1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 20, 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 $ 113,962 $ 118,682 $ 85,605 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 2,037 1,974 1,999 1,805 Total Operating Balance 115,999 120,656 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 20, 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) 32 524 2,029 Air Transport Security Fees 1 14 405 Commodity Credit Corporation programs 30 453 1,425 Customs and Certain Excise Taxes 99 1,091 7,961 Deposits by States: Supplemental Security Income 3 34 784 Unemployment 11 282 7,350 Education Department programs 145 1,487 6,435 Energy Department programs 38 167 1,416 Estate and Gift Taxes 37 516 2,603 Federal Reserve Earnings 0 2,720 13,297 Foreign Deposits, Military Sales 6 2,075 5,289 FTD's Received (Table IV) 1,377 47,413 145,767 GSE MBS Purchase Program Income 0 15,036 40,363 Housing and Urban Development programs 6 108 507 Individual Income and Employment Taxes, Not Withheld 445 4,203 21,787 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 7 179 1,187 Postal Service 465 5,694 20,660 Public Debt Cash Issues (Table III-B) 1,133 397,586 1,631,401 Other Deposits: Export-Import Bank 109 193 576 Medicare Premiums 275 923 5,032 Railroad Unemployment Ins. 1 1 64 Total Other Deposits 385 4,235 26,499 Change in Balance of Uncollected Funds 0 -1 5 Transfers from Depositaries 1,496 105,303 293,194 Total Federal Reserve Account 5,716 589,120 2,230,363 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,559 105,342 293,425 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 1,559 105,342 293,425 Total Deposits (excluding transfers) 5,779 589,159 2,230,595 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 20, 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 63 1,194 8,877 Defense Vendor Payments (EFT) 1,754 21,648 83,035 Education Department programs 558 7,148 36,472 Energy Department programs 156 2,249 9,426 Federal Employees Insurance Payments 366 3,702 15,255 Fed. Highway Administration programs 149 2,686 10,645 Federal Salaries (EFT) 100 8,508 37,357 Food and Nutrition Service (misc) 432 6,700 23,591 GSA programs 72 1,408 4,876 Health and Human Services Grants (misc) 390 5,661 22,583 Housing and Urban Development programs 167 5,029 17,520 Interest on Treasury Securities 2 1,686 44,934 Justice Department programs 66 967 3,907 Labor Dept. prgms (excl. unemployment) 42 812 3,140 Medicaid 1,054 13,799 52,969 Medicare 1,422 31,817 107,332 NASA programs 82 1,138 3,639 Postal Service Money Orders and Other 115 2,210 8,995 Public Debt Cash Redemp. (Table III-B) 810 350,069 1,327,988 Social Security Benefits (EFT) 38 32,889 136,357 Supple. Nutrition Assist. Program (SNAP) 9 282 1,120 Temporary Assistance for Needy Families (HHS) 41 810 3,933 Transportation Security Admin. (DHS) 0 81 261 Unemployment Insurance Benefits 651 5,333 21,103 Veterans Affairs programs 95 2,424 9,133 Other Withdrawals: Emergency Prep & Response (DHS) 52 907 3,706 Federal Crop Ins. Corp. 60 975 3,706 Federal Financing Bank 301 610 2,106 Treasury Dept: Claims Payments 92 140 578 Unclassified 1,297 18,616 76,471 Total, Other Withdrawals 1,802 50,512 178,238 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 10,436 560,764 2,172,686 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 1,496 105,303 293,194 Total Withdrawals (excluding transfers) 10,436 560,764 2,172,686 Net Change in Operating Cash Balance -4,657 28,395 57,910 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 20, 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 0 312,671 1,107,546 Cash Management Series 0 0 10,000 Notes 0 54,940 385,969 Bonds 0 13,476 50,965 Inflation-Protected Securities Increment -49 -887 2,459 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 168 907 Interest Increment 1 522 1,609 Government Account Series 242,552 3,237,912 13,348,218 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 396 4,792 27,896 Other 721 11,199 44,307 Total Issues 243,637 3,634,792 14,979,877 (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 48 679 2,199 Government Account Series 214,902 3,263,243 13,310,249 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 41 8,691 28,961 Other 721 11,214 44,373 Total Redemptions 215,712 3,613,311 14,638,238 Net Change in Public Debt Outstanding 27,925 21,481 341,639 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 20, 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) 243,637 3,634,792 14,979,877 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 (-) 242,552 3,237,912 13,348,218 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 522 1,609 Inflation-Protected Securities Increment -49 -887 2,058 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,133 397,586 1,631,401 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 215,712 3,613,311 14,638,238 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 (-) 214,902 3,263,243 13,310,249 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 810 350,069 1,327,988 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 20, 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 $ 10,438,749 $ 10,438,496 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,693,230 4,665,559 4,720,541 4,663,309 Total Public Debt Outstanding 15,131,979 15,104,055 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,505 33,511 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 15,089,063 15,061,133 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 Tuesday December 20, 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 $ 2,801 $ 103,094 $ 374,751 Individual Income Taxes 41 683 2,144 Railroad Retirement Taxes 1 233 962 Excise Taxes 21 3,121 14,382 Corporation Income Taxes 86 49,343 63,433 Federal Unemployment Taxes 2 26 598 Estate and Gift Taxes & Misc IRS Rcpts. 1 53 93 Change in Balance of Unclassified Taxes 0 0 0 Total 2,953 156,554 456,362 These Receipts were deposited in: Federal Reserve Account: Directly 139 1,795 8,335 Collector Depositaries 1,238 45,618 137,433 Tax and Loan Accounts 1,559 105,342 293,425 Inter-agency Transfers 16 3,799 17,170 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 34 $ 34 $ 1,906 $ 1,974 Deposits: Taxes Received (Table IV) 4 24 1,532 1,559 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 0 649 649 Depositary Initiated 2 4 841 847 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 35 54 1,948 2,037 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 20, 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 $ 4 $ 1,240 $ 19,180 Business 343 2,338 15,728 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.