1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | This | | Type of account | balance | | This | fiscal | | | today | Today | month | year | ___________________________________________________________________________________________ Federal Reserve Account $ 4,243 $ 5,643 $ 4,634 $ 4,381 Tax and Loan Note Accounts (Table V) 38,456 43,322 1,355 31,300 Total Operating Balance 42,699 48,965 5,989 35,680 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (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) 77 411 1,409 Commodity Credit Corporation programs 37 1,115 2,861 Customs and Certain Excise Taxes 107 2,320 7,818 Deposits by States: Supplemental Security Income 2 19 760 Unemployment 11 274 5,426 Education Department programs 107 2,153 7,542 Energy Department programs 20 670 2,252 Estate and Gift Taxes 94 1,821 6,128 Federal Reserve Earnings 319 1,988 5,804 Foreign Deposits, Military Sales 4 953 2,492 FTD's Received (Table IV) 1,429 46,360 121,571 Housing and Urban Development programs 20 467 1,438 Individual Income and Employment Taxes, Not Withheld 398 5,713 20,431 Interest recd from T&L Depositaries 0 29 127 Justice Department programs 22 534 973 Postal Service 375 7,934 24,546 Public Debt Cash Issues (Table III-B) 822 341,743 1,048,742 Other Deposits: Air Transport Security Fees 6 18 373 Thrift Savings Plan Transfer 65 267 914 Total Other Deposits 71 1,165 6,207 Change in Balance of Uncollected Funds (closing balance $ 75) -32 3 -17 Transfers from Depositaries 8,284 169,056 485,446 Total Federal Reserve Account 12,166 584,728 1,751,958 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,737 157,602 344,727 Transfers from Federal Reserve Account (Table V) 680 48,555 147,875 Total Tax and Loan Note Accounts (Table V) 3,417 206,157 492,602 Total Deposits (excluding transfers) 6,619 573,274 1,611,239 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (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 163 4,020 20,417 Defense Vendor Payments (EFT) 2,208 23,521 69,366 Education Department programs 478 5,193 19,812 Energy Department programs 103 2,138 6,859 Federal Employees Insurance Payments 299 3,459 11,306 Fed. Highway Administration programs 162 2,364 8,217 Federal Salaries (EFT) 125 11,469 34,767 Food and Nutrition Service (misc) 51 2,585 7,586 Food Stamps 58 1,951 5,909 GSA programs 54 1,293 3,936 Health and Human Services Grants (misc) 308 5,688 17,403 Housing and Urban Development programs 73 3,796 11,873 Interest on Treasury Securities 3 1,988 31,494 Justice Department programs 32 1,806 4,100 Labor Dept. prgms (excl. unemployment) 53 1,010 3,217 Medicaid 451 13,628 44,518 Medicare 2,210 25,768 77,720 NASA programs 27 1,120 2,814 Postal Service Money Orders and Other 174 3,915 12,182 Public Debt Cash Redemp. (Table III-B) 101 333,171 946,216 Social Security Benefits (EFT) 4,545 34,812 103,213 Temporary Assistance for Needy Families (HHS) 299 1,235 3,976 Unemployment Insurance Benefits 173 2,408 6,929 Veterans Affairs programs 52 1,866 5,350 Other Withdrawals: Emergency Prep & Response (DHS) 1/ -203 3,869 15,785 State Department 85 582 947 Transportation Security Admin. (DHS) 13 171 506 Unclassified 786 22,651 70,339 Total, Other Withdrawals 681 46,359 145,039 Transfers to Depositaries 680 48,555 147,875 Total Federal Reserve Account 13,565 585,118 1,752,096 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 8,284 169,056 485,446 Total Withdrawals (excluding transfers) 12,885 536,563 1,604,221 Net Change in Operating Cash Balance -6,266 36,710 7,019 1/Includes a return of $400 million of Hurricane Katrina funds. 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (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 0 261,737 805,813 Cash Management Series 0 49,001 66,001 Notes 0 20,999 154,852 Bonds 0 0 0 Inflation-Protected Securities Increment 22 707 6,490 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 63 1,138 3,096 Interest Increment 1 564 1,749 Government Account Series 128,063 2,433,974 7,951,850 Domestic Series 0 0 55 Foreign Series 0 800 800 State and Local Series 753 10,908 27,385 Other 6 338 397 Total Issues 128,907 2,780,167 9,018,487 (Stated at face value except for savings and retirement plan securities which are stated at current redemption value.) ___________________________________________________________________________________________ | | | This | Fiscal | | Redemptions | Today | month | year | | | | to date | to date | ___________________________________________________________________________________________ Marketable: Bills 0 324,934 813,341 Notes 0 0 107,845 Bonds 0 6 4,082 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 69 1,127 3,335 Government Account Series 129,325 2,439,561 7,905,224 Domestic Series 0 0 55 Foreign Series 0 0 100 State and Local Series 26 6,920 17,214 Other 6 183 243 Total Redemptions 129,427 2,772,732 8,851,440 Net Change in Public Debt Outstanding -519 7,435 167,047 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (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) 128,907 2,780,167 9,018,487 Premium on New Issues 0 6 6 Discount on New Issues: Bills (-) 0 3,150 9,314 Bonds and Notes (-) 0 35 648 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 128,063 2,433,974 7,951,850 Interest Increment on United States Savings Securities (-) 1 564 1,749 Inflation-Protected Securities Increment 22 707 6,189 Total Public Debt Cash Issues Deposited in Federal Reserve Account 822 341,743 1,048,742 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 129,427 2,772,732 8,851,440 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 (-) 129,325 2,439,561 7,905,224 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 101 333,171 946,216 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit | ___________________________________________________________________________________________ | | | Opening balance | | _________________________________________________________________ | Closing | | | Fiscal | | Balance Transactions | balance | | This | year | | | today | Today | month | | ___________________________________________________________________________________________ Debt Held by the Public $ 4,722,776 $ 4,721,873 $ 4,709,403 $ 4,601,239 Intragovernmental Holdings 3,376,981 3,378,404 3,382,919 3,331,471 Total Public Debt Outstanding 8,099,757 8,100,276 8,092,322 7,932,710 Less: Debt Not Subject to Limit: Other Debt 508 508 509 509 Unamortized Discount 49,177 49,282 49,040 47,290 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 150 150 145 130 Total Public Debt Subject to Limit 8,036,221 8,036,635 8,028,919 7,871,040 Statutory Debt Limit 8,184,000 8,184,000 8,184,000 8,184,000 Act of November 19, 2004, permanently increased the statutory debt limit to $8,184 billion. 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 28, 2005 (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 $ 3,930 $ 133,087 $ 376,282 Individual Income Taxes 11 163 426 Railroad Retirement Taxes 3 313 999 Excise Taxes 407 3,912 14,509 Corporation Income Taxes 124 70,113 86,012 Federal Unemployment Taxes 5 62 897 Estate and Gift Taxes & Misc IRS Rcpts. 1 53 198 Change in Balance of Unclassified Taxes -295 784 763 Total 4,185 208,488 480,086 These Receipts were deposited in: Federal Reserve Account: Directly 85 2,250 7,972 Collector Depositaries 1,344 44,110 113,599 Tax and Loan Accounts 2,737 157,602 344,727 Inter-agency Transfers 19 4,526 13,788 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 37 $ 185 $ 19,766 $ 43,322 Deposits: Taxes Received (Table IV) 13 80 2,645 2,737 Transfers to Depositaries 0 1 679 680 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 7,663 7,663 Depositary Initiated 2 26 593 621 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Closing Balance Today 48 240 14,833 38,456 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 28, 2005 (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 | ___________________________________________________________________________________________ Individual $ 4 $ 1,015 $ 10,232 Business 51 2,790 12,028 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 Tax and Loan accounts at commercial banks. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, Bureau of the Public Debt and various electronic systems. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed. SOURCE: Financial Management Service, Department of the Treasury Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Financial Management Service (FMS) website www.fms.treas.gov/dts. For more information, call the Cash Forecasting Division at 202-874-9790. The DTS is also available on the Department of Commerce's "State of the Nation" website: http://www.stat-usa.gov/sotn. For more information regarding this system, please call 202-482-1986.