1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 30, 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 $ 85,737 $ 90,975 $ 85,605 $ 56,284 Supplementary Financing Program 0 0 0 0 Tax and Loan Note Accounts (Table V) 0 2,017 1,999 1,805 Total Operating Balance 85,737 92,992 87,604 58,090 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 30, 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) 204 945 2,450 Air Transport Security Fees 158 182 573 Commodity Credit Corporation programs 58 727 1,699 Customs and Certain Excise Taxes 52 3,124 9,994 Deposits by States: Supplemental Security Income 1 359 1,109 Unemployment 18 3,722 10,790 Education Department programs 67 2,273 7,221 Energy Department programs 22 489 1,738 Estate and Gift Taxes 65 989 3,077 Federal Reserve Earnings 0 5,277 15,855 Foreign Deposits, Military Sales 87 2,287 5,501 FTD's Received (Table IV) 3,696 69,815 168,169 GSE MBS Purchase Program Income 0 15,803 41,030 Housing and Urban Development programs 1 227 625 Individual Income and Employment Taxes, Not Withheld 321 8,030 25,615 Interest recd from T&L Depositaries 0 0 0 Justice Department programs 8 556 1,565 Postal Service 310 8,010 22,976 Public Debt Cash Issues (Table III-B) 13,668 600,353 1,834,168 Other Deposits: Deposit Insurance Fund 423 427 1,946 FSA Tobacco Assessments 176 229 235 GSE Dividends 4,276 4,276 4,276 Medicare Premiums 61 2,167 6,276 Minerals Management Svc/Collections 257 421 2,222 Total Other Deposits 5,193 11,185 33,449 Change in Balance of Uncollected Funds -1 -1 4 Transfers from Depositaries 10,446 147,853 335,743 Total Federal Reserve Account 34,374 882,207 2,523,350 Tax and Loan Note Accounts: FTD's Received (Table IV) 8,430 145,854 333,938 Transfers from Federal Reserve Account (Table V) 0 0 0 Total Tax and Loan Note Accounts (Table V) 8,430 145,854 333,938 Total Deposits (excluding transfers) 32,358 880,208 2,521,545 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 30, 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 51 1,695 9,378 Defense Vendor Payments (EFT) 1,945 36,217 97,605 Education Department programs 800 13,026 42,350 Energy Department programs 219 3,554 10,731 Federal Employees Insurance Payments 271 5,659 17,212 Fed. Highway Administration programs 6 3,858 11,817 Federal Salaries (EFT) 324 15,093 43,941 Food and Nutrition Service (misc) 202 8,853 25,744 GSA programs 30 1,962 5,430 Health and Human Services Grants (misc) 529 8,604 25,526 Housing and Urban Development programs 188 6,129 18,619 Interest on Treasury Securities 1 1,697 44,945 Justice Department programs 33 1,356 4,296 Labor Dept. prgms (excl. unemployment) 56 1,274 3,602 Medicaid 755 20,509 59,679 Medicare 1,305 44,227 119,742 NASA programs 0 1,727 4,229 Postal Service Money Orders and Other 361 3,409 10,195 Public Debt Cash Redemp. (Table III-B) 1,259 542,918 1,520,837 Social Security Benefits (EFT) 1/ -3 52,718 156,185 Supple. Nutrition Assist. Program (SNAP) 38 407 1,245 Temporary Assistance for Needy Families (HHS) 185 1,545 4,667 Transportation Security Admin. (DHS) 0 133 312 Unemployment Insurance Benefits 164 8,129 23,899 Veterans Affairs programs 335 3,656 10,365 Other Withdrawals: Deposit Insurance Fund 343 1,017 2,139 Emergency Prep & Response (DHS) 68 1,348 4,147 Federal Crop Ins. Corp. 68 1,502 4,233 Federal Financing Bank 55 1,277 2,773 Federal Transit Admin. 55 1,158 3,399 GSE Investment 13,783 13,783 13,783 IRS Tax Refunds Individual (EFT) 80 380 6,024 Military Active Duty Pay (EFT) 3,873 10,840 21,111 Military Retirement (EFT) 3,627 7,439 11,572 Pension Benefit Guaranty Corp. 446 480 1,439 State Department 197 1,145 2,895 Supple. Security Income Benefits (EFT) 3,226 6,568 10,038 Veterans Benefits (EFT) 3,907 8,010 12,483 Unclassified 831 25,672 83,428 Total, Other Withdrawals 30,559 93,723 221,348 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 39,613 882,076 2,493,898 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,446 147,853 335,743 Total Withdrawals (excluding transfers) 39,613 882,076 2,493,898 Net Change in Operating Cash Balance -7,256 -1,868 27,647 1/Reported as a negative amount due to a return/reversal of $1 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 30, 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 -2 494,752 1,289,627 Cash Management Series 0 0 10,000 Notes 12,000 66,938 397,968 Bonds 0 13,476 50,965 Inflation-Protected Securities Increment 276 -1,047 2,300 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 21 275 1,013 Interest Increment 1 525 1,612 Government Account Series 343,837 5,044,086 15,154,392 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 59 6,766 29,870 Other 739 16,969 50,077 Total Issues 356,929 5,642,741 16,987,825 (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 0 486,713 1,256,616 Notes 0 28,841 181,908 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 1,014 2,534 Government Account Series 258,630 4,987,382 15,034,388 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 467 9,374 29,644 Other 742 16,976 50,135 Total Redemptions 259,888 5,530,299 16,555,226 Net Change in Public Debt Outstanding 97,041 112,441 432,600 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 30, 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) 356,929 5,642,741 16,987,825 Premium on New Issues 527 1,062 5,295 Discount on New Issues: Bills (-) 0 69 192 Bonds and Notes (-) 0 140 1,183 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 343,837 5,044,086 15,154,392 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 525 1,612 Inflation-Protected Securities Increment -49 -1,371 1,574 Total Public Debt Cash Issues Deposited in Federal Reserve Account 13,668 600,353 1,834,168 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 259,888 5,530,299 16,555,226 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 (-) 258,630 4,987,382 15,034,388 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 1,259 542,918 1,520,837 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 30, 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 $ 10,447,663 $ 10,435,857 $ 10,389,958 $ 10,127,031 Intragovernmental Holdings 4,775,277 4,690,042 4,720,541 4,663,309 Total Public Debt Outstanding 15,222,940 15,125,899 15,110,499 14,790,340 Less: Debt Not Subject to Limit: Other Debt 487 487 487 487 Unamortized Discount 33,192 33,465 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 15,180,337 15,083,022 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 30, 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 $ 11,251 $ 162,271 $ 433,928 Individual Income Taxes 72 971 2,432 Railroad Retirement Taxes 21 336 1,065 Excise Taxes 16 5,956 17,218 Corporation Income Taxes 1,035 52,122 66,212 Federal Unemployment Taxes 9 52 624 Estate and Gift Taxes & Misc IRS Rcpts. 1 60 100 Change in Balance of Unclassified Taxes 0 0 0 Total 12,404 221,769 521,578 These Receipts were deposited in: Federal Reserve Account: Directly 27 3,342 9,882 Collector Depositaries 3,669 66,472 158,287 Tax and Loan Accounts 8,430 145,854 333,938 Inter-agency Transfers 279 6,100 19,471 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 132 $ 1,870 $ 2,017 Deposits: Taxes Received (Table IV) 9 92 8,329 8,430 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 20 166 2,837 3,024 Depositary Initiated 3 58 7,362 7,423 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 0 0 0 0 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 30, 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 $ 446 2/$ 2,249 2/$ 20,188 Business 0 2,958 16,348 2/Does not include $22 million offset by FMS for the month of December 2011, and $259 million for the fiscal year-to-date for Treasury Offset Program ag ainst Tax Refunds issued. 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.