1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 28, 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 $ 91,418 $ 101,791 $ 85,605 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 2,038 2,001 1,999 1,805 Total Operating Balance 93,456 103,792 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 28, 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) 59 682 2,187 Air Transport Security Fees 1 23 413 Commodity Credit Corporation programs 41 633 1,605 Customs and Certain Excise Taxes 87 2,959 9,829 Deposits by States: Supplemental Security Income 3 46 796 Unemployment 3,330 3,689 10,757 Education Department programs 134 2,029 6,977 Energy Department programs 44 453 1,702 Estate and Gift Taxes 25 758 2,846 Federal Reserve Earnings 1,632 5,277 15,855 Foreign Deposits, Military Sales 5 2,153 5,367 FTD's Received (Table IV) 1,857 61,448 159,803 GSE MBS Purchase Program Income 0 15,803 41,030 Housing and Urban Development programs 32 224 622 Individual Income and Employment Taxes, Not Withheld 428 6,614 24,198 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 44 494 1,503 Postal Service 339 7,416 22,382 Public Debt Cash Issues (Table III-B) 936 492,831 1,726,646 Other Deposits: Medicare Premiums 78 2,060 6,169 TARP 73 330 2,093 Thrift Savings Plan Transfer 214 2,374 9,472 Total Other Deposits 365 5,992 28,256 Change in Balance of Uncollected Funds -1 -1 4 Transfers from Depositaries 2,394 132,240 320,131 Total Federal Reserve Account 11,754 741,764 2,382,907 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,432 132,280 320,364 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 2,432 132,280 320,364 Total Deposits (excluding transfers) 11,791 741,803 2,383,140 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 28, 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 81 1,560 9,243 Defense Vendor Payments (EFT) 2,241 32,559 93,947 Education Department programs 954 11,128 40,452 Energy Department programs 144 3,130 10,307 Federal Employees Insurance Payments 195 5,022 16,574 Fed. Highway Administration programs 338 3,721 11,680 Federal Salaries (EFT) 120 13,899 42,748 Food and Nutrition Service (misc) 156 8,477 25,367 GSA programs 82 1,761 5,229 Health and Human Services Grants (misc) 410 7,681 24,603 Housing and Urban Development programs 55 5,703 18,194 Interest on Treasury Securities 2 1,693 44,941 Justice Department programs 66 1,225 4,165 Labor Dept. prgms (excl. unemployment) 35 1,119 3,447 Medicaid 1,359 18,529 57,698 Medicare 2,555 41,192 116,707 NASA programs 119 1,727 4,229 Postal Service Money Orders and Other 148 2,929 9,714 Public Debt Cash Redemp. (Table III-B) 770 446,238 1,424,157 Social Security Benefits (EFT) 9,990 52,725 156,193 Supple. Nutrition Assist. Program (SNAP) 11 358 1,196 Temporary Assistance for Needy Families (HHS) 71 1,119 4,242 Transportation Security Admin. (DHS) 47 132 312 Unemployment Insurance Benefits 646 7,448 23,218 Veterans Affairs programs 79 3,170 9,879 Other Withdrawals: Agriculture 148 949 2,616 Emergency Prep & Response (DHS) 51 1,247 4,045 Export-Import Bank 286 648 2,012 Federal Crop Ins. Corp. 54 1,358 4,090 Federal Financing Bank 62 1,163 2,659 TARP 5 206 643 Unclassified 849 23,935 81,690 Total, Other Withdrawals 1,455 61,706 189,332 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 22,128 735,952 2,347,774 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,394 132,240 320,131 Total Withdrawals (excluding transfers) 22,128 735,952 2,347,774 Net Change in Operating Cash Balance -10,336 5,852 35,366 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 28, 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 0 402,455 1,197,330 Cash Management Series 0 0 10,000 Notes 0 54,939 385,968 Bonds 0 13,476 50,965 Inflation-Protected Securities Increment -48 -1,274 2,072 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 17 239 977 Interest Increment 0 524 1,611 Government Account Series 246,599 4,450,101 14,560,407 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 195 6,233 29,337 Other 724 15,156 48,264 Total Issues 247,487 4,941,847 16,286,931 (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 0 392,415 1,162,318 Notes 0 28,841 181,908 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 41 912 2,432 Government Account Series 252,095 4,480,902 14,527,909 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 2 8,894 29,164 Other 726 15,175 48,335 Total Redemptions 252,864 4,927,140 15,952,066 Net Change in Public Debt Outstanding -5,378 14,707 334,865 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 28, 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) 247,487 4,941,847 16,286,931 Premium on New Issues 0 534 4,768 Discount on New Issues: Bills (-) 0 60 182 Bonds and Notes (-) 0 140 1,183 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 246,599 4,450,101 14,560,407 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 524 1,611 Inflation-Protected Securities Increment -48 -1,274 1,671 Total Public Debt Cash Issues Deposited in Federal Reserve Account 936 492,831 1,726,646 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 252,864 4,927,140 15,952,066 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 (-) 252,095 4,480,902 14,527,909 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 770 446,238 1,424,157 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 28, 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 $ 10,438,072 $ 10,437,577 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,687,133 4,693,006 4,720,541 4,663,309 Total Public Debt Outstanding 15,125,206 15,130,583 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,462 33,468 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 15,082,333 15,087,704 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 28, 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 $ 3,717 $ 142,701 $ 414,358 Individual Income Taxes 49 862 2,323 Railroad Retirement Taxes 3 314 1,042 Excise Taxes 463 3,948 15,209 Corporation Income Taxes 100 51,011 65,101 Federal Unemployment Taxes 3 39 611 Estate and Gift Taxes & Misc IRS Rcpts. 0 58 97 Change in Balance of Unclassified Taxes 0 0 0 Total 4,336 198,932 498,740 These Receipts were deposited in: Federal Reserve Account: Directly 135 2,389 8,928 Collector Depositaries 1,722 59,059 150,874 Tax and Loan Accounts 2,432 132,280 320,364 Inter-agency Transfers 47 5,204 18,574 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 9 $ 86 $ 1,906 $ 2,001 Deposits: Taxes Received (Table IV) 5 50 2,377 2,432 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 0 781 781 Depositary Initiated 1 22 1,589 1,613 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 12 113 1,912 2,038 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 28, 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 $ 0 $ 1,803 $ 19,742 Business 33 2,958 16,348 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.