1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, December 11, 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 $ 57,578 $ 48,807 $ 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 $ 57,578 $ 48,807 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, December 11, 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 $ 214 $ 1,664 Air Transport Security Fees 3 0 623 Cash FTD's Received (Table IV) 5,122 72,587 425,217 Commodity Credit Corporation programs 18 223 594 Customs and Certain Excise Taxes 83 645 8,656 Deposits by States: Supplemental Security Income 2 27 639 Unemployment 13 228 6,708 Education Department programs 162 1,715 9,583 Energy Department programs 8 110 1,065 Estate and Gift Taxes 29 609 3,682 Federal Reserve Earnings 0 3,434 19,554 Foreign Deposits, Military Sales 21 1,325 6,085 Housing and Urban Development programs 40 127 604 Individual Income and Employment Taxes, Not Withheld 281 2,957 27,215 Interest recd from cash investments 0 0 0 Justice Department programs 106 292 9,859 Postal Service 363 3,741 18,920 Public Debt Cash Issues (Table III-B) 127,038 329,592 1,490,469 Other Deposits: Commodity Futures Trading Commission 276 276 1,478 Medicare Premiums 52 727 5,554 Total Other Deposits 328 4,014 33,000 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 133,631 421,841 2,064,138 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 133,631 $ 421,841 $ 2,064,138 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, December 11, 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 $ 102 $ 1,140 $ 7,373 Defense Vendor Payments (EFT) 1,737 11,360 58,738 Education Department programs 356 4,357 28,658 Energy Department programs 99 921 6,244 Federal Employees Insurance Payments 366 2,686 14,961 Fed. Highway Administration programs 173 1,206 8,798 Federal Salaries (EFT) 657 6,711 33,167 Food and Nutrition Service (misc) 130 1,330 6,335 GSA programs 62 952 3,865 Health and Human Services Grants (misc) 377 3,123 18,272 Housing and Urban Development programs 176 3,928 17,106 Interest on Treasury Securities 0 6,122 46,992 IRS Tax Refunds Business (EFT) 15 997 4,909 IRS Tax Refunds Individual (EFT) 4 286 7,273 Justice Department programs 84 531 3,071 Labor Dept. prgms (excl. unemployment) 101 454 2,708 Medicaid 1,720 14,495 66,698 Medicare and Other CMS Payments 1,053 13,044 76,104 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 25 836 3,399 Postal Service Money Orders and Other 123 1,554 7,851 Public Debt Cash Redemp. (Table III-B) 115,537 296,230 1,326,693 Social Security Benefits (EFT) 39 38,072 167,225 Supple. Nutrition Assist. Program (SNAP) 306 2,705 15,122 Temporary Assistance for Needy Families (HHS) 31 428 2,284 Transportation Security Admin. (DHS) 5 77 425 Unemployment Insurance Benefits 94 1,250 5,920 Veterans Affairs programs 135 2,182 10,732 Other Withdrawals: Agency for Internat'l Development 66 518 3,246 Centers for Disease Control 61 135 840 Federal Crop Ins. Corp. 75 476 3,725 Federal Financing Bank 213 357 867 Treasury Dept: Claims Payments 57 57 1,023 Unclassified 881 9,501 47,484 Total, Other Withdrawals 1,353 37,246 150,229 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 124,859 472,533 2,164,862 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 124,859 $ 472,533 $ 2,164,862 Net Change in Operating Cash Balance $ 8,771 $ -50,692 $ -100,724 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, December 11, 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 $ 124,989 $ 224,977 $ 1,058,928 Cash Management Series 0 0 0 Notes 0 92,000 324,057 Bonds 0 0 36,014 Inflation-Protected Securities Increment -86 -783 -1,655 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 34 162 Interest Increment 2 483 1,517 Government Account Series 272,216 2,450,656 13,522,972 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 635 3,542 21,965 Other 1,479 9,463 50,269 Total Issues $ 399,238 $ 2,780,371 $ 15,014,230 (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 $ 113,999 $ 201,000 $ 1,006,009 Notes 0 78,261 247,214 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 42 407 1,932 Government Account Series 269,914 2,490,495 13,512,166 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 37 7,118 18,885 Other 1,460 9,442 50,177 Total Redemptions $ 385,451 $ 2,786,724 $ 14,839,105 Net Change in Public Debt Outstanding $ 13,787 $ -6,353 $ 175,125 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, December 11, 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) $ 399,238 $ 2,780,371 $ 15,014,230 Premium on New Issues 0 0 821 Discount on New Issues: Bills (-) 68 81 228 Bonds and Notes (-) 0 343 1,708 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 272,216 2,450,656 13,522,972 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 483 1,517 Inflation-Protected Securities Increment -86 -783 -1,843 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 127,038 $ 329,592 $ 1,490,469 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 385,451 $ 2,786,724 $ 14,839,105 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 (-) 269,914 2,490,495 13,512,412 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 115,537 $ 296,230 $ 1,326,693 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, December 11, 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 $ 12,956,054 $ 12,944,641 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,043,143 5,040,768 5,082,868 5,039,100 Total Public Debt Outstanding 17,999,197 17,985,410 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,248 26,189 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 $ 17,958,358 $ 17,944,630 $ 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 11, 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 $ 3,767 $ 71,929 $ 404,029 Individual Income Taxes 51 523 4,798 Railroad Retirement Taxes 14 140 1,122 Excise Taxes 344 940 13,479 Corporation Income Taxes 1,749 3,692 20,434 Federal Unemployment Taxes 1 15 670 Estate and Gift Taxes & Misc IRS Rcpts. 2 429 643 Total $ 5,929 $ 77,669 $ 445,176 Cash Federal Tax Deposits: Direct $ 70 $ 343 $ 5,632 Through Depositaries 5,052 72,245 419,585 Total Cash FTD's $ 5,122 $ 72,587 $ 425,217 Inter-agency Transfers 807 5,082 19,959 Total $ 5,929 $ 77,669 $ 445,176 ___________________________________________________________________________________________ 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 11, 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) $ 31 $ 767 $ 6,499 IRS Tax Refunds Business (EFT) 15 997 4,909 IRS Tax Refunds Individual (Checks) 30 1,049 10,006 IRS Tax Refunds Individual (EFT) 4 286 7,273 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.