1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday, December 23, 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 $ 183,125 $ 184,250 $ 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 $ 183,125 $ 184,250 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday, December 23, 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) $ 50 $ 577 $ 2,027 Air Transport Security Fees 3 10 633 Cash FTD's Received (Table IV) 4,759 237,153 589,782 Commodity Credit Corporation programs 16 737 1,109 Customs and Certain Excise Taxes 92 3,222 11,233 Deposits by States: Supplemental Security Income 6 57 669 Unemployment 11 344 6,825 Education Department programs 350 3,367 11,235 Energy Department programs 38 318 1,273 Estate and Gift Taxes 100 1,061 4,134 Federal Reserve Earnings 0 5,641 21,761 Foreign Deposits, Military Sales 183 1,936 6,697 Housing and Urban Development programs 67 242 720 Individual Income and Employment Taxes, Not Withheld 640 7,238 31,497 Interest recd from cash investments 0 0 0 Justice Department programs 30 515 10,081 Postal Service 489 7,072 22,251 Public Debt Cash Issues (Table III-B) 3,009 497,161 1,658,038 Other Deposits: Federal Housing Admin: Note Sales 58 1,632 5,319 Medicare Premiums 375 3,525 8,352 TARP 1 52 325 Thrift Savings Plan Transfer 109 776 10,116 Total Other Deposits 543 9,881 38,867 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 10,386 776,534 2,418,831 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 10,386 $ 776,534 $ 2,418,831 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday, December 23, 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 $ 1,910 $ 8,143 Defense Vendor Payments (EFT) 2,356 23,984 71,362 Education Department programs 429 8,283 32,585 Energy Department programs 165 2,188 7,511 Federal Employees Insurance Payments 255 4,594 16,869 Fed. Highway Administration programs 7 2,432 10,024 Federal Salaries (EFT) 391 12,382 38,838 Food and Nutrition Service (misc) 112 2,513 7,518 GSA programs 26 1,326 4,240 Health and Human Services Grants (misc) 446 6,282 21,431 Housing and Urban Development programs 146 5,464 18,643 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 110 1,646 5,558 IRS Tax Refunds Individual (EFT) 3 405 7,392 Justice Department programs 54 996 3,537 Labor Dept. prgms (excl. unemployment) 62 1,019 3,273 Medicaid 1,338 23,615 75,818 Medicare and Other CMS Payments 2,050 24,407 87,468 Medicare Advantage - Part C&D Payments 0 18,874 60,708 Marketplace Payments 0 1,672 5,234 NASA programs 187 1,896 4,458 Postal Service Money Orders and Other 152 2,634 8,931 Public Debt Cash Redemp. (Table III-B) 1,009 428,296 1,458,760 Social Security Benefits (EFT) 33 51,807 180,960 Supple. Nutrition Assist. Program (SNAP) 233 5,486 17,902 Temporary Assistance for Needy Families (HHS) 32 936 2,793 Transportation Security Admin. (DHS) 3 160 508 Unemployment Insurance Benefits 244 2,347 7,017 Veterans Affairs programs 158 3,766 12,316 Other Withdrawals: Agency for Internat'l Development 71 1,416 4,144 Agriculture 172 1,080 3,165 Emergency Prep & Response (DHS) 114 1,429 3,190 Export-Import Bank 68 276 622 Federal Crop Ins. Corp. 74 1,020 4,269 Tennessee Valley Authority (net) -54 -62 -241 Treasury Dept: Claims Payments 108 269 1,236 Unclassified 845 17,921 55,904 Total, Other Withdrawals 1,398 53,819 166,802 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 11,511 701,679 2,394,008 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 11,511 $ 701,679 $ 2,394,008 Net Change in Operating Cash Balance $ -1,125 $ 74,854 $ 24,823 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday, December 23, 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 -86 -1,817 -2,689 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 4 67 195 Interest Increment 3 506 1,540 Government Account Series 276,203 4,618,205 15,690,521 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 2,047 13,570 31,993 Other 958 17,585 58,392 Total Issues $ 279,128 $ 5,114,083 $ 17,347,942 (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 48 806 2,331 Government Account Series 264,645 4,646,841 15,668,512 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 0 10,529 22,296 Other 961 17,534 58,269 Total Redemptions $ 265,654 $ 5,075,137 $ 17,127,518 Net Change in Public Debt Outstanding $ 13,474 $ 38,946 $ 220,424 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday, December 23, 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) $ 279,128 $ 5,114,083 $ 17,347,942 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 (-) 276,203 4,618,205 15,690,521 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 506 1,540 Inflation-Protected Securities Increment -86 -1,817 -2,877 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 3,009 $ 497,161 $ 1,658,038 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 265,654 $ 5,075,137 $ 17,127,518 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 (-) 264,645 4,646,841 15,668,758 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,009 $ 428,296 $ 1,458,760 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday, December 23, 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 $ 12,990,290 $ 12,988,080 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,054,205 5,042,942 5,082,868 5,039,100 Total Public Debt Outstanding 18,044,495 18,031,022 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,157 26,166 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 $ 18,003,748 $ 17,990,266 $ 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 23, 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 $ 4,274 $ 156,096 $ 488,196 Individual Income Taxes 142 1,486 5,761 Railroad Retirement Taxes 1 316 1,298 Excise Taxes 233 3,505 16,044 Corporation Income Taxes 110 81,713 98,455 Federal Unemployment Taxes 2 39 693 Estate and Gift Taxes & Misc IRS Rcpts. 1 462 676 Total $ 4,763 $ 243,618 $ 611,124 Cash Federal Tax Deposits: Direct $ 145 $ 1,603 $ 6,893 Through Depositaries 4,614 235,550 582,890 Total Cash FTD's $ 4,759 $ 237,153 $ 589,782 Inter-agency Transfers 4 6,465 21,342 Total $ 4,763 $ 243,618 $ 611,124 ___________________________________________________________________________________________ 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 23, 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) $ 288 $ 1,564 $ 7,296 IRS Tax Refunds Business (EFT) 110 1,646 5,558 IRS Tax Refunds Individual (Checks) 12 2,525 11,483 IRS Tax Refunds Individual (EFT) 3 405 7,392 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.