1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ 176,709 $ 169,496 $ 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 $ 176,709 $ 169,496 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, December 16, 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) $ 37 $ 318 $ 1,768 Air Transport Security Fees 0 2 625 Cash FTD's Received (Table IV) 13,443 188,945 541,574 Commodity Credit Corporation programs 7 255 626 Customs and Certain Excise Taxes 82 949 8,960 Deposits by States: Supplemental Security Income 2 33 645 Unemployment 17 276 6,756 Education Department programs 379 2,392 10,260 Energy Department programs 9 196 1,151 Estate and Gift Taxes 49 706 3,780 Federal Reserve Earnings 0 3,434 19,554 Foreign Deposits, Military Sales 20 1,397 6,157 Housing and Urban Development programs 0 138 615 Individual Income and Employment Taxes, Not Withheld 420 4,186 28,444 Interest recd from cash investments 0 0 0 Justice Department programs 12 365 9,932 Postal Service 490 5,005 20,184 Public Debt Cash Issues (Table III-B) 1,616 393,421 1,554,298 Other Deposits: Federal Housing Admin: Note Sales 89 1,325 5,012 International Monetary Fund 355 2,329 3,693 Medicare Premiums 162 1,478 6,305 Total Other Deposits 606 6,493 35,479 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 17,191 608,510 2,250,808 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 17,191 $ 608,510 $ 2,250,808 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ 110 $ 1,431 $ 7,664 Defense Vendor Payments (EFT) 1,753 15,608 62,986 Education Department programs 397 5,826 30,127 Energy Department programs 106 1,231 6,554 Federal Employees Insurance Payments 242 3,471 15,746 Fed. Highway Administration programs 123 1,567 9,159 Federal Salaries (EFT) 79 7,020 33,476 Food and Nutrition Service (misc) 78 1,717 6,721 GSA programs 57 1,127 4,041 Health and Human Services Grants (misc) 428 4,367 19,517 Housing and Urban Development programs 180 4,505 17,683 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 29 1,234 5,145 IRS Tax Refunds Individual (EFT) 4 298 7,284 Justice Department programs 64 707 3,248 Labor Dept. prgms (excl. unemployment) 58 707 2,961 Medicaid 1,210 17,408 69,610 Medicare and Other CMS Payments 1,225 15,592 78,653 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 36 1,011 3,573 Postal Service Money Orders and Other 115 1,919 8,217 Public Debt Cash Redemp. (Table III-B) 1,244 335,483 1,365,946 Social Security Benefits (EFT) 41 38,199 167,352 Supple. Nutrition Assist. Program (SNAP) 316 4,113 16,530 Temporary Assistance for Needy Families (HHS) 90 728 2,584 Transportation Security Admin. (DHS) 4 114 463 Unemployment Insurance Benefits 260 1,658 6,328 Veterans Affairs programs 169 2,709 11,258 Other Withdrawals: Agency for Internat'l Development 275 1,109 3,838 Agriculture 61 689 2,774 Agriculture Loan Payments (misc) 66 417 1,740 Centers for Disease Control 76 273 978 Thrift Savings Plan Transfer 203 1,749 6,796 Unclassified 877 12,227 50,210 Total, Other Withdrawals 1,557 45,472 158,455 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 9,978 540,072 2,232,401 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 9,978 $ 540,072 $ 2,232,401 Net Change in Operating Cash Balance $ 7,213 $ 68,438 $ 18,407 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 0 138,000 370,057 Bonds 0 13,000 49,014 Inflation-Protected Securities Increment -86 -1,213 -2,085 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 47 175 Interest Increment 3 493 1,527 Government Account Series 272,796 3,260,441 14,332,757 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 667 5,077 23,500 Other 945 12,330 53,137 Total Issues $ 274,330 $ 3,653,152 $ 15,887,011 (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 0 111,431 280,384 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 50 547 2,072 Government Account Series 266,289 3,289,934 14,311,605 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 249 10,214 21,981 Other 945 12,290 53,025 Total Redemptions $ 267,533 $ 3,625,416 $ 15,677,797 Net Change in Public Debt Outstanding $ 6,797 $ 27,736 $ 209,214 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, December 16, 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) $ 274,330 $ 3,653,152 $ 15,887,011 Premium on New Issues 0 462 1,283 Discount on New Issues: Bills (-) 0 81 228 Bonds and Notes (-) 0 391 1,757 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 272,796 3,260,441 14,332,757 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 493 1,527 Inflation-Protected Securities Increment -86 -1,213 -2,274 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,616 $ 393,421 $ 1,554,298 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 267,533 $ 3,625,416 $ 15,677,797 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 (-) 266,289 3,289,934 14,311,851 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,244 $ 335,483 $ 1,365,946 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, December 16, 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 $ 12,979,253 $ 12,979,180 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,054,033 5,047,308 5,082,868 5,039,100 Total Public Debt Outstanding 18,033,285 18,026,488 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,203 26,212 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 $ 17,992,492 $ 17,985,686 $ 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 Tuesday, December 16, 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 $ 12,041 $ 109,635 $ 441,735 Individual Income Taxes 86 941 5,216 Railroad Retirement Taxes 35 251 1,233 Excise Taxes 31 3,128 15,666 Corporation Income Taxes 1,265 79,645 96,387 Federal Unemployment Taxes 2 25 680 Estate and Gift Taxes & Misc IRS Rcpts. 0 455 669 Total $ 13,460 $ 194,080 $ 561,587 Cash Federal Tax Deposits: Direct $ 71 $ 1,105 $ 6,395 Through Depositaries 13,372 187,840 535,179 Total Cash FTD's $ 13,443 $ 188,945 $ 541,574 Inter-agency Transfers 17 5,135 20,012 Total $ 13,460 $ 194,080 $ 561,587 ___________________________________________________________________________________________ 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 Tuesday, December 16, 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) $ 246 $ 1,041 $ 6,773 IRS Tax Refunds Business (EFT) 29 1,234 5,145 IRS Tax Refunds Individual (Checks) 26 1,918 10,875 IRS Tax Refunds Individual (EFT) 4 298 7,284 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.