1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, July 2, 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 $ 1,659,147 $ 1,656,747 $ 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 $ 1,659,147 $ 1,656,747 $ 1,722,032 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, July 2, 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) $ 16 $ 72 $ 6,431 Cash FTD's Received (Table IV) 8,249 30,408 2,108,528 Commodity Credit Corporation programs 132 241 8,133 Deposits by States: Supplemental Security Income 0 3 2,543 Unemployment 26 90 28,897 Dept of Commerce (DOC) 11 35 2,908 Dept of Education (ED) 135 240 48,811 Dept of Energy (DOE) 29 36 5,859 Dept of Health & Human Serv (HHS) - Misc 39 69 5,132 HHS - Marketplace Receipts 0 0 6 HHS - Medicare Premiums 115 327 30,582 Dept of Homeland Security (DHS) - misc 22 44 3,550 DHS - Customs and Certain Excise Taxes 89 179 63,689 DHS - Fed Emergency Mgmt Agency (FEMA) 13 28 2,199 DHS - Transportation Security Admn (TSA) 0 1 2,376 Dept of Veterans Affairs (VA) 35 75 6,185 Environmental Protection Agency (EPA) 1 2 268 Estate and Gift Taxes 9 21 10,431 Federal Reserve Earnings 0 1,423 56,568 Foreign Military Sales Program 17 2,272 33,919 General Services Administration (GSA) 4 7 982 Housing and Urban Development programs 2 9 2,155 Individual Income and Employment Taxes, Not Withheld 1,330 3,683 189,354 Interest recd from cash investments 0 0 0 Justice Department programs 66 91 13,913 National Science Foundation (NSF) 0 0 47 Postal Service 382 704 70,534 Public Debt Cash Issues (Table III-B) 190,573 192,265 14,038,081 Small Business Administration (SBA) 25 55 2,595 Other Deposits: Federal Housing Admin: Note Sales 50 128 15,066 Total Other Deposits 50 1,034 148,401 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 201,372 233,412 16,893,080 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 201,372 $ 233,412 $ 16,893,080 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, July 2, 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 10 318 23,085 Commodity Credit Corporation programs 12 19 20,695 Coronavirus Relief Fund 0 0 149,466 Defense Vendor Payments (EFT) 1,974 2,366 283,139 Dept of Commerce (DOC) 16 24 7,495 Dept of Education (ED) 318 625 131,932 Dept of Energy (DOE) 186 343 30,644 Dept of Health & Human Serv (HHS) - Misc 103 157 6,794 HHS - Centers for Disease Control (CDC) 29 47 5,959 HHS - Federal Hospital Insr Trust Fund 543 15,261 321,626 HHS - Federal Supple Med Insr Trust Fund 620 19,962 330,690 HHS - Grants to States for Medicaid 3,787 4,395 336,545 HHS - Health Resources & Services Admin 228 287 89,134 HHS - Indian Health Service 5 7 5,519 HHS - Marketplace Payments 0 0 46,523 HHS - Medicare Prescription Drugs 0 8,116 73,255 HHS - National Institutes of Health 64 144 24,713 HHS - Other Public Health Services 17 44 5,586 HHS - Othr Admin for Children & Families 76 251 17,560 HHS - Othr Cent Medicare & Medicaid Serv 108 143 20,830 HHS - Payments to States 117 196 19,843 HHS - Temp Assistance for Needy Families 81 138 12,015 Dept of Homeland Security (DHS) - misc 83 101 9,960 DHS - Customs & Border Protection (CBP) 2 14 4,439 DHS - Fed Emergency Mgmt Agency (FEMA) 34 51 12,730 DHS - Transportation Security Admn (TSA) 1 2 1,763 Dept of Veterans Affairs (VA) 176 448 46,229 VA - Benefits 1/-3 8,662 92,909 Environmental Protection Agency (EPA) 29 51 5,040 ESF - Economic Recovery Programs 0 0 114,000 Federal Employees Insurance Payments 337 636 63,549 Fed. Highway Administration programs 203 306 33,665 Federal Salaries (EFT) 1,247 1,855 149,394 Food and Nutrition Service (misc) 35 69 22,793 General Services Administration (GSA) 600 747 20,371 Housing and Urban Development programs 195 3,279 56,105 Interest on Treasury Securities 0 171 235,480 IRS Tax Refunds Business (EFT) 663 621 20,051 IRS Tax Refunds Individual (EFT) 159 1,315 453,330 Justice Department programs 111 117 16,236 Labor Dept. prgms (excl. unemployment) 84 166 11,233 NASA 268 268 14,942 National Science Foundation (NSF) 13 48 5,001 Postal Service Money Orders and Other 133 301 31,656 Public Debt Cash Redemp. (Table III-B) 155,696 163,982 10,347,157 Small Business Administration (SBA) 3,103 5,238 152,259 Social Security Benefits (EFT) 22,075 22,343 742,474 Supple. Nutrition Assist. Program (SNAP) 308 606 58,355 Unemployment Insurance Benefits 3,703 8,899 283,346 Other Withdrawals: Agency for Internat'l Development 90 109 13,566 Agriculture 74 142 13,205 Federal Transit Admin. 99 198 15,466 Supple. Security Income Benefits (EFT) 73 4,472 45,785 Thrift Savings Plan Transfer 99 156 52,459 Unclassified 988 2,015 204,482 Total, Other Withdrawals 1,423 23,159 648,902 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 198,972 296,296 15,616,416 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 198,972 $ 296,296 $ 15,616,416 Net Change in Operating Cash Balance $ 2,400 $ -62,885 $ 1,276,664 1/Reported as a negative amount due to a return/reversal of $4 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, July 2, 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 $ 118,530 $ 118,530 $ 8,509,155 Cash Management Series 70,000 70,000 2,725,028 Notes -1 -1 2,172,411 Bonds 0 0 239,355 Inflation-Protected Securities Increment 1 -310 -435 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 3 587 Interest Increment 1 354 4,286 Government Account Series 404,476 803,126 77,296,166 Hope Bonds 0 0 0 Domestic Series 0 1 95,634 Foreign Series 0 0 0 State and Local Series 728 1,360 94,997 Other 1,408 2,467 219,145 Total Issues $ 595,146 $ 995,530 $ 91,356,329 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 $ 154,174 $ 154,174 $ 8,497,158 Notes 0 0 1,537,078 Bonds 0 0 17,060 Federal Financing Bank 0 0 1,547 Nonmarketable: United States Savings Securities 41 97 7,148 Government Account Series 411,337 851,709 77,269,946 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 73 7,236 65,440 Other 1,408 2,476 218,751 Total Redemptions $ 567,032 $ 1,015,691 $ 87,618,651 Net Change in Public Debt Outstanding $ 28,113 $ -20,161 $ 3,737,678 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, July 2, 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) $ 595,146 $ 995,530 $ 91,356,329 Premium on New Issues 0 0 11,720 Discount on New Issues: Bills (-) 94 94 20,217 Bonds and Notes (-) 0 0 9,794 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 404,476 803,126 77,296,166 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 354 4,286 Inflation-Protected Securities Increment 1 -310 -495 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 190,573 $ 192,265 $ 14,038,081 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 567,032 $ 1,015,691 $ 87,618,651 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 (-) 411,337 851,709 77,269,946 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 155,696 $ 163,982 $ 10,347,157 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, July 2, 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 $ 20,559,461 $ 20,524,314 $ 20,530,278 $ 16,809,092 Intragovernmental Holdings 5,897,619 5,904,653 5,946,963 5,910,309 Total Public Debt Outstanding 26,457,080 26,428,966 26,477,241 22,719,402 Less: Debt Not Subject to Limit: Other Debt 478 478 478 479 Unamortized Discount 19,021 18,982 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 $ 26,430,318 $ 26,402,244 $ 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 Thursday, July 2, 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 $ 9,435 $ 30,906 $ 1,927,500 Individual Income Taxes 812 2,091 85,826 Railroad Retirement Taxes 8 19 4,107 Excise Taxes 46 69 49,302 Corporation Income Taxes 293 537 120,698 Federal Unemployment Taxes 2 5 5,697 Estate and Gift Taxes & Misc IRS Rcpts. 10 13 1,134 Total $ 10,606 $ 33,640 $ 2,194,264 Cash Federal Tax Deposits: Direct $ 12 $ 26 $ 15,751 Through Depositaries 8,237 30,382 2,092,776 Total Cash FTD's $ 8,249 $ 30,408 $ 2,108,528 Inter-agency Transfers 2,357 3,232 85,736 Total $ 10,606 $ 33,640 $ 2,194,264 ___________________________________________________________________________________________ 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, July 2, 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) $ 117 $ 254 $ 31,088 IRS Tax Refunds Business (EFT) 663 621 20,051 IRS Tax Refunds Individual (Checks) 60 119 103,096 IRS Tax Refunds Individual (EFT) 159 1,315 453,330 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.