1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, December 15, 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 $ 169,496 $ 76,111 $ 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 $ 169,496 $ 76,111 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, December 15, 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) $ 48 $ 281 $ 1,731 Air Transport Security Fees 0 1 624 Cash FTD's Received (Table IV) 77,977 175,502 528,131 Commodity Credit Corporation programs 5 248 619 Customs and Certain Excise Taxes 92 867 8,877 Deposits by States: Supplemental Security Income 1 31 643 Unemployment 16 258 6,739 Education Department programs 181 2,013 9,881 Energy Department programs 61 187 1,142 Estate and Gift Taxes 29 658 3,731 Federal Reserve Earnings 0 3,434 19,554 Foreign Deposits, Military Sales 24 1,377 6,137 Housing and Urban Development programs 5 137 615 Individual Income and Employment Taxes, Not Withheld 429 3,765 28,024 Interest recd from cash investments 0 0 0 Justice Department programs 8 353 9,920 Postal Service 424 4,515 19,694 Public Debt Cash Issues (Table III-B) 61,145 391,806 1,552,682 Other Deposits: Defense Finance & Accounting Service 71 321 1,549 Federal Finance Bank 193 196 1,542 Federal Housing Admin: Note Sales 172 1,236 4,923 Medicare Premiums 496 1,315 6,143 TARP 1 45 317 Total Other Deposits 933 5,887 34,873 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 141,379 591,320 2,233,617 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 141,379 $ 591,320 $ 2,233,617 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, December 15, 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 $ 89 $ 1,322 $ 7,555 Defense Vendor Payments (EFT) 1,134 13,855 61,234 Education Department programs 565 5,429 29,730 Energy Department programs 78 1,124 6,447 Federal Employees Insurance Payments 298 3,228 15,503 Fed. Highway Administration programs 114 1,444 9,036 Federal Salaries (EFT) 148 6,941 33,397 Food and Nutrition Service (misc) 185 1,639 6,644 GSA programs 75 1,071 3,985 Health and Human Services Grants (misc) 401 3,939 19,089 Housing and Urban Development programs 181 4,325 17,503 Interest on Treasury Securities 418 6,540 47,410 IRS Tax Refunds Business (EFT) 57 1,205 5,117 IRS Tax Refunds Individual (EFT) 3 293 7,280 Justice Department programs 50 642 3,183 Labor Dept. prgms (excl. unemployment) 48 648 2,903 Medicaid 872 16,197 68,400 Medicare and Other CMS Payments 651 14,367 77,427 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 45 974 3,537 Postal Service Money Orders and Other 139 1,804 8,101 Public Debt Cash Redemp. (Table III-B) 36,995 334,239 1,364,702 Social Security Benefits (EFT) 42 38,157 167,311 Supple. Nutrition Assist. Program (SNAP) 762 3,797 16,213 Temporary Assistance for Needy Families (HHS) 43 637 2,494 Transportation Security Admin. (DHS) 31 110 458 Unemployment Insurance Benefits 99 1,398 6,067 Veterans Affairs programs 217 2,540 11,089 Other Withdrawals: Agency for Internat'l Development 278 834 3,562 Commerce Programs 86 250 1,048 Federal Crop Ins. Corp. 78 622 3,870 Federal Transit Admin. 86 392 2,041 Military Active Duty Pay (EFT) 2,711 6,385 19,621 Thrift Savings Plan Transfer 98 1,547 6,593 Unclassified 916 11,350 49,333 Total, Other Withdrawals 4,253 43,916 156,898 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 47,994 530,094 2,222,423 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 47,994 $ 530,094 $ 2,222,423 Net Change in Operating Cash Balance $ 93,386 $ 61,226 $ 11,195 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, December 15, 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 46,000 138,000 370,057 Bonds 13,000 13,000 49,014 Inflation-Protected Securities Increment -259 -1,128 -2,000 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 6 43 172 Interest Increment 3 490 1,524 Government Account Series 270,746 2,987,645 14,059,961 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 751 4,409 22,833 Other 974 11,386 52,192 Total Issues $ 331,221 $ 3,378,822 $ 15,612,681 (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 33,170 111,431 280,384 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 497 2,022 Government Account Series 266,218 3,023,645 14,045,316 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 2,827 9,965 21,732 Other 951 11,345 52,080 Total Redemptions $ 303,214 $ 3,357,884 $ 15,410,264 Net Change in Public Debt Outstanding $ 28,007 $ 20,939 $ 202,417 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, December 15, 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) $ 331,221 $ 3,378,822 $ 15,612,681 Premium on New Issues 462 462 1,283 Discount on New Issues: Bills (-) 0 81 228 Bonds and Notes (-) 49 391 1,757 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 270,746 2,987,645 14,059,961 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 490 1,524 Inflation-Protected Securities Increment -259 -1,128 -2,188 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 61,145 $ 391,806 $ 1,552,682 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 303,214 $ 3,357,884 $ 15,410,264 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 (-) 266,218 3,023,645 14,045,563 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 36,995 $ 334,239 $ 1,364,702 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, December 15, 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 $ 12,979,180 $ 12,955,794 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,047,308 5,042,687 5,082,868 5,039,100 Total Public Debt Outstanding 18,026,488 17,998,481 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,212 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 $ 17,985,686 $ 17,957,652 $ 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 Monday, December 15, 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 $ 18,720 $ 97,594 $ 429,694 Individual Income Taxes 223 854 5,130 Railroad Retirement Taxes 46 217 1,199 Excise Taxes 144 3,097 15,636 Corporation Income Taxes 58,846 78,380 95,122 Federal Unemployment Taxes 5 23 678 Estate and Gift Taxes & Misc IRS Rcpts. 25 455 668 Total $ 78,010 $ 180,620 $ 548,127 Cash Federal Tax Deposits: Direct $ 51 $ 1,035 $ 6,324 Through Depositaries 77,926 174,467 521,807 Total Cash FTD's $ 77,977 $ 175,502 $ 528,131 Inter-agency Transfers 32 5,119 19,996 Total $ 78,010 $ 180,620 $ 548,127 ___________________________________________________________________________________________ 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 Monday, December 15, 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) $ 6 $ 795 $ 6,527 IRS Tax Refunds Business (EFT) 57 1,205 5,117 IRS Tax Refunds Individual (Checks) 22 1,891 10,849 IRS Tax Refunds Individual (EFT) 3 293 7,280 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.