1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, December 24, 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 $ 177,911 $ 183,125 $ 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 $ 177,911 $ 183,125 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, December 24, 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) $ 16 $ 593 $ 2,042 Air Transport Security Fees 1 12 634 Cash FTD's Received (Table IV) 14,874 252,027 604,656 Commodity Credit Corporation programs 20 758 1,129 Customs and Certain Excise Taxes 67 3,290 11,300 Deposits by States: Supplemental Security Income 13 70 682 Unemployment 8 352 6,833 Education Department programs 123 3,490 11,358 Energy Department programs 26 344 1,299 Estate and Gift Taxes 208 1,269 4,342 Federal Reserve Earnings 1,802 7,443 23,563 Foreign Deposits, Military Sales 247 2,183 6,943 Housing and Urban Development programs 7 249 727 Individual Income and Employment Taxes, Not Withheld 1,456 8,694 32,953 Interest recd from cash investments 0 0 0 Justice Department programs 44 559 10,125 Postal Service 337 7,410 22,588 Public Debt Cash Issues (Table III-B) 1,032 498,194 1,659,071 Other Deposits: Medicare Premiums 89 3,614 8,441 Minerals Management Svc/Collections 52 693 2,254 TARP 1,278 1,330 1,603 Thrift Savings Plan Transfer 107 883 10,223 Total Other Deposits 1,526 11,407 40,393 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 21,807 798,341 2,440,638 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 21,807 $ 798,341 $ 2,440,638 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, December 24, 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 $ 77 $ 1,987 $ 8,220 Defense Vendor Payments (EFT) 1,162 25,146 72,524 Education Department programs 474 8,757 33,059 Energy Department programs 151 2,339 7,662 Federal Employees Insurance Payments 1,194 5,788 18,063 Fed. Highway Administration programs 209 2,641 10,233 Federal Salaries (EFT) 688 13,070 39,526 Food and Nutrition Service (misc) 77 2,590 7,595 GSA programs 187 1,513 4,427 Health and Human Services Grants (misc) 444 6,726 21,875 Housing and Urban Development programs 248 5,713 18,891 Interest on Treasury Securities 0 6,540 47,410 IRS Tax Refunds Business (EFT) 335 1,981 5,892 IRS Tax Refunds Individual (EFT) 58 463 7,450 Justice Department programs 201 1,198 3,738 Labor Dept. prgms (excl. unemployment) 86 1,105 3,360 Medicaid 1,198 24,813 77,015 Medicare and Other CMS Payments 3,313 27,720 90,780 Medicare Advantage - Part C&D Payments 0 18,874 60,708 Marketplace Payments 0 1,672 5,234 NASA programs 192 2,087 4,650 Postal Service Money Orders and Other 139 2,772 9,070 Public Debt Cash Redemp. (Table III-B) 998 429,294 1,459,758 Social Security Benefits (EFT) 13,651 65,457 194,611 Supple. Nutrition Assist. Program (SNAP) 187 5,673 18,090 Temporary Assistance for Needy Families (HHS) 85 1,022 2,878 Transportation Security Admin. (DHS) 3 163 511 Unemployment Insurance Benefits 194 2,541 7,211 Veterans Affairs programs 142 3,909 12,458 Other Withdrawals: Agriculture Loan Payments (misc) 59 601 1,924 Centers for Disease Control 118 507 1,211 Federal Crop Ins. Corp. 62 1,082 4,330 Federal Transit Admin. 95 740 2,389 State Department 53 797 2,797 Tennessee Valley Authority (net) -71 -133 -312 Unclassified 1,014 18,935 56,918 Total, Other Withdrawals 1,329 55,148 168,131 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 27,021 728,700 2,421,029 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 27,021 $ 728,700 $ 2,421,029 Net Change in Operating Cash Balance $ -5,214 $ 69,641 $ 19,610 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, December 24, 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 -87 -1,903 -2,775 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 71 199 Interest Increment 2 508 1,542 Government Account Series 275,120 4,893,325 15,965,641 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 73 13,643 32,066 Other 956 18,541 59,347 Total Issues $ 276,067 $ 5,390,150 $ 17,624,009 (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 41 847 2,372 Government Account Series 287,296 4,934,137 15,955,808 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 957 18,490 59,225 Total Redemptions $ 288,294 $ 5,363,432 $ 17,415,812 Net Change in Public Debt Outstanding $ -12,227 $ 26,718 $ 208,196 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, December 24, 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) $ 276,067 $ 5,390,150 $ 17,624,009 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 (-) 275,120 4,893,325 15,965,641 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 508 1,542 Inflation-Protected Securities Increment -87 -1,903 -2,964 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,032 $ 498,194 $ 1,659,071 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 288,294 $ 5,363,432 $ 17,415,812 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 (-) 287,296 4,934,137 15,956,055 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 998 $ 429,294 $ 1,459,758 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, December 24, 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 $ 12,990,290 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,041,978 5,054,205 5,082,868 5,039,100 Total Public Debt Outstanding 18,032,268 18,044,495 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,148 26,157 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 $ 17,991,530 $ 18,003,748 $ 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 24, 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 $ 11,347 $ 167,443 $ 499,543 Individual Income Taxes 52 1,538 5,813 Railroad Retirement Taxes 54 370 1,352 Excise Taxes 150 3,655 16,194 Corporation Income Taxes 3,520 85,233 101,975 Federal Unemployment Taxes 4 42 697 Estate and Gift Taxes & Misc IRS Rcpts. 2 464 677 Total $ 15,127 $ 258,745 $ 626,251 Cash Federal Tax Deposits: Direct $ 88 $ 1,691 $ 6,981 Through Depositaries 14,785 250,335 597,675 Total Cash FTD's $ 14,874 $ 252,027 $ 604,656 Inter-agency Transfers 254 6,718 21,595 Total $ 15,127 $ 258,745 $ 626,251 ___________________________________________________________________________________________ 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 24, 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) $ 224 $ 1,788 $ 7,520 IRS Tax Refunds Business (EFT) 335 1,981 5,892 IRS Tax Refunds Individual (Checks) 12 2,538 11,495 IRS Tax Refunds Individual (EFT) 58 463 7,450 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.