1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, December 31, 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 $ 333,447 $ 324,846 $ 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 $ 333,447 $ 324,846 $ 253,274 $ 198,716 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, December 31, 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) 345 1,184 3,380 Air Transport Security Fees $ 150 $ 269 $ 887 Cash FTD's Received (Table IV) 13,017 297,230 664,016 Commodity Credit Corporation programs 11 279 624 Customs and Certain Excise Taxes 48 3,633 11,672 Deposits by States: Supplemental Security Income 2 293 902 Unemployment 28 312 6,702 Education Department programs 145 4,989 14,242 Energy Department programs 20 555 2,269 Estate and Gift Taxes 312 2,214 6,009 Federal Reserve Earnings 0 29,271 43,428 Foreign Deposits, Military Sales 180 4,580 9,491 Housing and Urban Development programs 9 278 843 Individual Income and Employment Taxes, Not Withheld 552 12,599 39,053 Interest recd from cash investments 0 0 0 Justice Department programs 15 1,143 2,269 Postal Service 336 8,840 24,154 Public Debt Cash Issues (Table III-B) 206,280 716,895 1,915,063 Other Deposits: Federal Housing Admin: Note Sales 85 1,800 5,223 GSE Dividends 2,202 2,203 2,203 Marketplace Receipts 76 1,753 3,191 Medicare Premiums 209 2,532 7,111 Minerals Management Svc/Collections 254 496 1,759 Natl Railroad Retirement Inv Trust 220 376 376 State Department 69 240 618 Thrift Savings Plan Transfer 242 2,006 7,533 Total Other Deposits 3,357 14,875 38,036 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 224,809 1,099,438 2,783,041 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 224,809 $ 1,099,438 $ 2,783,041 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, December 31, 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 $ 87 $ 2,352 $ 11,308 Defense Vendor Payments (EFT) 1,113 29,035 74,472 Education Department programs 964 11,165 34,592 Energy Department programs 239 2,938 8,333 Federal Employees Insurance Payments 292 6,526 18,729 Fed. Highway Administration programs 2 3,390 10,421 Federal Salaries (EFT) 3,375 17,042 43,898 Food and Nutrition Service (misc) 89 3,050 8,010 GSA programs 47 1,589 4,403 Health and Human Services Grants (misc) 233 8,482 23,854 Housing and Urban Development programs 146 6,362 18,331 Interest on Treasury Securities 6,919 7,532 56,411 IRS Tax Refunds Business (EFT) 0 894 5,602 IRS Tax Refunds Individual (EFT) 0 790 8,052 Justice Department programs 8 1,528 4,095 Labor Dept. prgms (excl. unemployment) 84 1,313 3,607 Medicaid 923 31,861 90,077 Medicare and Other CMS Payments 1,782 35,237 97,663 Medicare Advantage - Part C&D Payments 0 18,907 69,234 Marketplace Payments 0 2,647 8,295 NASA programs 0 2,199 4,970 Postal Service Money Orders and Other 383 3,367 9,721 Public Debt Cash Redemp. (Table III-B) 157,314 633,294 1,569,653 Social Security Benefits (EFT) 23,409 91,913 226,968 Supple. Nutrition Assist. Program (SNAP) 95 6,142 18,288 Temporary Assistance for Needy Families (HHS) 55 1,413 3,764 Transportation Security Admin. (DHS) 0 172 527 Unemployment Insurance Benefits 88 3,121 7,560 Veterans Affairs programs 662 4,894 14,106 Other Withdrawals: Agency for Internat'l Development 53 1,345 3,700 Federal Transit Admin. 174 1,501 3,072 Military Active Duty Pay (EFT) 3,514 9,900 22,785 Military Retirement (EFT) 3,946 8,228 16,798 Supple. Security Income Benefits (EFT) 4,223 8,663 17,582 U.S. District Courts (net) -104 -255 -1,576 Veterans Benefits (EFT) 5,889 12,188 24,745 Unclassified 203 21,254 59,479 Total, Other Withdrawals 17,898 80,110 193,367 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 216,208 1,019,264 2,648,310 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 216,208 $ 1,019,264 $ 2,648,310 Net Change in Operating Cash Balance $ 8,601 $ 80,174 $ 134,731 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, December 31, 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 $ 99,006 $ 508,977 $ 1,216,981 Cash Management Series 0 0 95,007 Notes 105,999 163,992 478,237 Bonds 0 13,000 49,082 Inflation-Protected Securities Increment 234 -310 -3,506 Federal Financing Bank 0 0 2,685 Nonmarketable: United States Savings Securities: Cash Issue Price 6 79 193 Interest Increment 3 397 1,218 Government Account Series 390,746 6,851,428 15,480,712 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 41 6,814 10,467 Other 1,469 24,704 68,023 Total Issues $ 597,502 $ 7,569,081 $ 17,399,099 (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 $ 87,000 $ 500,994 $ 1,156,028 Notes 68,752 100,752 324,068 Bonds 0 0 5,585 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 59 1,033 2,607 Government Account Series 343,071 6,840,931 15,057,430 Hope Bonds 0 0 455 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 24 5,830 13,429 Other 1,480 24,685 67,935 Total Redemptions $ 500,385 $ 7,474,225 $ 16,627,538 Net Change in Public Debt Outstanding $ 97,117 $ 94,856 $ 771,561 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, December 31, 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) $ 597,502 $ 7,569,081 $ 17,399,099 Premium on New Issues 0 87 87 Discount on New Issues: Bills (-) 97 572 958 Bonds and Notes (-) 390 433 2,421 Federal Financing Bank (-) 0 0 2,685 Government Account Transactions (-) 390,746 6,851,428 15,480,712 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 3 397 1,218 Inflation-Protected Securities Increment -13 -557 -3,871 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 206,280 $ 716,895 $ 1,915,063 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 500,385 $ 7,474,225 $ 16,627,538 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 (-) 343,071 6,840,931 15,057,430 Hope Bonds (-) 0 0 455 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 157,314 $ 633,294 $ 1,569,653 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, December 31, 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 $ 13,672,522 $ 13,622,733 $ 13,588,989 $ 13,123,847 Intragovernmental Holdings 5,249,657 5,202,329 5,238,334 5,026,770 Total Public Debt Outstanding 18,922,179 18,825,062 18,827,323 18,150,618 Less: Debt Not Subject to Limit: Other Debt 483 483 483 483 Unamortized Discount 24,912 24,648 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 $ 18,881,744 $ 18,784,892 $ 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 Thursday, December 31, 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 $ 13,032 $ 216,341 $ 562,315 Individual Income Taxes 322 3,297 8,964 Railroad Retirement Taxes 59 446 1,359 Excise Taxes 23 6,557 19,182 Corporation Income Taxes 474 78,560 94,662 Federal Unemployment Taxes 13 116 792 Estate and Gift Taxes & Misc IRS Rcpts. 5 68 286 Total $ 13,928 $ 305,384 $ 687,560 Cash Federal Tax Deposits: Direct $ 35 $ 2,706 $ 8,120 Through Depositaries 12,982 294,524 655,896 Total Cash FTD's $ 13,017 $ 297,230 $ 664,016 Inter-agency Transfers 912 8,155 23,544 Total $ 13,928 $ 305,384 $ 687,560 ___________________________________________________________________________________________ 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 Thursday, December 31, 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) $ 0 $ 2,692 $ 9,795 IRS Tax Refunds Business (EFT) 0 894 5,602 IRS Tax Refunds Individual (Checks) 10 1/ 2,578 1/ 11,854 IRS Tax Refunds Individual (EFT) 0 1/ 790 1/ 8,052 1/Does not include $19 million offset by Fiscal Service for the month of December 2015 and $154 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.