1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 21, 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 $ 106,592 $ 113,962 $ 85,605 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 2,050 2,037 1,999 1,805 Total Operating Balance 108,643 115,999 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 21, 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) 12 536 2,041 Air Transport Security Fees 0 15 405 Commodity Credit Corporation programs 25 479 1,451 Customs and Certain Excise Taxes 109 1,200 8,070 Deposits by States: Supplemental Security Income 2 36 786 Unemployment 17 299 7,367 Education Department programs 59 1,547 6,494 Energy Department programs 16 183 1,432 Estate and Gift Taxes 114 630 2,717 Federal Reserve Earnings 926 3,645 14,223 Foreign Deposits, Military Sales 5 2,080 5,294 FTD's Received (Table IV) 5,000 52,413 150,767 GSE MBS Purchase Program Income 32 15,068 40,395 Housing and Urban Development programs 75 183 581 Individual Income and Employment Taxes, Not Withheld 882 5,085 22,670 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 219 397 1,406 Postal Service 361 6,055 21,021 Public Debt Cash Issues (Table III-B) 1,309 398,895 1,632,710 Other Deposits: Medicare Premiums 142 1,065 5,174 TARP 16 238 2,001 Total Other Deposits 158 4,393 26,657 Change in Balance of Uncollected Funds 0 -1 5 Transfers from Depositaries 5,007 110,310 298,200 Total Federal Reserve Account 14,327 603,448 2,244,691 Tax and Loan Note Accounts: FTD's Received (Table IV) 5,020 110,361 298,445 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 5,020 110,361 298,445 Total Deposits (excluding transfers) 14,340 603,499 2,244,936 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 21, 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 68 1,262 8,945 Defense Vendor Payments (EFT) 2,009 23,657 85,044 Education Department programs 456 7,604 36,928 Energy Department programs 132 2,381 9,557 Federal Employees Insurance Payments 249 3,951 15,504 Fed. Highway Administration programs 211 2,897 10,856 Federal Salaries (EFT) 83 8,591 37,440 Food and Nutrition Service (misc) 311 7,012 23,903 GSA programs 71 1,479 4,947 Health and Human Services Grants (misc) 367 6,028 22,950 Housing and Urban Development programs 157 5,186 17,676 Interest on Treasury Securities 1 1,686 44,934 Justice Department programs 53 1,020 3,960 Labor Dept. prgms (excl. unemployment) 40 853 3,181 Medicaid 790 14,590 53,759 Medicare 2,241 34,058 109,573 NASA programs 120 1,258 3,759 Postal Service Money Orders and Other 96 2,306 9,091 Public Debt Cash Redemp. (Table III-B) 775 350,844 1,328,764 Social Security Benefits (EFT) 9,806 42,694 146,162 Supple. Nutrition Assist. Program (SNAP) 12 294 1,131 Temporary Assistance for Needy Families (HHS) 17 827 3,950 Transportation Security Admin. (DHS) 3 84 263 Unemployment Insurance Benefits 459 5,791 21,561 Veterans Affairs programs 175 2,599 9,308 Other Withdrawals: Agriculture Loan Payments (misc) 66 536 1,933 Centers for Disease Control 69 421 1,394 Emergency Prep & Response (DHS) 104 1,011 3,810 Federal Aviation Administration 59 533 1,907 Federal Financing Bank 277 887 2,383 Federal Transit Admin. 80 924 3,165 Interior 93 824 2,917 International Monetary Fund 1,251 1,603 1,768 Thrift Savings Plan Transfer 70 1,183 5,488 Unclassified 927 19,544 77,400 Total, Other Withdrawals 2,995 53,509 181,234 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 21,697 582,461 2,194,383 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,007 110,310 298,200 Total Withdrawals (excluding transfers) 21,697 582,461 2,194,383 Net Change in Operating Cash Balance -7,357 21,038 50,553 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 21, 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 -48 -936 2,411 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 180 918 Interest Increment 1 522 1,609 Government Account Series 240,458 3,478,370 13,588,676 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 576 5,368 28,472 Other 721 11,920 45,028 Total Issues 241,720 3,876,512 15,221,596 (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 46 725 2,245 Government Account Series 249,083 3,512,325 13,559,332 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 2 8,693 28,963 Other 728 11,941 45,101 Total Redemptions 249,858 3,863,169 14,888,095 Net Change in Public Debt Outstanding -8,138 13,342 333,501 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 21, 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) 241,720 3,876,512 15,221,596 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 (-) 240,458 3,478,370 13,588,676 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 522 1,609 Inflation-Protected Securities Increment -48 -936 2,009 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,309 398,895 1,632,710 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 249,858 3,863,169 14,888,095 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 (-) 249,083 3,512,325 13,559,332 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 775 350,844 1,328,764 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 21, 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 $ 10,438,971 $ 10,438,749 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,684,870 4,693,230 4,720,541 4,663,309 Total Public Debt Outstanding 15,123,841 15,131,979 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,499 33,505 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 15,080,931 15,089,063 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 Wednesday December 21, 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 $ 10,114 $ 113,207 $ 384,864 Individual Income Taxes 19 703 2,164 Railroad Retirement Taxes 5 239 967 Excise Taxes 51 3,172 14,433 Corporation Income Taxes 447 49,790 63,880 Federal Unemployment Taxes 2 28 600 Estate and Gift Taxes & Misc IRS Rcpts. 0 54 93 Change in Balance of Unclassified Taxes 0 0 0 Total 10,639 167,192 467,001 These Receipts were deposited in: Federal Reserve Account: Directly 234 2,029 8,569 Collector Depositaries 4,766 50,384 142,199 Tax and Loan Accounts 5,020 110,361 298,445 Inter-agency Transfers 619 4,418 17,788 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 35 $ 54 $ 1,948 $ 2,037 Deposits: Taxes Received (Table IV) 6 63 4,951 5,020 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 0 821 821 Depositary Initiated 3 21 4,162 4,186 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 38 96 1,916 2,050 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 21, 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 $ 5 $ 1,246 $ 19,185 Business 39 2,376 15,766 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.