1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday, December 31, 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 $ 223,452 $ 197,827 $ 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 $ 223,452 $ 197,827 $ 108,270 $ 158,302 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday, December 31, 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) $ 362 $ 1,139 $ 2,588 Air Transport Security Fees 168 250 873 Cash FTD's Received (Table IV) 16,058 299,652 652,281 Commodity Credit Corporation programs 10 829 1,200 Customs and Certain Excise Taxes 110 3,594 11,605 Deposits by States: Supplemental Security Income 3 317 929 Unemployment 17 397 6,878 Education Department programs 124 4,258 12,126 Energy Department programs 430 945 1,899 Estate and Gift Taxes 131 1,548 4,621 Federal Reserve Earnings 1,853 9,296 25,417 Foreign Deposits, Military Sales 22 2,246 7,006 Housing and Urban Development programs 11 281 758 Individual Income and Employment Taxes, Not Withheld 1,585 12,518 36,777 Interest recd from cash investments 0 0 0 Justice Department programs 6 609 10,176 Postal Service 381 8,697 23,876 Public Debt Cash Issues (Table III-B) 107,830 701,649 1,862,526 Other Deposits: GSE Dividends 6,785 6,785 6,859 International Monetary Fund 52 2,752 4,116 Medicare Premiums 358 5,666 10,494 Minerals Management Svc/Collections 544 1,332 2,893 TARP 1 1,333 1,605 Thrift Savings Plan Transfer 332 1,737 11,078 Total Other Deposits 8,072 24,183 53,168 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 137,171 1,072,407 2,714,705 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 137,171 $ 1,072,407 $ 2,714,705 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday, December 31, 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 $ 96 $ 2,316 $ 8,550 Defense Vendor Payments (EFT) 853 29,740 77,118 Education Department programs 869 11,909 36,211 Energy Department programs 209 2,919 8,242 Federal Employees Insurance Payments 350 6,707 18,982 Fed. Highway Administration programs 2 3,168 10,760 Federal Salaries (EFT) 356 13,521 39,976 Food and Nutrition Service (misc) 123 2,984 7,989 GSA programs 1/ -44 1,591 4,505 Health and Human Services Grants (misc) 501 8,120 23,269 Housing and Urban Development programs 179 6,315 19,494 Interest on Treasury Securities 6,591 13,131 54,000 IRS Tax Refunds Business (EFT) 0 2,029 5,941 IRS Tax Refunds Individual (EFT) 33 504 7,490 Justice Department programs 23 1,341 3,882 Labor Dept. prgms (excl. unemployment) 33 1,250 3,505 Medicaid 1,361 31,011 83,214 Medicare and Other CMS Payments 2,307 34,620 97,681 Medicare Advantage - Part C&D Payments 0 18,874 60,708 Marketplace Payments 0 1,672 5,234 NASA programs 0 2,156 4,718 Postal Service Money Orders and Other 76 3,195 9,492 Public Debt Cash Redemp. (Table III-B) 79,436 599,344 1,629,807 Social Security Benefits (EFT) 0 65,449 194,602 Supple. Nutrition Assist. Program (SNAP) 83 6,378 18,795 Temporary Assistance for Needy Families (HHS) 42 1,389 3,246 Transportation Security Admin. (DHS) 0 184 532 Unemployment Insurance Benefits 192 3,193 7,863 Veterans Affairs programs 489 5,006 13,556 Other Withdrawals: Agency for Internat'l Development 63 1,591 4,320 Centers for Disease Control 68 648 1,352 Federal Aviation Administration 77 749 2,044 Military Active Duty Pay (EFT) 3,577 10,048 23,284 Military Retirement (EFT) 3,918 8,102 16,482 Supple. Security Income Benefits (EFT) 4,201 8,586 17,324 Veterans Benefits (EFT) 5,457 11,235 22,828 Unclassified 25 20,826 58,809 Total, Other Withdrawals 17,386 77,209 190,191 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 111,545 957,225 2,649,554 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 111,545 $ 957,225 $ 2,649,554 Net Change in Operating Cash Balance $ 25,626 $ 115,182 $ 65,151 1/Reported as a negative amount due to a return/reversal of $145 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday, December 31, 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 $ 392,961 $ 1,226,912 Cash Management Series 0 0 0 Notes 107,000 257,999 490,057 Bonds 0 13,000 49,014 Inflation-Protected Securities Increment 127 -2,294 -3,166 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 5 92 220 Interest Increment 2 516 1,550 Government Account Series 340,084 6,050,412 17,122,728 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 6 14,920 33,344 Other 1,023 22,943 63,750 Total Issues $ 448,248 $ 6,750,550 $ 18,984,409 (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 $ 374,998 $ 1,180,006 Notes 78,245 189,676 358,629 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 59 1,037 2,562 Government Account Series 271,230 6,015,311 17,036,983 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 2,721 State and Local Series 108 10,755 22,522 Other 1,024 22,878 63,613 Total Redemptions $ 350,666 $ 6,614,655 $ 18,667,036 Net Change in Public Debt Outstanding $ 97,582 $ 135,895 $ 317,373 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday, December 31, 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) $ 448,248 $ 6,750,550 $ 18,984,409 Premium on New Issues 0 462 1,283 Discount on New Issues: Bills (-) 0 120 267 Bonds and Notes (-) 416 821 2,186 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 340,084 6,050,412 17,122,728 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 516 1,550 Inflation-Protected Securities Increment -85 -2,505 -3,566 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 107,830 $ 701,649 $ 1,862,526 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 350,666 $ 6,614,655 $ 18,667,036 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 (-) 271,230 6,015,311 17,037,229 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 79,436 $ 599,344 $ 1,629,807 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday, December 31, 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 $ 13,023,951 $ 12,995,323 $ 12,922,682 $ 12,784,971 Intragovernmental Holdings 5,117,493 5,048,539 5,082,868 5,039,100 Total Public Debt Outstanding 18,141,444 18,043,862 18,005,549 17,824,071 Less: Debt Not Subject to Limit: Other Debt 484 484 484 484 Unamortized Discount 25,558 26,115 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 $ 18,101,296 $ 18,003,157 $ 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 31, 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 $ 15,397 $ 210,280 $ 542,380 Individual Income Taxes 272 2,249 6,524 Railroad Retirement Taxes 47 456 1,438 Excise Taxes 21 6,366 18,905 Corporation Income Taxes 464 86,702 103,444 Federal Unemployment Taxes 17 72 727 Estate and Gift Taxes & Misc IRS Rcpts. 1 466 680 Total $ 16,219 $ 306,590 $ 674,097 Cash Federal Tax Deposits: Direct $ 87 $ 2,714 $ 8,003 Through Depositaries 15,971 296,938 644,278 Total Cash FTD's $ 16,058 $ 299,652 $ 652,281 Inter-agency Transfers 161 6,939 21,816 Total $ 16,219 $ 306,590 $ 674,097 ___________________________________________________________________________________________ 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 31, 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) $ 0 $ 2,058 $ 7,790 IRS Tax Refunds Business (EFT) 0 2,029 5,941 IRS Tax Refunds Individual (Checks) 10 2/ 2,864 2/ 11,822 IRS Tax Refunds Individual (EFT) 33 2/ 504 2/ 7,490 2/Does not include $23 million offset by Fiscal Service for the month of December 2014 and $144 million for the fiscal year-to-date for the Treasury Offset Program against Tax Refunds issued. 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.