1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, December 12, 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 $ 76,111 $ 57,578 $ 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 $ 76,111 $ 57,578 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, December 12, 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) $ 19 $ 233 $ 1,683 Air Transport Security Fees 0 1 624 Cash FTD's Received (Table IV) 24,937 97,524 450,154 Commodity Credit Corporation programs 20 243 614 Customs and Certain Excise Taxes 129 774 8,785 Deposits by States: Supplemental Security Income 3 30 642 Unemployment 15 243 6,723 Education Department programs 117 1,832 9,700 Energy Department programs 16 126 1,081 Estate and Gift Taxes 20 629 3,702 Federal Reserve Earnings 0 3,434 19,554 Foreign Deposits, Military Sales 28 1,353 6,113 Housing and Urban Development programs 5 132 609 Individual Income and Employment Taxes, Not Withheld 380 3,336 27,595 Interest recd from cash investments 0 0 0 Justice Department programs 53 346 9,912 Postal Service 350 4,091 19,270 Public Debt Cash Issues (Table III-B) 1,069 330,661 1,491,538 Other Deposits: International Monetary Fund 846 1,963 3,327 Medicare Premiums 93 819 5,647 Total Other Deposits 939 4,953 33,939 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 28,100 449,941 2,092,238 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 28,100 $ 449,941 $ 2,092,238 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, December 12, 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 $ 93 $ 1,233 $ 7,466 Defense Vendor Payments (EFT) 1,361 12,722 60,100 Education Department programs 507 4,863 29,165 Energy Department programs 126 1,047 6,370 Federal Employees Insurance Payments 244 2,930 15,205 Fed. Highway Administration programs 124 1,330 8,922 Federal Salaries (EFT) 82 6,793 33,249 Food and Nutrition Service (misc) 123 1,454 6,458 GSA programs 45 996 3,910 Health and Human Services Grants (misc) 415 3,538 18,687 Housing and Urban Development programs 216 4,144 17,322 Interest on Treasury Securities 0 6,122 46,992 IRS Tax Refunds Business (EFT) 152 1,148 5,060 IRS Tax Refunds Individual (EFT) 3 290 7,276 Justice Department programs 62 592 3,133 Labor Dept. prgms (excl. unemployment) 147 601 2,855 Medicaid 830 15,326 67,528 Medicare and Other CMS Payments 672 13,716 76,777 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 93 929 3,491 Postal Service Money Orders and Other 111 1,665 7,962 Public Debt Cash Redemp. (Table III-B) 1,014 297,243 1,327,706 Social Security Benefits (EFT) 43 38,115 167,268 Supple. Nutrition Assist. Program (SNAP) 329 3,035 15,451 Temporary Assistance for Needy Families (HHS) 167 594 2,451 Transportation Security Admin. (DHS) 2 79 427 Unemployment Insurance Benefits 48 1,298 5,968 Veterans Affairs programs 141 2,323 10,873 Other Withdrawals: Agriculture Loan Payments (misc) 51 322 1,645 Centers for Disease Control 58 193 897 Federal Crop Ins. Corp. 68 544 3,792 Federal Financing Bank 137 495 1,005 Interior 62 369 1,904 International Monetary Fund 856 894 1,535 TARP 37 37 847 Thrift Savings Plan Transfer 213 1,449 6,495 Unclassified 933 10,434 48,417 Total, Other Withdrawals 2,416 39,662 152,645 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,567 482,100 2,174,429 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 9,567 $ 482,100 $ 2,174,429 Net Change in Operating Cash Balance $ 18,532 $ -32,160 $ -82,191 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, December 12, 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 $ 0 $ 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 -85 -868 -1,740 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 38 166 Interest Increment 3 486 1,521 Government Account Series 266,244 2,716,899 13,789,215 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 116 3,658 22,081 Other 949 10,411 51,218 Total Issues $ 267,230 $ 3,047,602 $ 15,281,460 (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 $ 0 $ 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 43 450 1,975 Government Account Series 266,932 2,757,427 13,779,098 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 20 7,138 18,905 Other 951 10,393 51,128 Total Redemptions $ 267,946 $ 3,054,670 $ 15,107,051 Net Change in Public Debt Outstanding $ -716 $ -7,068 $ 174,410 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, December 12, 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) $ 267,230 $ 3,047,602 $ 15,281,460 Premium on New Issues 0 0 821 Discount on New Issues: Bills (-) 0 81 228 Bonds and Notes (-) 0 343 1,708 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 266,244 2,716,899 13,789,215 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 486 1,521 Inflation-Protected Securities Increment -85 -868 -1,929 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,069 $ 330,661 $ 1,491,538 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 267,946 $ 3,054,670 $ 15,107,051 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 (-) 266,932 2,757,427 13,779,344 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,014 $ 297,243 $ 1,327,706 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, December 12, 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 $ 12,955,794 $ 12,956,054 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,042,687 5,043,143 5,082,868 5,039,100 Total Public Debt Outstanding 17,998,481 17,999,197 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,239 26,248 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 $ 17,957,652 $ 17,958,358 $ 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 Friday, December 12, 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 $ 6,945 $ 78,874 $ 410,974 Individual Income Taxes 108 631 4,906 Railroad Retirement Taxes 31 171 1,153 Excise Taxes 2,013 2,953 15,492 Corporation Income Taxes 15,842 19,534 36,276 Federal Unemployment Taxes 3 19 674 Estate and Gift Taxes & Misc IRS Rcpts. 0 429 643 Total $ 24,942 $ 102,611 $ 470,117 Cash Federal Tax Deposits: Direct $ 641 $ 983 $ 6,273 Through Depositaries 24,296 96,541 443,881 Total Cash FTD's $ 24,937 $ 97,524 $ 450,154 Inter-agency Transfers 5 5,086 19,963 Total $ 24,942 $ 102,611 $ 470,117 ___________________________________________________________________________________________ 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 Friday, December 12, 2014 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued ___________________________________________________________________________________________ Classification This Fiscal Today month year to date to date ____________________________________________________________________________________________ IRS Tax Refunds Business (Checks) $ 21 $ 788 $ 6,520 IRS Tax Refunds Business (EFT) 152 1,148 5,060 IRS Tax Refunds Individual (Checks) 821 1,869 10,827 IRS Tax Refunds Individual (EFT) 3 290 7,276 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.