1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, December 17, 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 $ 171,314 $ 176,709 $ 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 $ 171,314 $ 176,709 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, December 17, 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) $ 12 $ 330 $ 1,780 Air Transport Security Fees 1 3 626 Cash FTD's Received (Table IV) 8,761 197,706 550,335 Commodity Credit Corporation programs 7 261 632 Customs and Certain Excise Taxes 86 1,035 9,046 Deposits by States: Supplemental Security Income 5 38 650 Unemployment 16 292 6,773 Education Department programs 160 2,552 10,420 Energy Department programs 6 202 1,157 Estate and Gift Taxes 162 876 3,949 Federal Reserve Earnings 2,207 5,641 21,761 Foreign Deposits, Military Sales 176 1,573 6,333 Housing and Urban Development programs 5 143 620 Individual Income and Employment Taxes, Not Withheld 1,107 5,284 29,543 Interest recd from cash investments 0 0 0 Justice Department programs 10 375 9,941 Postal Service 368 5,373 20,552 Public Debt Cash Issues (Table III-B) 4,036 397,457 1,558,334 Other Deposits: Federal Housing Admin: Note Sales 103 1,428 5,115 Medicare Premiums 445 1,922 6,750 TARP 4 50 322 Total Other Deposits 552 7,045 36,031 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 17,676 626,186 2,268,484 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 17,676 $ 626,186 $ 2,268,484 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, December 17, 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 $ 85 $ 1,517 $ 7,750 Defense Vendor Payments (EFT) 928 16,536 63,915 Education Department programs 574 6,399 30,701 Energy Department programs 199 1,429 6,752 Federal Employees Insurance Payments 307 3,777 16,052 Fed. Highway Administration programs 248 1,815 9,407 Federal Salaries (EFT) 103 7,123 33,579 Food and Nutrition Service (misc) 155 1,872 6,876 GSA programs 44 1,171 4,085 Health and Human Services Grants (misc) 358 4,726 19,875 Housing and Urban Development programs 160 4,665 17,844 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 153 1,386 5,298 IRS Tax Refunds Individual (EFT) 96 394 7,380 Justice Department programs 51 757 3,298 Labor Dept. prgms (excl. unemployment) 50 756 3,011 Medicaid 1,207 18,614 70,817 Medicare and Other CMS Payments 1,916 17,508 80,569 Medicare Advantage - Part C&D Payments 0 18,313 60,147 Marketplace Payments 0 0 3,562 NASA programs 61 1,071 3,634 Postal Service Money Orders and Other 117 2,036 8,334 Public Debt Cash Redemp. (Table III-B) 988 336,470 1,366,933 Social Security Benefits (EFT) 13,456 51,655 180,809 Supple. Nutrition Assist. Program (SNAP) 232 4,345 16,761 Temporary Assistance for Needy Families (HHS) 45 773 2,629 Transportation Security Admin. (DHS) 16 130 479 Unemployment Insurance Benefits 170 1,828 6,498 Veterans Affairs programs 178 2,886 11,436 Other Withdrawals: Agency for Internat'l Development 97 1,206 3,934 Agriculture 50 739 2,824 Federal Crop Ins. Corp. 63 728 3,976 Interior 55 481 2,016 State Department 56 609 2,609 Thrift Savings Plan Transfer 55 1,804 6,850 Unclassified 800 13,026 51,009 Total, Other Withdrawals 1,177 46,649 159,632 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 23,071 563,143 2,255,472 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 23,071 $ 563,143 $ 2,255,472 Net Change in Operating Cash Balance $ -5,395 $ 63,043 $ 13,012 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, December 17, 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 -88 -1,301 -2,173 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 51 179 Interest Increment 3 496 1,530 Government Account Series 272,060 3,532,501 14,604,817 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 3,088 8,164 26,588 Other 944 13,275 54,081 Total Issues $ 276,011 $ 3,929,163 $ 16,163,021 (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 43 590 2,115 Government Account Series 280,333 3,570,267 14,591,938 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 0 10,215 21,981 Other 944 13,234 53,969 Total Redemptions $ 281,321 $ 3,906,737 $ 15,959,118 Net Change in Public Debt Outstanding $ -5,310 $ 22,426 $ 203,904 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, December 17, 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) $ 276,011 $ 3,929,163 $ 16,163,021 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 (-) 272,060 3,532,501 14,604,817 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 496 1,530 Inflation-Protected Securities Increment -88 -1,301 -2,362 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 4,036 $ 397,457 $ 1,558,334 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 281,321 $ 3,906,737 $ 15,959,118 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 (-) 280,333 3,570,267 14,592,184 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 988 $ 336,470 $ 1,366,933 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, December 17, 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 $ 12,982,114 $ 12,979,253 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,045,861 5,054,033 5,082,868 5,039,100 Total Public Debt Outstanding 18,027,975 18,033,285 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,194 26,203 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 $ 17,987,191 $ 17,992,492 $ 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 Wednesday, December 17, 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 $ 8,473 $ 118,108 $ 450,208 Individual Income Taxes 73 1,014 5,289 Railroad Retirement Taxes 3 255 1,237 Excise Taxes 16 3,144 15,682 Corporation Income Taxes 194 79,839 96,581 Federal Unemployment Taxes 3 28 683 Estate and Gift Taxes & Misc IRS Rcpts. 1 456 670 Total $ 8,764 $ 202,844 $ 570,351 Cash Federal Tax Deposits: Direct $ 91 $ 1,197 $ 6,486 Through Depositaries 8,669 196,509 543,849 Total Cash FTD's $ 8,761 $ 197,706 $ 550,335 Inter-agency Transfers 3 5,138 20,016 Total $ 8,764 $ 202,844 $ 570,351 ___________________________________________________________________________________________ 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 Wednesday, December 17, 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) $ 24 $ 1,065 $ 6,797 IRS Tax Refunds Business (EFT) 153 1,386 5,298 IRS Tax Refunds Individual (Checks) 11 1,929 10,886 IRS Tax Refunds Individual (EFT) 96 394 7,380 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.