1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, December 22, 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 $ 184,250 $ 169,710 $ 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 $ 184,250 $ 169,710 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, December 22, 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) $ 26 $ 527 $ 1,977 Air Transport Security Fees 1 7 630 Cash FTD's Received (Table IV) 20,115 232,394 585,023 Commodity Credit Corporation programs 15 721 1,092 Customs and Certain Excise Taxes 1,889 3,130 11,141 Deposits by States: Supplemental Security Income 7 51 663 Unemployment 7 333 6,814 Education Department programs 210 3,017 10,885 Energy Department programs 45 280 1,234 Estate and Gift Taxes 18 953 4,026 Federal Reserve Earnings 0 5,641 21,761 Foreign Deposits, Military Sales 19 1,753 6,514 Housing and Urban Development programs 17 175 653 Individual Income and Employment Taxes, Not Withheld 578 6,607 30,865 Interest recd from cash investments 0 0 0 Justice Department programs 20 485 10,052 Postal Service 456 6,583 21,762 Public Debt Cash Issues (Table III-B) 1,131 494,153 1,655,030 Other Deposits: Defense Finance & Accounting Service 55 480 1,708 Export-Import Bank 229 356 712 Medicare Premiums 807 3,150 7,977 TARP 1 51 324 Thrift Savings Plan Transfer 236 667 10,008 Total Other Deposits 1,328 9,339 38,324 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 25,882 766,149 2,408,446 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 25,882 $ 766,149 $ 2,408,446 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, December 22, 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 $ 101 $ 1,800 $ 8,033 Defense Vendor Payments (EFT) 1,892 21,628 69,006 Education Department programs 409 7,855 32,156 Energy Department programs 115 2,023 7,346 Federal Employees Insurance Payments 182 4,339 16,614 Fed. Highway Administration programs 100 2,425 10,017 Federal Salaries (EFT) 136 11,991 38,447 Food and Nutrition Service (misc) 219 2,401 7,406 GSA programs 54 1,300 4,214 Health and Human Services Grants (misc) 418 5,835 20,985 Housing and Urban Development programs 206 5,318 18,497 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 49 1,536 5,447 IRS Tax Refunds Individual (EFT) 2 402 7,388 Justice Department programs 56 942 3,483 Labor Dept. prgms (excl. unemployment) 55 957 3,211 Medicaid 676 22,277 74,479 Medicare and Other CMS Payments 1,609 22,357 85,417 Medicare Advantage - Part C&D Payments 0 18,874 60,708 Marketplace Payments 0 1,672 5,234 NASA programs 396 1,708 4,271 Postal Service Money Orders and Other 200 2,481 8,779 Public Debt Cash Redemp. (Table III-B) 1,013 427,287 1,457,750 Social Security Benefits (EFT) 46 51,774 180,927 Supple. Nutrition Assist. Program (SNAP) 498 5,253 17,670 Temporary Assistance for Needy Families (HHS) 58 904 2,761 Transportation Security Admin. (DHS) 10 157 505 Unemployment Insurance Benefits 109 2,103 6,773 Veterans Affairs programs 210 3,608 12,158 Other Withdrawals: Agency for Internat'l Development 61 1,345 4,074 Agriculture 71 908 2,993 Centers for Disease Control 58 383 1,088 Emergency Prep & Response (DHS) 51 1,315 3,075 Federal Aviation Administration 61 506 1,800 Federal Crop Ins. Corp. 99 946 4,194 Federal Financing Bank 58 653 1,163 Federal Transit Admin. 108 609 2,258 Thrift Savings Plan Transfer 64 2,270 7,316 Unclassified 1,891 17,077 55,060 Total, Other Withdrawals 2,523 52,422 165,405 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,341 690,169 2,382,498 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,341 $ 690,169 $ 2,382,498 Net Change in Operating Cash Balance $ 14,540 $ 75,980 $ 25,949 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, December 22, 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 $ 314,966 $ 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 -258 -1,730 -2,602 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 64 192 Interest Increment 2 503 1,538 Government Account Series 267,411 4,342,002 15,414,318 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 167 11,523 29,946 Other 960 16,627 57,433 Total Issues $ 268,286 $ 4,834,955 $ 17,068,814 (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 $ 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 48 758 2,283 Government Account Series 264,208 4,382,196 15,403,867 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 4 10,529 22,296 Other 961 16,572 57,307 Total Redemptions $ 265,221 $ 4,809,483 $ 16,861,864 Net Change in Public Debt Outstanding $ 3,065 $ 25,472 $ 206,950 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, December 22, 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) $ 268,286 $ 4,834,955 $ 17,068,814 Premium on New Issues 0 462 1,283 Discount on New Issues: Bills (-) 0 98 245 Bonds and Notes (-) 0 391 1,757 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 267,411 4,342,002 15,414,318 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 503 1,538 Inflation-Protected Securities Increment -258 -1,730 -2,791 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,131 $ 494,153 $ 1,655,030 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 265,221 $ 4,809,483 $ 16,861,864 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 (-) 264,208 4,382,196 15,404,113 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,013 $ 427,287 $ 1,457,750 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, December 22, 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 $ 12,988,080 $ 12,987,968 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,042,942 5,039,988 5,082,868 5,039,100 Total Public Debt Outstanding 18,031,022 18,027,957 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,166 26,193 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 $ 17,990,266 $ 17,987,174 $ 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 22, 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 $ 18,969 $ 151,822 $ 483,922 Individual Income Taxes 175 1,344 5,619 Railroad Retirement Taxes 44 315 1,297 Excise Taxes 60 3,272 15,811 Corporation Income Taxes 1,448 81,604 98,346 Federal Unemployment Taxes 4 36 691 Estate and Gift Taxes & Misc IRS Rcpts. 2 461 675 Total $ 20,702 $ 238,855 $ 606,361 Cash Federal Tax Deposits: Direct $ 115 $ 1,458 $ 6,747 Through Depositaries 19,999 230,936 578,276 Total Cash FTD's $ 20,115 $ 232,394 $ 585,023 Inter-agency Transfers 587 6,461 21,338 Total $ 20,702 $ 238,855 $ 606,361 ___________________________________________________________________________________________ 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 22, 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) $ 48 $ 1,277 $ 7,009 IRS Tax Refunds Business (EFT) 49 1,536 5,447 IRS Tax Refunds Individual (Checks) 13 2,514 11,471 IRS Tax Refunds Individual (EFT) 2 402 7,388 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.