1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Type of account balance This This today Today month fiscal year ____________________________________________________________________________________________ Federal Reserve Account $ 65,210 $ 57,606 $ 108,270 $ 158,302 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 65,210 $ 57,606 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (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) $ 14 $ 99 $ 1,548 Air Transport Security Fees 1 5 628 Cash FTD's Received (Table IV) 2,464 35,114 387,743 Commodity Credit Corporation programs 33 109 480 Customs and Certain Excise Taxes 62 280 8,291 Deposits by States: Supplemental Security Income 4 9 621 Unemployment 21 94 6,575 Education Department programs 107 810 8,678 Energy Department programs 8 59 1,013 Estate and Gift Taxes 38 246 3,319 Federal Reserve Earnings 0 2,042 18,163 Foreign Deposits, Military Sales 48 1,142 5,902 Housing and Urban Development programs 2 44 521 Individual Income and Employment Taxes, Not Withheld 157 1,109 25,367 Interest recd from cash investments 0 0 0 Justice Department programs 8 85 9,652 Postal Service 403 1,563 16,741 Public Debt Cash Issues (Table III-B) 102,138 197,781 1,358,658 Other Deposits: Federal Housing Admin: Note Sales 129 306 3,993 Medicare Premiums 54 295 5,122 TARP 24 38 310 Total Other Deposits 207 1,401 30,387 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 105,715 241,990 1,884,287 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 105,715 $ 241,990 $ 1,884,287 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (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 $ 98 $ 432 $ 6,665 Defense Vendor Payments (EFT) 1,281 4,202 51,580 Education Department programs 468 2,217 26,519 Energy Department programs 163 469 5,792 Federal Employees Insurance Payments 177 887 13,162 Fed. Highway Administration programs 175 534 8,126 Federal Salaries (EFT) 385 1,016 27,472 Food and Nutrition Service (misc) 109 516 5,520 GSA programs 77 711 3,625 Health and Human Services Grants (misc) 333 1,219 16,368 Housing and Urban Development programs 297 3,023 16,201 Interest on Treasury Securities 0 6,122 46,992 IRS Tax Refunds Business (EFT) 36 105 4,017 IRS Tax Refunds Individual (EFT) 13 99 7,085 Justice Department programs 51 194 2,735 Labor Dept. prgms (excl. unemployment) 65 190 2,445 Medicaid 1,803 5,390 57,592 Medicare and Other CMS Payments 1,752 6,592 69,653 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 86 589 3,151 Postal Service Money Orders and Other 139 557 6,854 Public Debt Cash Redemp. (Table III-B) 88,518 175,468 1,205,931 Social Security Benefits (EFT) 37 24,189 153,343 Supple. Nutrition Assist. Program (SNAP) 213 736 13,153 Temporary Assistance for Needy Families (HHS) 81 210 2,066 Transportation Security Admin. (DHS) 9 41 389 Unemployment Insurance Benefits 84 626 5,296 Veterans Affairs programs 213 1,334 9,883 Other Withdrawals: Agency for Internat'l Development 83 188 2,917 Federal Crop Ins. Corp. 76 198 3,446 State Department 79 209 2,209 Veterans Benefits (EFT) 58 5,414 17,007 Unclassified 1,154 3,399 41,382 Total, Other Withdrawals 1,449 29,070 142,053 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 98,111 285,050 1,977,378 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 98,111 $ 285,050 $ 1,977,378 Net Change in Operating Cash Balance $ 7,604 $ -43,060 $ -93,091 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (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 $ 99,992 $ 99,992 $ 933,942 Cash Management Series 0 0 0 Notes 0 92,000 324,057 Bonds 0 0 36,014 Inflation-Protected Securities Increment -86 -179 -1,051 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 16 144 Interest Increment 3 470 1,504 Government Account Series 273,625 1,099,546 12,171,862 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 772 1,892 20,316 Other 1,382 4,237 45,043 Total Issues $ 375,692 $ 1,297,973 $ 13,531,832 (Stated at face value except for savings and retirement plan securities which are stated at current redemption values.) ___________________________________________________________________________________________ This Fiscal Redemptions Today month year to date to date ____________________________________________________________________________________________ Marketable: Bills $ 87,002 $ 87,002 $ 892,010 Notes 0 78,261 247,214 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 191 1,716 Government Account Series 270,345 1,134,328 12,156,000 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 100 5,790 17,556 Other 1,368 4,224 44,959 Total Redemptions $ 358,863 $ 1,309,796 $ 13,362,177 Net Change in Public Debt Outstanding $ 16,830 $ -11,823 $ 169,655 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (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) $ 375,692 $ 1,297,973 $ 13,531,832 Premium on New Issues 0 0 821 Discount on New Issues: Bills (-) 13 13 160 Bonds and Notes (-) 0 343 1,708 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 273,625 1,099,546 12,171,862 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 470 1,504 Inflation-Protected Securities Increment -86 -179 -1,240 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 102,138 $ 197,781 $ 1,358,658 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 358,863 $ 1,309,796 $ 13,362,177 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 (-) 270,345 1,134,328 12,156,246 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 88,518 $ 175,468 $ 1,205,931 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, December 4, 2014 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Balance Transactions balance This This today Today month fiscal year ____________________________________________________________________________________________ Debt Held by the Public $ 12,945,812 $ 12,931,968 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,047,915 5,044,929 5,082,868 5,039,100 Total Public Debt Outstanding 17,993,726 17,976,896 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,243 26,239 26,266 28,374 Federal Financing Bank 13,612 13,612 13,612 13,612 Hope Bonds 494 494 494 494 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 17,952,893 $ 17,936,067 $ 17,964,694 $ 17,781,107 Statutory Debt Limit * * * * *Statutory debt limit temporarily suspended through March 15, 2015. 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 4, 2014 (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 $ 2,228 $ 36,525 $ 368,625 Individual Income Taxes 54 229 4,504 Railroad Retirement Taxes 0 23 1,005 Excise Taxes 9 56 12,594 Corporation Income Taxes 191 333 17,075 Federal Unemployment Taxes 1 6 661 Estate and Gift Taxes & Misc IRS Rcpts. 1 424 638 Total $ 2,485 $ 37,596 $ 405,102 Cash Federal Tax Deposits: Direct $ 23 $ 145 $ 5,435 Through Depositaries 2,441 34,968 382,308 Total Cash FTD's $ 2,464 $ 35,114 $ 387,743 Inter-agency Transfers 21 2,482 17,359 Total $ 2,485 $ 37,596 $ 405,102 ___________________________________________________________________________________________ TABLE V Short-Term Cash Investments ___________________________________________________________________________________________ Type of Depositary Balance Transactions ______________________________________ Total A B C ____________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 0 Deposits: 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 0 0 Depositary Initiated 0 0 0 0 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 Thursday, December 4, 2014 (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 ____________________________________________________________________________________________ IRS Tax Refunds Business (Checks) $ 79 $ 375 $ 6,107 IRS Tax Refunds Business (EFT) 36 105 4,017 IRS Tax Refunds Individual (Checks) 25 750 9,708 IRS Tax Refunds Individual (EFT) 13 99 7,085 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 short-term cash investments. Treasury minimized and then suspended its short-term cash investment program beginning in November 2008, but anticipates investing again when market conditions warrant. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, various electronic systems, and information on the Public Debt. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Bureau of the Fiscal Service, Department of the Treasury. Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Fiscal Service website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9789.