1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 16, 2011 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 113,655 $ 106,625 $ 85,605 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 2,022 2,215 1,999 1,805 Total Operating Balance 115,677 108,841 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 16, 2011 (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) 22 473 1,978 Air Transport Security Fees 2 13 404 Commodity Credit Corporation programs 41 394 1,365 Customs and Certain Excise Taxes 82 916 7,786 Deposits by States: Supplemental Security Income 1 28 778 Unemployment 22 259 7,327 Education Department programs 62 1,271 6,218 Energy Department programs 15 115 1,364 Estate and Gift Taxes 27 396 2,484 Federal Reserve Earnings 0 2,720 13,297 Foreign Deposits, Military Sales 105 1,865 5,078 FTD's Received (Table IV) 3,249 43,444 141,798 GSE MBS Purchase Program Income 0 15,036 40,363 Housing and Urban Development programs 3 100 498 Individual Income and Employment Taxes, Not Withheld 347 3,403 20,987 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 19 164 1,172 Postal Service 398 4,802 19,768 Public Debt Cash Issues (Table III-B) 929 395,702 1,629,517 Other Deposits: Medicare Premiums 54 604 4,713 Total Other Deposits 54 2,972 25,236 Change in Balance of Uncollected Funds 0 -1 5 Transfers from Depositaries 11,342 93,729 281,619 Total Federal Reserve Account 16,718 567,799 2,209,042 Tax and Loan Note Accounts: FTD's Received (Table IV) 11,149 93,752 281,836 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 11,149 93,752 281,836 Total Deposits (excluding transfers) 16,525 567,822 2,209,259 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 16, 2011 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ ___________________________________________________________________________________________ | | | This | Fiscal | | Withdrawals | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Federal Reserve Account: Commodity Credit Corporation programs 138 1,061 8,744 Defense Vendor Payments (EFT) 1,729 18,129 79,517 Education Department programs 637 5,685 35,009 Energy Department programs 218 1,950 9,126 Federal Employees Insurance Payments 172 3,044 14,596 Fed. Highway Administration programs 295 2,469 10,428 Federal Salaries (EFT) 74 8,299 37,147 Food and Nutrition Service (misc) 383 5,376 22,267 GSA programs 21 1,287 4,755 Health and Human Services Grants (misc) 365 4,973 21,894 Housing and Urban Development programs 162 4,598 17,088 Interest on Treasury Securities 1 1,683 44,931 Justice Department programs 65 824 3,764 Labor Dept. prgms (excl. unemployment) 164 742 3,070 Medicaid 672 12,368 51,538 Medicare 1,324 28,971 104,486 NASA programs 57 955 3,456 Postal Service Money Orders and Other 124 1,919 8,704 Public Debt Cash Redemp. (Table III-B) 840 348,231 1,326,150 Social Security Benefits (EFT) 40 32,813 136,281 Supple. Nutrition Assist. Program (SNAP) 21 240 1,078 Temporary Assistance for Needy Families (HHS) 50 748 3,871 Transportation Security Admin. (DHS) 1 80 260 Unemployment Insurance Benefits 204 4,350 20,120 Veterans Affairs programs 127 2,154 8,863 Other Withdrawals: Deposit Insurance Fund 77 276 1,398 Emergency Prep & Response (DHS) 122 783 3,581 Federal Crop Ins. Corp. 62 809 3,540 Federal Transit Admin. 85 782 3,023 Interior 123 626 2,719 IRS Tax Refunds Individual (EFT) 81 238 5,882 Thrift Savings Plan Transfer 104 1,065 5,370 Unclassified 1,152 16,256 74,112 Total, Other Withdrawals 1,806 46,801 174,527 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,689 539,750 2,151,672 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,342 93,729 281,619 Total Withdrawals (excluding transfers) 9,689 539,750 2,151,672 Net Change in Operating Cash Balance 6,836 28,072 57,587 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 16, 2011 (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 0 312,672 1,107,547 Cash Management Series 0 0 10,000 Notes 0 54,940 385,969 Bonds 0 13,476 50,965 Inflation-Protected Securities Increment -48 -693 2,653 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 138 877 Interest Increment 0 521 1,608 Government Account Series 215,714 2,776,908 12,887,214 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 181 4,393 27,497 Other 736 9,743 42,851 Total Issues 216,596 3,172,098 14,517,182 (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 0 300,644 1,070,547 Notes 0 28,841 181,908 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 570 2,090 Government Account Series 214,357 2,834,869 12,881,875 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 55 8,431 28,701 Other 738 9,745 42,904 Total Redemptions 215,197 3,183,099 14,208,025 Net Change in Public Debt Outstanding 1,399 -11,001 309,157 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 16, 2011 (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) 216,596 3,172,098 14,517,182 Premium on New Issues 0 534 4,768 Discount on New Issues: Bills (-) 0 54 177 Bonds and Notes (-) 0 140 1,183 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 215,714 2,776,908 12,887,214 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 521 1,608 Inflation-Protected Securities Increment -48 -693 2,252 Total Public Debt Cash Issues Deposited in Federal Reserve Account 929 395,702 1,629,517 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 215,197 3,183,099 14,208,025 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 214,357 2,834,869 12,881,875 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 840 348,231 1,326,150 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 16, 2011 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public $ 10,438,213 $ 10,438,189 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,661,285 4,659,910 4,720,541 4,663,309 Total Public Debt Outstanding 15,099,497 15,098,098 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,529 33,535 33,572 34,376 Federal Financing Bank 8,441 8,441 8,441 8,441 Hope Bonds 493 493 493 493 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 10 10 10 10 Total Public Debt Subject to Limit 15,056,557 15,055,152 15,067,516 14,746,553 Statutory Debt Limit 15,194,000 15,194,000 15,194,000 15,194,000 Act of 8/2/11, operated to permanently increase the statutory debt limit to $15,194 billion after 9/21/11. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday December 16, 2011 (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 $ 13,518 $ 88,208 $ 359,865 Individual Income Taxes 235 603 2,064 Railroad Retirement Taxes 34 207 935 Excise Taxes 13 3,088 14,350 Corporation Income Taxes 621 48,787 62,877 Federal Unemployment Taxes 3 21 593 Estate and Gift Taxes & Misc IRS Rcpts. 1 51 90 Change in Balance of Unclassified Taxes 0 0 0 Total 14,426 140,964 440,772 These Receipts were deposited in: Federal Reserve Account: Directly 79 1,622 8,162 Collector Depositaries 3,171 41,821 133,636 Tax and Loan Accounts 11,149 93,752 281,836 Inter-agency Transfers 28 3,768 17,138 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 28 $ 133 $ 2,054 $ 2,215 Deposits: Taxes Received (Table IV) 5 51 11,092 11,149 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 1,442 1,442 Depositary Initiated 2 29 9,869 9,900 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 31 156 1,835 2,022 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 16, 2011 (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 | ___________________________________________________________________________________________ Individual $ 502 $ 1,227 $ 19,167 Business 49 1,929 15,319 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 Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, Bureau of the Public Debt and various electronic systems. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Financial Management Service (FMS), Department of the Treasury. Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the FMS website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790.