1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, July 1, 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 $ 1,656,747 $ 1,722,032 $ 1,722,032 $ 382,483 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 1,656,747 $ 1,722,032 $ 1,722,032 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, July 1, 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) $ 56 $ 56 $ 6,414 Cash FTD's Received (Table IV) 22,159 22,159 2,100,279 Commodity Credit Corporation programs 108 108 8,001 Deposits by States: Supplemental Security Income 3 3 2,543 Unemployment 63 63 28,871 Dept of Commerce (DOC) 24 24 2,897 Dept of Education (ED) 105 105 48,676 Dept of Energy (DOE) 7 7 5,830 Dept of Health & Human Serv (HHS) - Misc 29 29 5,092 HHS - Marketplace Receipts 0 0 6 HHS - Medicare Premiums 212 212 30,467 Dept of Homeland Security (DHS) - misc 21 21 3,528 DHS - Customs and Certain Excise Taxes 90 90 63,600 DHS - Fed Emergency Mgmt Agency (FEMA) 15 15 2,186 DHS - Transportation Security Admn (TSA) 0 0 2,376 Dept of Veterans Affairs (VA) 40 40 6,150 Environmental Protection Agency (EPA) 1 1 266 Estate and Gift Taxes 13 13 10,422 Federal Reserve Earnings 1,423 1,423 56,568 Foreign Military Sales Program 2,255 2,255 33,902 General Services Administration (GSA) 3 3 978 Housing and Urban Development programs 7 7 2,153 Individual Income and Employment Taxes, Not Withheld 2,353 2,353 188,024 Interest recd from cash investments 0 0 0 Justice Department programs 25 25 13,848 National Science Foundation (NSF) 0 0 47 Postal Service 322 322 70,152 Public Debt Cash Issues (Table III-B) 1,693 1,693 13,847,509 Small Business Administration (SBA) 30 30 2,570 Other Deposits: Agency for Internat'l Development 74 74 323 Dept of Transportation (DOT) 52 52 6,182 Federal Housing Admin: Note Sales 78 78 15,017 Gas and Oil Lease Sales Proceeds 54 54 6,082 Natl Railroad Retirement Inv Trust 276 276 1,853 Thrift Savings Plan Transfer 450 450 72,722 Total Other Deposits 984 984 148,352 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 32,039 32,039 16,691,707 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 32,039 $ 32,039 $ 16,691,707 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, July 1, 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 308 308 23,075 Commodity Credit Corporation programs 7 7 20,683 Coronavirus Relief Fund 0 0 149,466 Defense Vendor Payments (EFT) 392 392 281,165 Dept of Commerce (DOC) 7 7 7,478 Dept of Education (ED) 307 307 131,615 Dept of Energy (DOE) 157 157 30,457 Dept of Health & Human Serv (HHS) - Misc 54 54 6,691 HHS - Centers for Disease Control (CDC) 18 18 5,931 HHS - Federal Hospital Insr Trust Fund 14,719 14,719 321,084 HHS - Federal Supple Med Insr Trust Fund 19,342 19,342 330,070 HHS - Grants to States for Medicaid 608 608 332,758 HHS - Health Resources & Services Admin 59 59 88,906 HHS - Indian Health Service 2 2 5,514 HHS - Marketplace Payments 0 0 46,523 HHS - Medicare Prescription Drugs 8,116 8,116 73,255 HHS - National Institutes of Health 81 81 24,649 HHS - Other Public Health Services 27 27 5,568 HHS - Othr Admin for Children & Families 175 175 17,484 HHS - Othr Cent Medicare & Medicaid Serv 35 35 20,722 HHS - Payments to States 78 78 19,726 HHS - Temp Assistance for Needy Families 57 57 11,934 Dept of Homeland Security (DHS) - misc 18 18 9,877 DHS - Customs & Border Protection (CBP) 12 12 4,437 DHS - Fed Emergency Mgmt Agency (FEMA) 16 16 12,695 DHS - Transportation Security Admn (TSA) 0 0 1,762 Dept of Veterans Affairs (VA) 272 272 46,053 VA - Benefits 8,665 8,665 92,911 Environmental Protection Agency (EPA) 22 22 5,012 ESF - Economic Recovery Programs 0 0 114,000 Federal Employees Insurance Payments 299 299 63,211 Fed. Highway Administration programs 104 104 33,462 Federal Salaries (EFT) 608 608 148,147 Food and Nutrition Service (misc) 34 34 22,759 General Services Administration (GSA) 147 147 19,771 Housing and Urban Development programs 3,084 3,084 55,910 Interest on Treasury Securities 170 170 235,479 IRS Tax Refunds Business (EFT) 1/-42 -42 19,388 IRS Tax Refunds Individual (EFT) 1,156 1,156 453,171 Justice Department programs 6 6 16,126 Labor Dept. prgms (excl. unemployment) 82 82 11,149 NASA 0 0 14,675 National Science Foundation (NSF) 35 35 4,988 Postal Service Money Orders and Other 168 168 31,523 Public Debt Cash Redemp. (Table III-B) 8,286 8,286 10,191,461 Small Business Administration (SBA) 2,134 2,134 149,156 Social Security Benefits (EFT) 268 268 720,399 Supple. Nutrition Assist. Program (SNAP) 298 298 58,047 Unemployment Insurance Benefits 5,197 5,197 279,643 Other Withdrawals: Agriculture 68 68 13,130 Civil Service Retirement (EFT) 5,967 5,967 59,833 Federal Transit Admin. 99 99 15,367 International Monetary Fund 254 254 7,351 Military Active Duty Pay (EFT) 4,046 4,046 68,954 Military Retirement (EFT) 4,681 4,681 47,008 Railroad Retirement (EFT) 1,139 1,139 11,618 Supple. Security Income Benefits (EFT) 4,398 4,398 45,712 Thrift Savings Plan Transfer 57 57 52,361 Unclassified 1,027 1,027 203,494 Total, Other Withdrawals 21,736 21,736 647,479 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 97,324 97,324 15,417,443 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 97,324 $ 97,324 $ 15,417,443 Net Change in Operating Cash Balance $ -65,285 $ -65,285 $ 1,274,264 1/Reported as a negative amount due to a return/reversal of $120 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, July 1, 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 $ 0 $ 8,390,625 Cash Management Series 0 0 2,655,027 Notes 0 0 2,172,411 Bonds 0 0 239,355 Inflation-Protected Securities Increment -311 -311 -436 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 2 585 Interest Increment 353 353 4,285 Government Account Series 398,649 398,649 76,891,690 Hope Bonds 0 0 0 Domestic Series 0 0 95,634 Foreign Series 0 0 0 State and Local Series 632 632 94,269 Other 1,059 1,059 217,737 Total Issues $ 400,384 $ 400,384 $ 90,761,183 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 $ 0 $ 8,342,984 Notes 0 0 1,537,078 Bonds 0 0 17,060 Federal Financing Bank 0 0 1,547 Nonmarketable: United States Savings Securities 56 56 7,107 Government Account Series 440,372 440,372 76,858,610 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 7,163 7,163 65,367 Other 1,067 1,067 217,343 Total Redemptions $ 448,659 $ 448,659 $ 87,051,618 Net Change in Public Debt Outstanding $ -48,275 $ -48,275 $ 3,709,564 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, July 1, 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) $ 400,384 $ 400,384 $ 90,761,183 Premium on New Issues 0 0 11,720 Discount on New Issues: Bills (-) 0 0 20,123 Bonds and Notes (-) 0 0 9,794 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 398,649 398,649 76,891,690 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 353 353 4,285 Inflation-Protected Securities Increment -311 -311 -497 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,693 $ 1,693 $ 13,847,509 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 448,659 $ 448,659 $ 87,051,618 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 1,547 Government Account Transactions (-) 440,372 440,372 76,858,610 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 8,286 $ 8,286 $ 10,191,461 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, July 1, 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 $ 20,524,314 $ 20,530,278 $ 20,530,278 $ 16,809,092 Intragovernmental Holdings 5,904,653 5,946,963 5,946,963 5,910,309 Total Public Debt Outstanding 26,428,966 26,477,241 26,477,241 22,719,402 Less: Debt Not Subject to Limit: Other Debt 478 478 478 479 Unamortized Discount 18,982 19,037 19,037 23,497 Federal Financing Bank 7,262 7,262 7,262 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 $ 26,402,244 $ 26,450,464 $ 26,450,464 $ 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 Wednesday, July 1, 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 $ 21,471 $ 21,471 $ 1,918,066 Individual Income Taxes 1,279 1,279 85,014 Railroad Retirement Taxes 11 11 4,099 Excise Taxes 23 23 49,256 Corporation Income Taxes 244 244 120,405 Federal Unemployment Taxes 2 2 5,695 Estate and Gift Taxes & Misc IRS Rcpts. 3 3 1,124 Total $ 23,034 $ 23,034 $ 2,183,658 Cash Federal Tax Deposits: Direct $ 15 $ 15 $ 15,739 Through Depositaries 22,145 22,145 2,084,540 Total Cash FTD's $ 22,159 $ 22,159 $ 2,100,279 Inter-agency Transfers 875 875 83,379 Total $ 23,034 $ 23,034 $ 2,183,658 ___________________________________________________________________________________________ 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 Wednesday, July 1, 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) $ 138 $ 138 $ 30,972 IRS Tax Refunds Business (EFT) 1/-42 -42 19,388 IRS Tax Refunds Individual (Checks) 59 59 103,036 IRS Tax Refunds Individual (EFT) 1,156 1,156 453,171 1/Reported as a negative amount due to a return/reversal of $120 million. 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.