1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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 $ 274,060 $ 265,246 $ 253,274 $ 198,716 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 274,060 $ 265,246 $ 253,274 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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) 30 479 2,675 Air Transport Security Fees $ 1 $ 20 $ 638 Cash FTD's Received (Table IV) 18,422 224,200 590,986 Commodity Credit Corporation programs 6 229 574 Customs and Certain Excise Taxes 110 1,185 9,224 Deposits by States: Supplemental Security Income 2 39 648 Unemployment 9 208 6,597 Education Department programs 267 3,374 12,627 Energy Department programs 34 248 1,962 Estate and Gift Taxes 39 1,078 4,873 Federal Reserve Earnings 0 6,271 20,429 Foreign Deposits, Military Sales 36 3,152 8,064 Housing and Urban Development programs 4 149 714 Individual Income and Employment Taxes, Not Withheld 516 6,270 32,724 Interest recd from cash investments 0 0 0 Justice Department programs 27 711 1,837 Postal Service 429 6,250 21,565 Public Debt Cash Issues (Table III-B) 1,269 389,662 1,587,830 Other Deposits: Defense Finance & Accounting Service 54 383 1,583 Export-Import Bank 237 434 732 Federal Housing Admin: Note Sales 61 1,458 4,882 International Monetary Fund 265 793 1,471 Medicare Premiums 747 1,770 6,349 Total Other Deposits 1,364 6,585 29,746 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 22,564 650,109 2,333,712 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 22,564 $ 650,109 $ 2,333,712 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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 $ 28 $ 1,420 $ 10,376 Defense Vendor Payments (EFT) 1,562 19,886 65,323 Education Department programs 423 6,697 30,124 Energy Department programs 93 1,933 7,327 Federal Employees Insurance Payments 171 3,976 16,180 Fed. Highway Administration programs 184 2,472 9,503 Federal Salaries (EFT) 128 12,160 39,016 Food and Nutrition Service (misc) 208 2,275 7,235 GSA programs 41 1,194 4,008 Health and Human Services Grants (misc) 423 5,843 21,216 Housing and Urban Development programs 203 5,214 17,184 Interest on Treasury Securities 0 618 49,498 IRS Tax Refunds Business (EFT) 53 1/ 740 1/ 5,448 IRS Tax Refunds Individual (EFT) 3 1/ 612 1/ 7,873 Justice Department programs 78 1,087 3,654 Labor Dept. prgms (excl. unemployment) 47 876 3,171 Medicaid 395 22,475 80,690 Medicare and Other CMS Payments 1,686 21,066 83,492 Medicare Advantage - Part C&D Payments 0 18,907 69,234 Marketplace Payments 2,647 2,647 8,295 NASA programs 76 1,764 4,535 Postal Service Money Orders and Other 206 2,318 8,672 Public Debt Cash Redemp. (Table III-B) 1,081 374,958 1,311,317 Social Security Benefits (EFT) 56 53,775 188,830 Supple. Nutrition Assist. Program (SNAP) 533 4,824 16,970 Temporary Assistance for Needy Families (HHS) 192 918 3,268 Transportation Security Admin. (DHS) 13 120 475 Unemployment Insurance Benefits 101 1,945 6,384 Veterans Affairs programs 191 3,180 12,392 Other Withdrawals: Agency for Internat'l Development 69 819 3,173 Agriculture 55 888 3,175 Emergency Prep & Response (DHS) 52 474 2,069 Federal Crop Ins. Corp. 60 641 4,374 Federal Transit Admin. 72 1,002 2,574 FSLIC Resolution Fund 514 514 514 Thrift Savings Plan Transfer 390 3,808 8,997 Unclassified 1,714 16,217 54,443 Total, Other Withdrawals 2,926 53,421 166,679 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 13,750 629,323 2,258,368 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 13,750 $ 629,323 $ 2,258,368 Net Change in Operating Cash Balance $ 8,814 $ 20,787 $ 75,344 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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 $ 310,977 $ 1,018,982 Cash Management Series 0 0 95,007 Notes 0 44,998 359,242 Bonds 0 13,000 49,082 Inflation-Protected Securities Increment -49 -393 -3,589 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 6 47 161 Interest Increment 2 384 1,205 Government Account Series 302,338 4,624,215 13,253,500 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 232 4,291 7,944 Other 1,032 16,647 59,966 Total Issues $ 303,560 $ 5,014,168 $ 14,844,186 (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 $ 319,996 $ 975,030 Notes 0 32,000 255,316 Bonds 0 0 5,585 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 695 2,269 Government Account Series 299,312 4,668,331 12,884,830 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 0 5,666 13,265 Other 1,033 16,601 59,851 Total Redemptions $ 300,392 $ 5,043,289 $ 14,196,602 Net Change in Public Debt Outstanding $ 3,168 $ -29,121 $ 647,584 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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) $ 303,560 $ 5,014,168 $ 14,844,186 Premium on New Issues 0 87 87 Discount on New Issues: Bills (-) 0 383 769 Bonds and Notes (-) 0 3 1,992 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 302,338 4,624,215 13,253,500 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 384 1,205 Inflation-Protected Securities Increment -49 -393 -3,708 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 1,269 $ 389,662 $ 1,587,830 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 300,392 $ 5,043,289 $ 14,196,602 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 (-) 299,312 4,668,331 12,884,830 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 1,081 $ 374,958 $ 1,311,317 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, December 21, 2015 (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 $ 13,602,156 $ 13,602,301 $ 13,588,989 $ 13,123,847 Intragovernmental Holdings 5,196,045 5,192,733 5,238,334 5,026,770 Total Public Debt Outstanding 18,798,202 18,795,034 18,827,323 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 24,698 24,745 24,618 24,350 Federal Financing Bank 15,000 15,000 15,000 12,315 Hope Bonds 39 39 39 494 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 18,757,981 $ 18,754,767 $ 18,787,182 $ 18,112,975 Statutory Debt Limit * * * $ 18,113,000 *Statutory debt limit temporarily suspended through March 15, 2017 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 21, 2015 (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 $ 18,466 $ 148,631 $ 494,606 Individual Income Taxes 144 1,891 7,558 Railroad Retirement Taxes 43 294 1,207 Excise Taxes 33 3,384 16,009 Corporation Income Taxes 329 76,509 92,611 Federal Unemployment Taxes 2 73 749 Estate and Gift Taxes & Misc IRS Rcpts. 1 32 249 Total $ 19,018 $ 230,814 $ 612,990 Cash Federal Tax Deposits: Direct $ 30 $ 1,297 $ 6,711 Through Depositaries 18,393 222,903 584,275 Total Cash FTD's $ 18,422 $ 224,200 $ 590,986 Inter-agency Transfers 595 6,614 22,003 Total $ 19,018 $ 230,814 $ 612,990 ___________________________________________________________________________________________ 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 21, 2015 (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) $ 37 $ 1/ 2,122 $ 1/ 9,225 IRS Tax Refunds Business (EFT) 53 1/ 740 1/ 5,448 IRS Tax Refunds Individual (Checks) 30 1/ 2,089 1/ 11,365 IRS Tax Refunds Individual (EFT) 3 1/ 612 1/ 7,873 1/Activity for 12/18/15: IRS Tax Refunds Business (Checks=$38M and EFT=$53M). IRS Tax Refunds Individual (Checks=$567M and EFT=$3M). Accurate breakdown was not available when 12/18 DTS was published. The correct figures are represented in these columns. 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.