1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday December 22, 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 $ 101,832 $ 106,592 $ 85,605 $ 56,284 Supplementary Financing Prog 0 0 0 0 Tax and Loan Note Accounts (Table V) 2,024 2,050 1,999 1,805 Total Operating Balance 103,856 108,643 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday December 22, 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) 53 590 2,095 Air Transport Security Fees 2 16 407 Commodity Credit Corporation programs 30 509 1,481 Customs and Certain Excise Taxes 1,525 2,724 9,594 Deposits by States: Supplemental Security Income 1 37 787 Unemployment 31 330 7,398 Education Department programs 138 1,684 6,631 Energy Department programs 56 239 1,488 Estate and Gift Taxes 29 659 2,746 Federal Reserve Earnings 0 3,645 14,223 Foreign Deposits, Military Sales 14 2,095 5,308 FTD's Received (Table IV) 1,135 53,548 151,902 GSE MBS Purchase Program Income 0 15,068 40,395 Housing and Urban Development programs 4 187 585 Individual Income and Employment Taxes, Not Withheld 279 5,364 22,948 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 35 432 1,440 Postal Service 335 6,390 21,356 Public Debt Cash Issues (Table III-B) 91,481 490,376 1,724,191 Other Deposits: Medicare Premiums 626 1,691 5,800 Thrift Savings Plan Transfer 193 2,065 9,163 Total Other Deposits 819 5,213 27,477 Change in Balance of Uncollected Funds 0 -1 5 Transfers from Depositaries 3,027 113,336 301,227 Total Federal Reserve Account 98,993 702,441 2,343,684 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,000 113,362 301,445 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 3,000 113,362 301,445 Total Deposits (excluding transfers) 98,967 702,466 2,343,902 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday December 22, 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 72 1,334 9,017 Defense Vendor Payments (EFT) 1,942 25,599 86,987 Education Department programs 759 8,362 37,686 Energy Department programs 220 2,601 9,777 Federal Employees Insurance Payments 530 4,481 16,033 Fed. Highway Administration programs 346 3,243 11,202 Federal Salaries (EFT) 151 8,743 37,591 Food and Nutrition Service (misc) 400 7,412 24,303 GSA programs 71 1,550 5,018 Health and Human Services Grants (misc) 516 6,545 23,467 Housing and Urban Development programs 155 5,341 17,832 Interest on Treasury Securities 1 1,687 44,935 Justice Department programs 45 1,064 4,004 Labor Dept. prgms (excl. unemployment) 77 930 3,258 Medicaid 1,332 15,922 55,092 Medicare 1,550 35,608 111,123 NASA programs 104 1,362 3,864 Postal Service Money Orders and Other 111 2,417 9,203 Public Debt Cash Redemp. (Table III-B) 92,873 443,717 1,421,636 Social Security Benefits (EFT) 53 42,745 146,212 Supple. Nutrition Assist. Program (SNAP) 16 310 1,147 Temporary Assistance for Needy Families (HHS) 63 890 4,013 Transportation Security Admin. (DHS) 0 84 263 Unemployment Insurance Benefits 345 6,137 21,907 Veterans Affairs programs 130 2,729 9,438 Other Withdrawals: Agency for Internat'l Development 249 987 3,732 Agriculture Loan Payments (misc) 56 592 1,989 Centers for Disease Control 80 501 1,474 Emergency Prep & Response (DHS) 101 1,112 3,911 Federal Aviation Administration 54 588 1,961 Federal Crop Ins. Corp. 146 1,140 3,871 Maritime Administration 101 143 277 Unclassified 1,102 20,649 78,504 Total, Other Withdrawals 1,890 55,402 183,127 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 103,753 686,214 2,298,136 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 3,027 113,336 301,227 Total Withdrawals (excluding transfers) 103,753 686,214 2,298,136 Net Change in Operating Cash Balance -4,787 16,252 45,766 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday December 22, 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 89,792 402,463 1,197,338 Cash Management Series 0 0 10,000 Notes -1 54,939 385,968 Bonds 0 13,476 50,965 Inflation-Protected Securities Increment -48 -984 2,363 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 13 192 931 Interest Increment 1 523 1,610 Government Account Series 240,828 3,719,198 13,829,504 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 623 5,992 29,096 Other 1,060 12,980 46,089 Total Issues 332,268 4,208,779 15,553,864 (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 91,771 392,415 1,162,318 Notes 0 28,841 181,908 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 45 770 2,290 Government Account Series 239,507 3,751,832 13,798,839 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 2 8,695 28,965 Other 1,055 12,997 46,156 Total Redemptions 332,380 4,195,549 15,220,476 Net Change in Public Debt Outstanding -113 13,230 333,388 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday December 22, 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) 332,268 4,208,779 15,553,864 Premium on New Issues 0 534 4,768 Discount on New Issues: Bills (-) 6 60 182 Bonds and Notes (-) 0 140 1,183 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 240,828 3,719,198 13,829,504 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 523 1,610 Inflation-Protected Securities Increment -48 -984 1,961 Total Public Debt Cash Issues Deposited in Federal Reserve Account 91,481 490,376 1,724,191 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 332,380 4,195,549 15,220,476 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 (-) 239,507 3,751,832 13,798,839 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 92,873 443,717 1,421,636 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday December 22, 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 $ 10,438,018 $ 10,438,971 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,685,710 4,684,870 4,720,541 4,663,309 Total Public Debt Outstanding 15,123,728 15,123,841 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,499 33,499 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 15,080,819 15,080,931 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 Thursday December 22, 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 $ 3,473 $ 116,681 $ 388,338 Individual Income Taxes 22 725 2,186 Railroad Retirement Taxes 1 240 968 Excise Taxes 43 3,215 14,476 Corporation Income Taxes 614 50,404 64,494 Federal Unemployment Taxes 2 30 602 Estate and Gift Taxes & Misc IRS Rcpts. 1 55 94 Change in Balance of Unclassified Taxes 0 0 0 Total 4,157 171,349 471,158 These Receipts were deposited in: Federal Reserve Account: Directly 41 2,070 8,610 Collector Depositaries 1,094 51,478 143,293 Tax and Loan Accounts 3,000 113,362 301,445 Inter-agency Transfers 22 4,440 17,810 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 38 $ 96 $ 1,916 $ 2,050 Deposits: Taxes Received (Table IV) 3 26 2,972 3,000 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 38 96 666 801 Depositary Initiated 0 4 2,222 2,226 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 2 22 1,999 2,024 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday December 22, 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 $ 17 $ 1,262 $ 19,201 Business 69 2,445 15,836 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.