Corporation programs 34 499 6,739 Deposits by States: Supplemental Security Income 0 4 2,076 Unemployment 61 11,528 26,686 Dept of Commerce (DOC) 11 165 2,424 Dept of Education (ED) 157 1,592 44,740 Dept of Energy (DOE) 7 106 4,600 Dept of Health & Human Serv (HHS) - Misc 193 1,509 2,269 HHS - Marketplace Receipts 0 0 5 HHS - Medicare Premiums 279 1,274 24,424 Dept of Homeland Security (DHS) - misc 17 179 2,950 DHS - Customs and Certain Excise Taxes 104 1,171 53,393 DHS - Fed Emergency Mgmt Agency (FEMA) 14 169 1,668 DHS - Transportation Security Admn (TSA) 1 5 2,343 Dept of Veterans Affairs (VA) 26 510 5,168 Environmental Protection Agency (EPA) 1 15 238 Estate and Gift Taxes 1/-82 204 9,717 Federal Reserve Earnings 0 3,962 44,976 Foreign Military Sales Program 8 3,070 28,061 General Services Administration (GSA) 4 53 867 Housing and Urban Development programs 7 97 1,822 Individual Income and Employment Taxes, Not Withheld 392 4,608 154,672 Interest recd from cash investments 0 0 0 Justice Department programs 9 356 13,136 National Science Foundation (NSF) 0 1 43 Postal Service 399 4,484 59,042 Public Debt Cash Issues (Table III-B) 1,151 1,056,571 10,227,964 Small Business Administration (SBA) 8 135 1,954 Other Deposits: Federal Employees Insurance Receipt 61 254 1,993 Overseas Private Investment Co. 64 108 631 Total Other Deposits 125 8,615 132,184 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 25,827 1,217,166 12,674,838 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 25,827 $ 1,217,166 $ 12,674,838 1/Reported as a negative amount due to a return/reversal of $84 million. 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, May 18, 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 8 186 19,948 Coronavirus Relief Fund 0 4,725 144,283 Defense Vendor Payments (EFT) 1,771 16,485 234,659 Dept of Commerce (DOC) 28 484 6,491 Dept of Education (ED) 543 7,364 112,385 Dept of Energy (DOE) 76 1,619 25,203 Dept of Health & Human Serv (HHS) - Misc 83 477 4,471 HHS - Centers for Disease Control (CDC) 26 371 4,862 HHS - Federal Hospital Insr Trust Fund 530 17,323 268,235 HHS - Federal Supple Med Insr Trust Fund 570 20,532 270,026 HHS - Grants to States for Medicaid 878 26,862 278,194 HHS - Health Resources & Services Admin 26 22,921 68,685 HHS - Indian Health Service 17 203 5,188 HHS - Marketplace Payments 0 0 36,257 HHS - Medicare Prescription Drugs 0 7,756 57,976 HHS - National Institutes of Health 65 1,526 20,650 HHS - Other Public Health Services 17 321 4,600 HHS - Othr Admin for Children & Families 61 930 14,844 HHS - Othr Cent Medicare & Medicaid Serv 100 1,751 17,350 HHS - Payments to States 417 3,554 15,620 HHS - Temp Assistance for Needy Families 26 644 10,775 Dept of Homeland Security (DHS) - misc 62 589 8,316 DHS - Customs & Border Protection (CBP) 21 230 3,656 DHS - Fed Emergency Mgmt Agency (FEMA) 61 841 9,752 DHS - Transportation Security Admn (TSA) 3 110 1,448 Dept of Veterans Affairs (VA) 245 2,560 39,633 VA - Benefits 46 9,530 74,140 Environmental Protection Agency (EPA) 24 224 4,195 ESF - Economic Recovery Programs 0 37,500 47,500 Federal Employees Insurance Payments 155 3,342 53,920 Fed. Highway Administration programs 169 2,371 27,343 Federal Salaries (EFT) 1,599 12,994 124,850 Food and Nutrition Service (misc) 140 1,196 19,742 General Services Administration (GSA) 69 1,304 16,774 Housing and Urban Development programs 132 5,004 45,966 Interest on Treasury Securities 0 40,851 213,008 IRS Tax Refunds Business (EFT) 15 223 12,916 IRS Tax Refunds Individual (EFT) 328 31,249 429,727 Justice Department programs 73 978 13,853 Labor Dept. prgms (excl. unemployment) 26 495 9,158 NASA 35 829 12,112 National Science Foundation (NSF) 13 276 4,159 Postal Service Money Orders and Other 186 2,008 26,414 Public Debt Cash Redemp. (Table III-B) 1,318 738,267 7,723,142 Small Business Administration (SBA) 1,515 11,233 26,068 Social Security Benefits (EFT) 59 42,696 600,670 Supple. Nutrition Assist. Program (SNAP) 927 5,410 43,999 Unemployment Insurance Benefits 5,669 54,175 119,258 Other Withdrawals: Agriculture 53 627 10,412 Federal Aviation Administration 92 343 5,355 Federal Transit Admin. 376 2,111 9,608 Interior 83 631 7,832 State Department 73 740 10,621 Thrift Savings Plan Transfer 103 3,216 45,176 Unclassified 3,593 27,679 151,334 Total, Other Withdrawals 4,373 66,193 524,044 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 22,501 1,208,869 11,868,989 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 22,501 $ 1,208,869 $ 11,868,989 Net Change in Operating Cash Balance $ 3,325 $ 8,297 $ 805,848 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, May 18, 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 $ 572,405 $ 6,575,180 Cash Management Series 0 320,003 1,495,011 Notes 0 113,135 1,736,663 Bonds 0 33,635 178,660 Inflation-Protected Securities Increment -315 -1,647 10,709 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 22 527 Interest Increment 1 383 3,572 Government Account Series 397,208 4,876,270 64,183,923 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 23 3,246 81,525 Other 1,126 15,710 175,329 Total Issues $ 398,045 $ 5,933,162 $ 74,441,099 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 0 100,148 1,308,133 Bonds 0 7,582 17,060 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 20 275 6,223 Government Account Series 390,932 4,857,661 64,125,953 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 170 4,504 49,333 Other 1,128 15,698 174,843 Total Redemptions $ 392,250 $ 5,595,928 $ 71,849,094 Net Change in Public Debt Outstanding $ 5,794 $ 337,234 $ 2,592,004 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, May 18, 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) $ 398,045 $ 5,933,162 $ 74,441,099 Premium on New Issues 0 0 10,254 Discount on New Issues: Bills (-) 0 267 18,824 Bonds and Notes (-) 0 1,317 6,506 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 397,208 4,876,270 64,183,923 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 383 3,572 Inflation-Protected Securities Increment -315 -1,647 10,565 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,151 $ 1,056,571 $ 10,227,964 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 392,250 $ 5,595,928 $ 71,849,094 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 (-) 390,932 4,857,661 64,125,953 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,318 $ 738,267 $ 7,723,142 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, May 18, 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 $ 19,376,512 $ 19,377,052 $ 19,053,619 $ 16,809,092 Intragovernmental Holdings 5,934,894 5,928,559 5,920,553 5,910,309 Total Public Debt Outstanding 25,311,406 25,305,612 24,974,172 22,719,402 Less: Debt Not Subject to Limit: Other Debt 479 479 479 479 Unamortized Discount 19,727 19,928 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 $ 25,282,392 $ 25,276,396 $ 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 Monday, May 18, 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 $ 23,151 $ 117,392 $ 1,652,729 Individual Income Taxes 279 2,718 70,563 Railroad Retirement Taxes 39 228 3,587 Excise Taxes 7 1,335 44,216 Corporation Income Taxes 56 1,864 108,939 Federal Unemployment Taxes 3 109 5,634 Estate and Gift Taxes & Misc IRS Rcpts. 0 248 1,010 Total $ 23,534 $ 123,894 $ 1,886,677 Cash Federal Tax Deposits: Direct $ 11 $ 444 $ 15,158 Through Depositaries 22,875 115,606 1,800,587 Total Cash FTD's $ 22,886 $ 116,050 $ 1,815,745 Inter-agency Transfers 647 7,844 70,932 Total $ 23,534 $ 123,894 $ 1,886,677 ___________________________________________________________________________________________ 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 Monday, May 18, 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) $ 112 $ 1,208 $ 27,157 IRS Tax Refunds Business (EFT) 15 223 12,916 IRS Tax Refunds Individual (Checks) 65 33,196 85,977 IRS Tax Refunds Individual (EFT) 328 31,249 429,727 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.