Daily Treasury Statement · Table II, withdrawals, month to date on the last statement day of each month
What does the Treasury pay out of its account each month?
The month ended : of the 8 lines, the change over a year was largest for Tax refunds, up 133.6%, and smallest for Interest on Treasury securities, down 36.1%.
Treasury withdrawals by category, benefits, each month
- Social Security benefits125.051.9 to 129.8
- Medicare and other CMS payments112.429.9 to 194.4
- Medicaid69.328.3 to 69.3
- Unemployment benefits3.01.7 to 115.7
Treasury withdrawals by category, other payments, each month
- Interest on Treasury securities31.00.7 to 110.6
- Tax refunds12.21.6 to 208.7
- Federal salaries22.013.0 to 25.8
Each row is one line of the page over the last ten years, one month to a point, on a scale shared by the rows of the tab, with its newest value and its range printed beside it and a dashed line at zero. A gap is a month with no value. Pointing at the chart shows the month and the value.
Observed .
Right now
Over a year to September 2026, of the 8 lines on this page the change was largest for Tax refunds, up 133.6%, and smallest for Interest on Treasury securities, down 36.1%.
Of these lines, 6 rose, 2 fell and 0 did not change over the year (ours, from the published values).
By lineOver a year, ours
Treasury withdrawals by category, change over a year, by line
- Benefits
- Other payments
- Borrowing
Each bar is the change in one line over a year, the largest first, with its rank at the left and its newest value under the figure. A line with its own page links it from its name. A change below zero runs to the left of the zero line. The colour says which section of the page a line is in.
Observed .
Treasury withdrawals by category, change over a year in each month
| Line | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Social Security benefits | +7.7 | +7.4 | +7.6 | +7.5 | +7.0 | −4.9 | +5.3 | +5.0 | +4.7 | +5.6 | +5.5 | +5.3 |
| Medicare and other CMS payments | +75.5 | −70.9 | +118.8 | +11.1 | +2.5 | +4.5 | +8.4 | −36.4 | +196.0 | +62.9 | −72.0 | +124.2 |
| Medicaid | +5.4 | +7.1 | +18.9 | +1.0 | +8.4 | +19.7 | −3.4 | +7.4 | +24.3 | −6.6 | +4.9 | +13.0 |
| Unemployment benefits | −1.8 | +11.0 | +23.4 | −2.5 | +5.5 | +16.8 | −0.1 | +8.5 | +10.8 | −9.6 | +2.9 | +8.4 |
| Interest on Treasury securities | +17.6 | +16.7 | +25.0 | −65.6 | +22.6 | +118.6 | +13.7 | +14.1 | +18.2 | +12.8 | +46.5 | −36.1 |
| Tax refunds | −23.2 | +19.6 | +100.2 | −46.1 | +13.7 | +31.4 | +39.1 | +54.4 | +99.1 | +60.3 | +41.7 | +133.6 |
| Federal salaries | −20.9 | +11.5 | +5.3 | +3.8 | +7.7 | −1.1 | +3.1 | −6.3 | +11.0 | +27.1 | −14.9 | −3.2 |
| Treasury securities redeemed for cash | −1.2 | +6.1 | +6.5 | −4.1 | +3.0 | +25.1 | +9.5 | −7.4 | +23.3 | +6.3 | +30.7 | +9.3 |
Each chip is one month's change from the same month a year earlier. The mark in its middle is zero: a fill to the right of it is a rise and a fill to the left a fall. A longer, brighter fill is a larger change, in five steps up to 70.9 and over. Every chip prints its figure and sign.
Observed .
Understanding treasury withdrawals
Where it stands today
The largest change over a year was Tax refunds, up 133.6%, in September 2026.
What do the lines of this page measure?
The Daily Treasury Statement is the Treasury's daily account of the cash that goes into and out of its main bank account, the Treasury General Account at the Federal Reserve. Its Table II lists the withdrawals by category. This page shows the largest categories: for each month, the table's own month-to-date amount on the month's last statement day.
Read more
Four lines are benefits (Social Security, Medicare and the other payments of the Centers for Medicare and Medicaid Services, Medicaid, and unemployment benefits). Three are other payments (interest on Treasury securities, tax refunds to individuals and businesses, and federal salaries). The last line is cash paid to redeem Treasury securities that came due, which is borrowing repaid and not spending.
What 500metrics adds: the change over a year of every line, ranked across the page; the last ten years of every line as rows of small charts; and a table of the change over a year in each of the last twelve months. The fiscal year so far for the named lines has a page of its own.
The numbers behind the chart
What is the latest value of each line?8 lines, in the sections of the page
| Line | Section | Month | Value | Change over a year | Rank |
|---|---|---|---|---|---|
| Social Security benefits | Benefits | $125.0 billion | +5.3% | 6 | |
| Medicare and other CMS payments | Benefits | $112.4 billion | +124.2% | 2 | |
| Medicaid | Benefits | $69.3 billion | +13.0% | 3 | |
| Unemployment benefits | Benefits | $3.0 billion | +8.4% | 5 | |
| Interest on Treasury securities | Other payments | $31.0 billion | −36.1% | 8 | |
| Tax refunds | Other payments | $12.2 billion | +133.6% | 1 | |
| Federal salaries | Other payments | $22.0 billion | −3.2% | 7 | |
| Treasury securities redeemed for cash | Borrowing | $2,913.6 billion | +9.3% | 4 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The page shows eight categories, not all the statement lists: it has many more withdrawal lines, from defense and education to veterans, and the sum of the lines here is not the total of withdrawals.
- Each line begins in a different month. Social Security, Medicare, Medicaid, unemployment benefits, interest, federal salaries and the redemptions begin in October 2005, the first month the statement is held; the tax refunds begin in October 2012, the first month the statement lists them.
- The Treasury has renamed these categories, and each line joins the old and the new name. The Medicare line joins one category until September 2014, two until March 2020, and since then the two trust funds, the prescription drug benefit and the other payments of the Centers for Medicare and Medicaid Services.
- The statement counts cash when it moves, not when a benefit is earned: a payment due on a weekend or a holiday is made on the business day before, so a month can hold two payments of one benefit and the next none. The table's month-to-date amount can differ from the sum of its days when the Treasury corrects a figure.
- Federal salaries and tax refunds are the amounts paid by electronic transfer, as the statement names them. Interest on Treasury securities is the cash paid out of the account; interest credited to government trust funds is not cash and is not in it. Interest is paid on the dates coupons fall due, mostly the 15th and the last day of a month, so a month's total follows the calendar.
- A month is shown once the statement of a later month is held, so the month in progress is not on this page. The changes and the ranks are ours, worked out from the values the Treasury publishes; a change is in percent.
Observed . Checked .
How to cite this
U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data: Daily Treasury Statement, Table II, withdrawals, month to date on the last statement day of each month, through September 2026. Compiled by 500metrics, "What does the Treasury pay out of its account each month?", https://500metrics.com/treasury-withdrawals.
Can the data be downloaded?treasury-withdrawals.csv
Download the last ten years of every line as CSV: 968 rows, to , 53,066 bytes.
Our text and compilation: CC BY 4.0.
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