WTFUSA?

After posting on Twitter wondering how Apple’s cash on hand compared to the US after Apple reported that they ended the latest quarter with just shy of $100B in cash and cash equivalents, I decided to dig around and see what I could find out.

What I found has me concerned. I hope I’m reading it wrong, but kinda doubt that’s the case.

Check out the following excerpt from Page vii of the “CITIZEN’S GUIDE TO THE  2011 FINANCIAL REPORT OF THE UNITED STATES GOVERNMENT” (PDF):

“During FY 2011, the Government’s total assets decreased by $176.5 billion, due mostly to elimination of the cash deposits with the Federal Reserve under the Supplementary Financing Program (SFP).”

If I’m reading that correctly, the US Government now has $0 in cash deposits. Someone please tell me I’m wrong and point me to a reliable source.