1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, July 8, 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 $ 1,624,404 $ 1,642,079 $ 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 $ 1,624,404 $ 1,642,079 $ 1,722,032 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, July 8, 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) $ 21 $ 137 $ 6,495 Cash FTD's Received (Table IV) 11,194 68,289 2,146,408 Commodity Credit Corporation programs 44 409 8,301 Deposits by States: Supplemental Security Income 0 4 2,544 Unemployment 43 206 29,013 Dept of Commerce (DOC) 16 79 2,952 Dept of Education (ED) 121 676 49,248 Dept of Energy (DOE) 7 103 5,926 Dept of Health & Human Serv (HHS) - Misc 8 120 5,183 HHS - Marketplace Receipts 0 0 6 HHS - Medicare Premiums 34 424 30,679 Dept of Homeland Security (DHS) - misc 22 115 3,622 DHS - Customs and Certain Excise Taxes 100 491 64,000 DHS - Fed Emergency Mgmt Agency (FEMA) 14 78 2,249 DHS - Transportation Security Admn (TSA) 0 2 2,378 Dept of Veterans Affairs (VA) 33 176 6,286 Environmental Protection Agency (EPA) 2 7 273 Estate and Gift Taxes 5 66 10,475 Federal Reserve Earnings 697 2,119 57,265 Foreign Military Sales Program 3 2,486 34,133 General Services Administration (GSA) 1 14 989 Housing and Urban Development programs 17 46 2,192 Individual Income and Employment Taxes, Not Withheld 4,987 13,462 199,134 Interest recd from cash investments 0 0 0 Justice Department programs 92 292 14,114 National Science Foundation (NSF) 0 0 47 Postal Service 346 2,274 72,105 Public Debt Cash Issues (Table III-B) 1,622 350,254 14,196,070 Small Business Administration (SBA) 18 156 2,697 Other Deposits: Federal Housing Admin: Note Sales 68 748 15,686 National Credit Union Administration 174 174 2,675 Thrift Savings Plan Transfer 1,533 2,022 74,293 Total Other Deposits 1,775 3,588 150,956 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 21,220 446,073 17,105,741 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 21,220 $ 446,073 $ 17,105,741 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, July 8, 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 27 390 23,157 Commodity Credit Corporation programs 3 118 20,794 Coronavirus Relief Fund 0 0 149,466 Defense Vendor Payments (EFT) 653 5,398 286,171 Dept of Commerce (DOC) 37 152 7,623 Dept of Education (ED) 436 2,114 133,421 Dept of Energy (DOE) 137 804 31,104 Dept of Health & Human Serv (HHS) - Misc 71 394 7,031 HHS - Centers for Disease Control (CDC) 39 135 6,047 HHS - Federal Hospital Insr Trust Fund 759 17,512 323,877 HHS - Federal Supple Med Insr Trust Fund 715 22,454 333,181 HHS - Grants to States for Medicaid 2,590 12,051 344,202 HHS - Health Resources & Services Admin 34 1,201 90,048 HHS - Indian Health Service 6 33 5,546 HHS - Marketplace Payments 0 0 46,523 HHS - Medicare Prescription Drugs 0 8,128 73,266 HHS - National Institutes of Health 87 530 25,099 HHS - Other Public Health Services 21 114 5,656 HHS - Othr Admin for Children & Families 77 544 17,852 HHS - Othr Cent Medicare & Medicaid Serv 19 808 21,495 HHS - Payments to States 48 399 20,047 HHS - Temp Assistance for Needy Families 43 256 12,133 Dept of Homeland Security (DHS) - misc 55 241 10,099 DHS - Customs & Border Protection (CBP) 116 146 4,572 DHS - Fed Emergency Mgmt Agency (FEMA) 186 368 13,048 DHS - Transportation Security Admn (TSA) 6 12 1,773 Dept of Veterans Affairs (VA) 261 1,164 46,945 VA - Benefits 42 8,859 93,106 Environmental Protection Agency (EPA) 15 95 5,085 ESF - Economic Recovery Programs 0 0 114,000 Federal Employees Insurance Payments 238 1,436 64,349 Fed. Highway Administration programs 472 1,152 34,510 Federal Salaries (EFT) 47 2,052 149,590 Food and Nutrition Service (misc) 61 422 23,147 General Services Administration (GSA) 66 975 20,599 Housing and Urban Development programs 86 3,605 56,431 Interest on Treasury Securities 0 173 235,482 IRS Tax Refunds Business (EFT) 257 1,215 20,646 IRS Tax Refunds Individual (EFT) 318 2,188 454,203 Justice Department programs 46 338 16,457 Labor Dept. prgms (excl. unemployment) 42 270 11,338 NASA 98 590 15,264 National Science Foundation (NSF) 18 113 5,066 Postal Service Money Orders and Other 190 1,023 32,378 Public Debt Cash Redemp. (Table III-B) 1,136 325,557 10,508,732 Small Business Administration (SBA) 2,192 15,669 162,690 Social Security Benefits (EFT) 19,740 42,149 762,279 Supple. Nutrition Assist. Program (SNAP) 368 2,719 60,468 Unemployment Insurance Benefits 5,707 29,491 303,938 Other Withdrawals: Agriculture 57 389 13,452 Federal Aviation Administration 131 357 7,680 Federal Transit Admin. 63 382 15,650 Interior 128 259 10,165 Thrift Savings Plan Transfer 60 807 53,111 Unclassified 892 5,543 208,010 Total, Other Withdrawals 1,331 28,143 653,886 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 38,895 543,700 15,863,820 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 38,895 $ 543,700 $ 15,863,820 Net Change in Operating Cash Balance $ -17,675 $ -97,628 $ 1,241,921 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, July 8, 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 $ -5 $ 214,962 $ 8,605,587 Cash Management Series 0 125,002 2,780,029 Notes 0 -1 2,172,411 Bonds 0 0 239,355 Inflation-Protected Securities Increment 1 -305 -431 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 2 10 594 Interest Increment 2 360 4,292 Government Account Series 394,235 2,340,972 78,834,013 Hope Bonds 0 0 0 Domestic Series 0 2 95,636 Foreign Series 0 0 0 State and Local Series 615 3,231 96,868 Other 1,010 7,187 223,864 Total Issues $ 395,860 $ 2,691,420 $ 93,052,219 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 $ 310,611 $ 8,653,595 Notes 0 0 1,537,078 Bonds 0 0 17,060 Federal Financing Bank 0 0 1,547 Nonmarketable: United States Savings Securities 34 231 7,282 Government Account Series 408,812 2,396,357 78,814,595 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 91 7,499 65,703 Other 1,012 7,217 223,493 Total Redemptions $ 409,948 $ 2,721,915 $ 89,324,874 Net Change in Public Debt Outstanding $ -14,088 $ -30,494 $ 3,727,345 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, July 8, 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) $ 395,860 $ 2,691,420 $ 93,052,219 Premium on New Issues 0 0 11,720 Discount on New Issues: Bills (-) 0 139 20,262 Bonds and Notes (-) 0 0 9,794 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 394,235 2,340,972 78,834,013 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 360 4,292 Inflation-Protected Securities Increment 1 -305 -491 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,622 $ 350,254 $ 14,196,070 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 409,948 $ 2,721,915 $ 89,324,874 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 (-) 408,812 2,396,357 78,814,595 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,136 $ 325,557 $ 10,508,732 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, July 8, 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 $ 20,556,763 $ 20,554,746 $ 20,530,278 $ 16,809,092 Intragovernmental Holdings 5,889,984 5,906,088 5,946,963 5,910,309 Total Public Debt Outstanding 26,446,746 26,460,834 26,477,241 22,719,402 Less: Debt Not Subject to Limit: Other Debt 478 478 478 479 Unamortized Discount 18,742 18,796 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 $ 26,420,264 $ 26,434,298 $ 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 8, 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 $ 8,853 $ 61,241 $ 1,957,836 Individual Income Taxes 2,164 8,698 92,433 Railroad Retirement Taxes 2 62 4,150 Excise Taxes 58 223 49,456 Corporation Income Taxes 476 1,712 121,873 Federal Unemployment Taxes 4 17 5,709 Estate and Gift Taxes & Misc IRS Rcpts. 5 41 1,161 Total $ 11,561 $ 71,993 $ 2,232,617 Cash Federal Tax Deposits: Direct $ -22 $ 39 $ 15,764 Through Depositaries 11,216 68,250 2,130,645 Total Cash FTD's $ 11,194 $ 68,289 $ 2,146,408 Inter-agency Transfers 367 3,705 86,209 Total $ 11,561 $ 71,993 $ 2,232,617 ___________________________________________________________________________________________ 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 8, 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) $ 2 $ 1,132 $ 31,965 IRS Tax Refunds Business (EFT) 257 1,215 20,646 IRS Tax Refunds Individual (Checks) 50 745 103,722 IRS Tax Refunds Individual (EFT) 318 2,188 454,203 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.