1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, December 18, 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 $ 171,238 $ 171,314 $ 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 $ 171,238 $ 171,314 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, December 18, 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) $ 148 $ 478 $ 1,928 Air Transport Security Fees 1 4 627 Cash FTD's Received (Table IV) 3,724 201,430 554,059 Commodity Credit Corporation programs 48 310 681 Customs and Certain Excise Taxes 89 1,123 9,134 Deposits by States: Supplemental Security Income 4 42 654 Unemployment 16 308 6,789 Education Department programs 114 2,667 10,535 Energy Department programs 9 211 1,166 Estate and Gift Taxes 35 911 3,984 Federal Reserve Earnings 0 5,641 21,761 Foreign Deposits, Military Sales 24 1,597 6,357 Housing and Urban Development programs 11 153 631 Individual Income and Employment Taxes, Not Withheld 364 5,648 29,907 Interest recd from cash investments 0 0 0 Justice Department programs 76 451 10,018 Postal Service 370 5,743 20,921 Public Debt Cash Issues (Table III-B) 94,446 491,903 1,652,780 Other Deposits: Federal Housing Admin: Note Sales 67 1,495 5,182 International Monetary Fund 183 2,512 3,876 Medicare Premiums 202 2,124 6,951 Total Other Deposits 452 7,497 36,483 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 99,931 726,118 2,368,415 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 99,931 $ 726,118 $ 2,368,415 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, December 18, 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 $ 91 $ 1,608 $ 7,841 Defense Vendor Payments (EFT) 1,712 18,248 65,627 Education Department programs 474 6,873 31,174 Energy Department programs 291 1,720 7,043 Federal Employees Insurance Payments 197 3,974 16,249 Fed. Highway Administration programs 185 2,000 9,592 Federal Salaries (EFT) 62 7,184 33,640 Food and Nutrition Service (misc) 178 2,050 7,054 GSA programs 40 1,211 4,125 Health and Human Services Grants (misc) 340 5,065 20,214 Housing and Urban Development programs 224 4,889 18,067 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 0 1,387 5,298 IRS Tax Refunds Individual (EFT) 4 398 7,384 Justice Department programs 57 814 3,355 Labor Dept. prgms (excl. unemployment) 85 841 3,096 Medicaid 2,575 21,189 73,392 Medicare and Other CMS Payments 1,693 19,200 82,261 Medicare Advantage - Part C&D Payments 561 18,874 60,708 Marketplace Payments 0 0 3,562 NASA programs 202 1,274 3,836 Postal Service Money Orders and Other 110 2,146 8,444 Public Debt Cash Redemp. (Table III-B) 88,665 425,136 1,455,599 Social Security Benefits (EFT) 39 51,694 180,847 Supple. Nutrition Assist. Program (SNAP) 216 4,560 16,977 Temporary Assistance for Needy Families (HHS) 51 824 2,680 Transportation Security Admin. (DHS) 7 138 486 Unemployment Insurance Benefits 107 1,935 6,605 Veterans Affairs programs 335 3,221 11,771 Other Withdrawals: Emergency Prep & Response (DHS) 55 1,220 2,980 Federal Aviation Administration 75 425 1,720 Federal Crop Ins. Corp. 69 796 4,044 Federal Transit Admin. 50 473 2,122 Thrift Savings Plan Transfer 92 1,896 6,942 Treasury Dept: Claims Payments 57 149 1,115 Unclassified 1,110 14,137 52,120 Total, Other Withdrawals 1,508 48,157 161,140 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 100,007 663,150 2,355,479 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 100,007 $ 663,150 $ 2,355,479 Net Change in Operating Cash Balance $ -76 $ 62,968 $ 12,936 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, December 18, 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 $ 89,990 $ 314,967 $ 1,148,917 Cash Management Series 0 0 0 Notes 0 138,000 370,057 Bonds 0 13,000 49,014 Inflation-Protected Securities Increment -85 -1,386 -2,258 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 55 183 Interest Increment 4 500 1,534 Government Account Series 274,156 3,806,657 14,878,973 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 3,037 11,201 29,625 Other 1,433 14,707 55,514 Total Issues $ 368,539 $ 4,297,701 $ 16,531,560 (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 $ 86,996 $ 287,997 $ 1,093,005 Notes 0 111,431 280,384 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 48 637 2,162 Government Account Series 278,834 3,849,100 14,870,771 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 205 10,419 22,186 Other 1,417 14,651 55,386 Total Redemptions $ 367,499 $ 4,274,236 $ 16,326,617 Net Change in Public Debt Outstanding $ 1,040 $ 23,465 $ 204,943 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, December 18, 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) $ 368,539 $ 4,297,701 $ 16,531,560 Premium on New Issues 0 462 1,283 Discount on New Issues: Bills (-) 17 98 245 Bonds and Notes (-) 0 391 1,757 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 274,156 3,806,657 14,878,973 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 4 500 1,534 Inflation-Protected Securities Increment -85 -1,386 -2,446 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 94,446 $ 491,903 $ 1,652,780 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 367,499 $ 4,274,236 $ 16,326,617 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 (-) 278,834 3,849,100 14,871,018 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 88,665 $ 425,136 $ 1,455,599 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, December 18, 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 $ 12,988,041 $ 12,982,114 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,040,974 5,045,861 5,082,868 5,039,100 Total Public Debt Outstanding 18,029,015 18,027,975 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,202 26,194 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 $ 17,988,223 $ 17,987,191 $ 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 18, 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 $ 3,505 $ 121,613 $ 453,713 Individual Income Taxes 76 1,090 5,365 Railroad Retirement Taxes 1 256 1,238 Excise Taxes 18 3,162 15,701 Corporation Income Taxes 127 79,966 96,708 Federal Unemployment Taxes 2 30 685 Estate and Gift Taxes & Misc IRS Rcpts. 1 457 671 Total $ 3,730 $ 206,574 $ 574,080 Cash Federal Tax Deposits: Direct $ 97 $ 1,294 $ 6,583 Through Depositaries 3,627 200,136 547,476 Total Cash FTD's $ 3,724 $ 201,430 $ 554,059 Inter-agency Transfers 5 5,144 20,021 Total $ 3,730 $ 206,574 $ 574,080 ___________________________________________________________________________________________ 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 18, 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) $ 84 $ 1,149 $ 6,881 IRS Tax Refunds Business (EFT) 0 1,387 5,298 IRS Tax Refunds Individual (Checks) 30 1,958 10,916 IRS Tax Refunds Individual (EFT) 4 398 7,384 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.