1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday, December 26, 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 $ 182,575 $ 177,911 $ 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 $ 182,575 $ 177,911 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday, December 26, 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) $ 42 $ 635 $ 2,085 Air Transport Security Fees 16 28 651 Cash FTD's Received (Table IV) 9,063 261,090 613,719 Commodity Credit Corporation programs 46 804 1,175 Customs and Certain Excise Taxes 71 3,360 11,371 Deposits by States: Supplemental Security Income 6 76 688 Unemployment 6 359 6,839 Education Department programs 95 3,585 11,453 Energy Department programs 98 442 1,397 Estate and Gift Taxes 63 1,332 4,405 Federal Reserve Earnings 0 7,443 23,563 Foreign Deposits, Military Sales 6 2,189 6,949 Housing and Urban Development programs 4 254 731 Individual Income and Employment Taxes, Not Withheld 503 9,198 33,456 Interest recd from cash investments 0 0 0 Justice Department programs 30 588 10,155 Postal Service 263 7,673 22,852 Public Debt Cash Issues (Table III-B) 92,401 590,594 1,751,471 Other Deposits: Interior 57 292 839 Medicare Premiums 81 3,695 8,522 Thrift Savings Plan Transfer 65 948 10,289 Total Other Deposits 203 11,610 40,596 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 102,919 901,260 2,543,557 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 102,919 $ 901,260 $ 2,543,557 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday, December 26, 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 $ 109 $ 2,096 $ 8,329 Defense Vendor Payments (EFT) 1,644 26,789 74,168 Education Department programs 1,107 9,864 34,165 Energy Department programs 127 2,466 7,789 Federal Employees Insurance Payments 79 5,867 18,142 Fed. Highway Administration programs 48 2,690 10,281 Federal Salaries (EFT) 47 13,117 39,573 Food and Nutrition Service (misc) 29 2,620 7,624 GSA programs 22 1,535 4,449 Health and Human Services Grants (misc) 256 6,982 22,131 Housing and Urban Development programs 145 5,858 19,037 Interest on Treasury Securities -2 6,539 47,408 IRS Tax Refunds Business (EFT) 30 2,010 5,922 IRS Tax Refunds Individual (EFT) 2 465 7,451 Justice Department programs 0 1,198 3,738 Labor Dept. prgms (excl. unemployment) 54 1,159 3,414 Medicaid 2,682 27,495 79,698 Medicare and Other CMS Payments 1,469 29,189 92,250 Medicare Advantage - Part C&D Payments 0 18,874 60,708 Marketplace Payments 0 1,672 5,234 NASA programs 1 2,088 4,651 Postal Service Money Orders and Other 118 2,891 9,188 Public Debt Cash Redemp. (Table III-B) 88,446 517,741 1,548,204 Social Security Benefits (EFT) 1 65,458 194,612 Supple. Nutrition Assist. Program (SNAP) 282 5,955 18,372 Temporary Assistance for Needy Families (HHS) 72 1,093 2,950 Transportation Security Admin. (DHS) 18 181 529 Unemployment Insurance Benefits 62 2,603 7,273 Veterans Affairs programs 246 4,155 12,704 Other Withdrawals: Centers for Disease Control 69 576 1,280 Federal Aviation Administration 65 642 1,937 Federal Crop Ins. Corp. 111 1,193 4,441 TARP 229 266 1,076 Tennessee Valley Authority (net) 90 -43 -223 Treasury Dept: Claims Payments 98 367 1,333 Unclassified 497 19,432 57,415 Total, Other Withdrawals 1,158 56,306 169,289 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 98,255 826,955 2,519,284 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 98,255 $ 826,955 $ 2,519,284 Net Change in Operating Cash Balance $ 4,664 $ 74,304 $ 24,273 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday, December 26, 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 $ 77,995 $ 392,961 $ 1,226,912 Cash Management Series 0 0 0 Notes 13,000 151,000 383,057 Bonds 0 13,000 49,014 Inflation-Protected Securities Increment -172 -2,075 -2,948 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 3 74 202 Interest Increment 0 508 1,543 Government Account Series 270,671 5,163,996 16,236,312 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 1 13,644 32,067 Other 1,438 19,979 60,785 Total Issues $ 362,936 $ 5,753,086 $ 17,986,945 (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 $ 87,001 $ 374,998 $ 1,180,006 Notes 0 111,431 280,384 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 21 868 2,393 Government Account Series 276,644 5,210,781 16,232,452 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 2 10,531 22,298 Other 1,421 19,912 60,647 Total Redemptions $ 365,090 $ 5,728,522 $ 17,780,903 Net Change in Public Debt Outstanding $ -2,154 $ 24,564 $ 206,042 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday, December 26, 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) $ 362,936 $ 5,753,086 $ 17,986,945 Premium on New Issues 0 462 1,283 Discount on New Issues: Bills (-) 22 120 267 Bonds and Notes (-) 14 405 1,771 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 270,671 5,163,996 16,236,312 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 0 508 1,543 Inflation-Protected Securities Increment -172 -2,075 -3,136 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 92,401 $ 590,594 $ 1,751,471 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 365,090 $ 5,728,522 $ 17,780,903 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 (-) 276,644 5,210,781 16,232,699 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 88,446 $ 517,741 $ 1,548,204 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday, December 26, 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 $ 12,994,195 $ 12,990,290 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,035,919 5,041,978 5,082,868 5,039,100 Total Public Debt Outstanding 18,030,113 18,032,268 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 26,152 26,148 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 $ 17,989,372 $ 17,991,530 $ 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 Friday, December 26, 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 $ 8,392 $ 175,835 $ 507,935 Individual Income Taxes 45 1,583 5,858 Railroad Retirement Taxes 4 374 1,356 Excise Taxes 604 4,259 16,798 Corporation Income Taxes 55 85,288 102,030 Federal Unemployment Taxes 4 47 701 Estate and Gift Taxes & Misc IRS Rcpts. 1 464 678 Total $ 9,105 $ 267,850 $ 635,357 Cash Federal Tax Deposits: Direct $ 89 $ 1,781 $ 7,070 Through Depositaries 8,974 259,309 606,649 Total Cash FTD's $ 9,063 $ 261,090 $ 613,719 Inter-agency Transfers 42 6,761 21,638 Total $ 9,105 $ 267,850 $ 635,357 ___________________________________________________________________________________________ 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 Friday, December 26, 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) $ 0 $ 1,788 $ 7,520 IRS Tax Refunds Business (EFT) 30 2,010 5,922 IRS Tax Refunds Individual (Checks) 9 2,547 11,504 IRS Tax Refunds Individual (EFT) 2 465 7,451 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.