1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 $ 5,412 $ 5,302 $ 4,708 $ 5,451 Tax and Loan Note Accounts (Table V) 55,845 53,926 25,959 46,676 Total Operating Balance 61,257 59,228 30,667 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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) 19 325 1,614 Commodity Credit Corporation programs 49 829 3,924 Customs and Certain Excise Taxes 117 1,529 10,206 Deposits by States: Supplemental Security Income 0 3 1,148 Unemployment 68 466 5,659 Education Department programs 74 1,183 7,047 Energy Department programs 58 313 2,078 Estate and Gift Taxes 102 1,692 8,241 Federal Reserve Earnings 564 1,949 7,736 Foreign Deposits, Military Sales 63 708 4,816 FTD's Received (Table IV) 2,888 40,005 182,455 Housing and Urban Development programs 16 441 2,380 Individual Income and Employment Taxes, Not Withheld 2,696 62,381 92,076 Interest recd from T&L Depositaries 1 73 341 Justice Department programs 16 477 1,731 Postal Service 381 6,935 33,371 Public Debt Cash Issues (Table III-B) 1,836 225,281 1,351,442 Other Deposits: Air Transport Security Fees 1 33 594 Total Other Deposits 1 1,094 23,305 Change in Balance of Uncollected Funds (closing balance $ 106) 83 31 36 Transfers from Depositaries 10,879 191,219 937,577 Total Federal Reserve Account 19,910 536,933 2,677,184 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,185 110,717 494,090 Transfers from Federal Reserve Account (Table V) 8,613 110,389 452,655 Total Tax and Loan Note Accounts (Table V) 12,798 221,105 946,745 Total Deposits (excluding transfers) 13,217 456,430 2,233,697 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 114 2,303 18,370 Defense Vendor Payments (EFT) 949 18,260 93,975 Education Department programs 508 7,685 27,280 Energy Department programs 70 1,527 8,576 Federal Employees Insurance Payments 215 3,161 15,965 Fed. Highway Administration programs 86 1,788 10,368 Federal Salaries (EFT) 109 8,758 47,831 Food and Nutrition Service (misc) 117 2,298 10,572 Food Stamps 32 1,586 6,795 GSA programs 42 979 4,813 Health and Human Services Grants (misc) 208 4,136 22,780 Housing and Urban Development programs 94 3,667 16,929 Interest on Treasury Securities 3 9,380 46,042 Justice Department programs 69 745 4,372 Labor Dept. prgms (excl. unemployment) 45 787 3,904 Medicaid 495 12,105 57,172 Medicare 1,517 28,669 136,866 NASA programs 44 647 3,459 Postal Service Money Orders and Other 141 3,451 16,026 Public Debt Cash Redemp. (Table III-B) 118 239,317 1,319,525 Social Security Benefits (EFT) 5,390 37,754 147,996 Temporary Assistance for Needy Families (HHS) 19 1,091 5,100 Unemployment Insurance Benefits 178 2,657 9,635 Veterans Affairs programs 91 1,560 7,675 Other Withdrawals: IRS Tax Refunds Business (EFT) 62 683 4,853 Transportation Security Admin. (DHS) 8 117 674 Unclassified 466 17,007 91,947 Total, Other Withdrawals 535 31,529 182,540 Transfers to Depositaries 8,613 110,389 452,655 Total Federal Reserve Account 19,800 536,229 2,677,223 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 10,879 191,219 937,577 Total Withdrawals (excluding transfers) 11,188 425,840 2,224,568 Net Change in Operating Cash Balance 2,029 30,590 9,130 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 -1 166,100 1,018,091 Cash Management Series 0 0 56,000 Notes 0 52,198 241,139 Bonds 0 0 0 Inflation-Protected Securities Increment -18 -489 -3,525 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 355 1,402 Interest Increment 0 626 2,500 Government Account Series 128,226 2,101,831 10,160,225 Domestic Series 0 73 146 Foreign Series 0 0 0 State and Local Series 1,775 8,073 43,550 Other 46 1,136 5,625 Total Issues 130,044 2,329,902 11,525,153 (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 0 178,243 1,053,541 Notes 0 52,009 227,660 Bonds 0 5 4,033 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 70 1,823 5,967 Government Account Series 131,754 2,090,990 10,032,783 Domestic Series 0 73 146 Foreign Series 0 0 0 State and Local Series 1 6,020 22,698 Other 47 1,144 5,480 Total Redemptions 131,871 2,330,308 11,352,308 Net Change in Public Debt Outstanding -1,827 -406 172,845 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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) 130,044 2,329,902 11,525,153 Premium on New Issues 0 0 88 Discount on New Issues: Bills (-) 0 2,515 14,475 Bonds and Notes (-) 0 137 452 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 128,226 2,101,831 10,160,225 Interest Increment on United States Savings Securities (-) 0 626 2,500 Inflation-Protected Securities Increment -18 -488 -3,853 Total Public Debt Cash Issues Deposited in Federal Reserve Account 1,836 225,281 1,351,442 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 131,871 2,330,308 11,352,308 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 (-) 131,754 2,090,990 10,032,783 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 118 239,317 1,319,525 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 1/ $ 4,890,430 $ 4,888,595 $ 4,901,047 $ 4,843,121 Intragovernmental Holdings 3,789,388 3,793,051 3,779,178 3,663,853 Total Public Debt Outstanding 8,679,819 8,681,646 8,680,224 8,506,974 Less: Debt Not Subject to Limit: Other Debt 505 505 505 506 Unamortized Discount 73,539 73,672 73,300 72,286 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 71 71 94 96 Total Public Debt Subject to Limit 8,591,846 8,593,540 8,592,513 8,420,278 Statutory Debt Limit 8,965,000 8,965,000 8,965,000 8,965,000 Act of March 20, 2006, permanently increased the statutory debt limit to $8,965 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $4,08 6 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 $ 7,337 $ 137,091 $ 555,080 Individual Income Taxes 8 1,475 2,125 Railroad Retirement Taxes 3 312 1,368 Excise Taxes 73 2,699 17,999 Corporation Income Taxes 69 12,188 115,689 Federal Unemployment Taxes 24 208 1,110 Estate and Gift Taxes & Misc IRS Rcpts. 5 38 273 Change in Balance of Unclassified Taxes -432 -231 640 Total 7,085 153,780 694,283 These Receipts were deposited in: Federal Reserve Account: Directly 108 2,434 13,065 Collector Depositaries 2,780 37,570 169,390 Tax and Loan Accounts 4,185 110,717 494,090 Inter-agency Transfers 12 3,059 17,738 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 51 $ 393 $ 13,955 $ 53,926 Deposits: Taxes Received (Table IV) 7 69 4,109 4,185 Transfers to Depositaries 0 0 112 113 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 4,500 Repo Investment 0 0 0 4,000 Withdrawals: Treasury Initiated 0 0 5,429 5,429 Depositary Initiated 2 40 1,407 1,450 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 4,000 Closing Balance Today 56 422 11,339 55,845 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday January 24, 2007 (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 2/$ 470 2/$ 14,192 Business 177 3/ 1,837 3/ 13,351 2/This amount includes an adjustment for $6 million for Individual Tax Refund s for the work dated January 23, 2007. 3/This amount includes an adjustment for $48 million for Business Tax Refunds for the work dated January 23, 2007. 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.