1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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 $ 402,138 $ 374,086 $ 344,874 $ 384,713 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 402,138 $ 374,086 $ 344,874 $ 384,713 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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) $ 403 $ 2,479 $ 3,619 Air Transport Security Fees 263 327 1,055 Cash FTD's Received (Table IV) 26,099 289,133 702,372 Commodity Credit Corporation programs 19 665 1,722 Customs and Certain Excise Taxes 148 6,846 20,689 Deposits by States: Supplemental Security Income 4 276 875 Unemployment 10 262 5,182 Education Department programs 233 5,258 16,369 Energy Department programs 57 1,155 2,679 Estate and Gift Taxes 96 1,611 4,980 Federal Reserve Earnings 0 4,400 13,420 Foreign Military Sales Program 28 4,801 11,160 Housing and Urban Development programs 6 194 614 Individual Income and Employment Taxes, Not Withheld 739 10,829 38,479 Interest recd from cash investments 0 0 0 Justice Department programs 9 874 3,373 Postal Service 381 8,230 24,732 Public Debt Cash Issues (Table III-B) 127,438 845,936 2,846,161 Other Deposits: Export-Import Bank 78 851 1,395 GSE Dividends 6,534 6,534 6,534 Gas and Oil Lease Sales Proceeds 495 818 3,089 Medicare Premiums 104 2,958 9,231 Thrift Savings Plan Transfer 66 4,735 13,235 Total Other Deposits 7,277 22,550 49,952 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 163,211 1,205,824 3,747,433 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 163,211 $ 1,205,824 $ 3,747,433 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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 $ 159 $ 5,439 $ 13,499 Defense Vendor Payments (EFT) 1,655 30,996 85,490 Education Department programs 784 10,685 34,714 Energy Department programs 176 3,046 9,461 Federal Employees Insurance Payments 235 6,963 20,777 Fed. Highway Administration programs 14 3,303 11,409 Federal Salaries (EFT) 2,234 17,424 50,190 Food and Nutrition Service (misc) 87 2,526 7,884 GSA programs 60 1,727 5,542 Health and Human Services Grants (misc) 541 9,513 28,151 Housing and Urban Development programs 121 6,061 18,826 Interest on Treasury Securities 8,479 9,646 75,250 IRS Tax Refunds Business (EFT) 274 3,138 8,841 IRS Tax Refunds Individual (EFT) 1/ -1 737 9,857 Justice Department programs 0 2,576 6,268 Labor Dept. prgms (excl. unemployment) 32 1,210 3,510 Medicaid 644 33,201 94,877 Medicare and Other CMS Payments 3,023 34,348 107,637 Medicare Advantage - Part C&D Payments 0 0 75,653 Marketplace Payments 0 6,325 17,172 NASA programs 0 1,881 5,061 Postal Service Money Orders and Other 231 3,719 10,941 Public Debt Cash Redemp. (Table III-B) 95,309 797,673 2,535,711 Social Security Benefits (EFT) 2/ -2 74,325 222,836 Supple. Nutrition Assist. Program (SNAP) 251 5,494 16,854 Temporary Assistance for Needy Families (HHS) 37 1,341 4,091 Transportation Security Admin. (DHS) 0 157 594 Unemployment Insurance Benefits 148 2,310 6,483 Veterans Affairs programs 670 4,756 16,849 Other Withdrawals: Emergency Prep & Response (DHS) 117 1,678 4,906 Military Active Duty Pay (EFT) 3,711 6,844 24,450 Military Retirement (EFT) 4,285 4,615 17,821 Supple. Security Income Benefits (EFT) 4,329 4,618 17,749 Thrift Savings Plan Transfer 120 4,268 11,034 Veterans Benefits (EFT) 7,528 7,974 30,715 Unclassified -91 21,195 65,067 Total, Other Withdrawals 19,999 68,039 225,580 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 135,159 1,148,560 3,730,008 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 135,159 $ 1,148,560 $ 3,730,008 Net Change in Operating Cash Balance $ 28,052 $ 57,264 $ 17,425 2/Reported as a negative amount due to a return/reversal of $3 million. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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 $ -5 $ 605,996 $ 2,011,117 Cash Management Series 0 0 0 Notes 126,999 206,996 728,329 Bonds 0 16,000 58,874 Inflation-Protected Securities Increment 490 2,692 5,200 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 75 210 Interest Increment 2 495 1,450 Government Account Series 452,663 7,482,385 23,684,214 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 14 2,890 12,511 Other 725 17,538 51,797 Total Issues $ 580,896 $ 8,335,068 $ 26,553,700 (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 $ 655,104 $ 1,911,061 Notes 94,389 118,383 545,022 Bonds 0 0 7,175 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 70 1,001 2,673 Government Account Series 378,814 7,413,393 23,559,953 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 110 5,677 18,067 Other 739 17,508 51,712 Total Redemptions $ 474,123 $ 8,211,066 $ 26,095,663 Net Change in Public Debt Outstanding $ 106,773 $ 124,002 $ 458,038 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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) $ 580,896 $ 8,335,068 $ 26,553,700 Premium on New Issues 0 1,076 1,076 Discount on New Issues: Bills (-) 0 4,164 13,492 Bonds and Notes (-) 550 718 4,678 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 452,663 7,482,385 23,684,214 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 2 495 1,450 Inflation-Protected Securities Increment 243 2,445 4,782 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 127,438 $ 845,936 $ 2,846,161 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 474,123 $ 8,211,066 $ 26,095,663 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 -2 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 378,814 7,413,393 23,559,953 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 95,309 $ 797,673 $ 2,535,711 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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 $ 16,101,667 $ 16,068,571 $ 16,044,318 $ 15,761,155 Intragovernmental Holdings 5,872,429 5,798,751 5,805,776 5,754,904 Total Public Debt Outstanding 21,974,096 21,867,323 21,850,094 21,516,058 Less: Debt Not Subject to Limit: Other Debt 480 480 480 480 Unamortized Discount 29,539 30,815 31,073 30,390 Federal Financing Bank 10,339 10,339 10,339 10,339 Hope Bonds 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 21,933,738 $ 21,825,689 $ 21,808,202 $ 21,474,848 Statutory Debt Limit * * * * *Statutory debt limit is temporarily suspended through March 1, 2019 Unamortized Discount represents the discount adj. on Treasury bills and zero-coupon bonds. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday, December 31, 2018 (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 $ 25,652 $ 234,044 $ 617,169 Individual Income Taxes 570 4,942 15,408 Railroad Retirement Taxes 50 438 1,327 Excise Taxes 22 6,807 30,881 Corporation Income Taxes 489 51,201 61,648 Federal Unemployment Taxes 8 52 763 Estate and Gift Taxes & Misc IRS Rcpts. 2 46 223 Total $ 26,793 $ 297,529 $ 727,418 Cash Federal Tax Deposits: Direct $ 48 $ 2,432 $ 7,034 Through Depositaries 26,051 286,701 695,337 Total Cash FTD's $ 26,099 $ 289,133 $ 702,372 Inter-agency Transfers 694 8,396 25,046 Total $ 26,793 $ 297,529 $ 727,418 ___________________________________________________________________________________________ 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 31, 2018 (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) $ 415 $ 3,202 $ 9,796 IRS Tax Refunds Business (EFT) 274 3,138 8,841 IRS Tax Refunds Individual (Checks) 366 3/ 2,548 3/ 13,861 IRS Tax Refunds Individual (EFT) 1/ -1 3/ 737 3/ 9,857 1/Reported as a negative amount due to a return/reversal of $1 million. 3/Does not include $33 million offset by Fiscal Service for the month of December 2018 and $186 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 Reporting Branch at 202-874-9789.