1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday January 25, 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 $ 4,756 $ 5,412 $ 4,708 $ 5,451 Tax and Loan Note Accounts (Table V) 53,230 55,845 25,959 46,676 Total Operating Balance 57,986 61,257 30,667 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday January 25, 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) 11 335 1,625 Commodity Credit Corporation programs 26 854 3,950 Customs and Certain Excise Taxes 742 2,271 10,949 Deposits by States: Supplemental Security Income 0 4 1,148 Unemployment 84 550 5,744 Education Department programs 68 1,251 7,114 Energy Department programs 77 390 2,155 Estate and Gift Taxes 74 1,766 8,315 Federal Reserve Earnings 0 1,949 7,736 Foreign Deposits, Military Sales 49 757 4,865 FTD's Received (Table IV) 651 40,655 183,106 Housing and Urban Development programs 24 465 2,404 Individual Income and Employment Taxes, Not Withheld 1,075 63,455 93,151 Interest recd from T&L Depositaries 6 79 348 Justice Department programs 11 488 1,742 Postal Service 380 7,315 33,751 Public Debt Cash Issues (Table III-B) 57,001 282,282 1,408,443 Other Deposits: Minerals Management Svc/Collections 170 685 3,190 Total Other Deposits 170 1,263 23,474 Change in Balance of Uncollected Funds (closing balance $ 100) 6 37 42 Transfers from Depositaries 11,047 202,267 948,624 Total Federal Reserve Account 71,503 608,435 2,748,687 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,693 112,409 495,782 Transfers from Federal Reserve Account (Table V) 6,740 117,129 459,395 Total Tax and Loan Note Accounts (Table V) 8,433 229,538 955,178 Total Deposits (excluding transfers) 62,148 518,578 2,295,845 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday January 25, 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 100 2,403 18,471 Defense Vendor Payments (EFT) 1,343 19,604 95,318 Education Department programs 474 8,159 27,754 Energy Department programs 97 1,623 8,673 Federal Employees Insurance Payments 728 3,888 16,693 Fed. Highway Administration programs 67 1,855 10,435 Federal Salaries (EFT) 177 8,935 48,008 Food and Nutrition Service (misc) 40 2,338 10,612 Food Stamps 73 1,659 6,867 GSA programs 50 1,028 4,863 Health and Human Services Grants (misc) 363 4,499 23,144 Housing and Urban Development programs 99 3,767 17,028 Interest on Treasury Securities 0 9,380 46,042 Justice Department programs 52 797 4,425 Labor Dept. prgms (excl. unemployment) 79 866 3,984 Medicaid 1,313 13,419 58,485 Medicare 1,309 29,978 138,175 NASA programs 53 700 3,512 Postal Service Money Orders and Other 118 3,569 16,145 Public Debt Cash Redemp. (Table III-B) 57,486 296,804 1,377,012 Social Security Benefits (EFT) 0 37,754 147,996 Temporary Assistance for Needy Families (HHS) 42 1,133 5,142 Unemployment Insurance Benefits 154 2,811 9,789 Veterans Affairs programs 56 1,616 7,731 Other Withdrawals: Agriculture Loan Payments (misc) 68 217 458 Federal Aviation Administration 55 471 2,613 Federal Financing Bank (net) 92 -258 -358 International Monetary Fund -192 -154 -1,835 IRS Tax Refunds Business (EFT) 69 752 4,923 Thrift Savings Plan Transfer 86 1,199 6,300 Transportation Security Admin. (DHS) 1 118 675 Unclassified 964 17,971 92,910 Total, Other Withdrawals 1,143 32,673 183,683 Transfers to Depositaries 6,740 117,129 459,395 Total Federal Reserve Account 72,158 608,387 2,749,381 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,047 202,267 948,624 Total Withdrawals (excluding transfers) 65,418 491,258 2,289,986 Net Change in Operating Cash Balance -3,271 27,320 5,859 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday January 25, 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 57,067 223,167 1,075,158 Cash Management Series 0 0 56,000 Notes 0 52,198 241,139 Bonds 0 0 0 Inflation-Protected Securities Increment -18 -506 -3,543 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 371 1,418 Interest Increment 0 626 2,501 Government Account Series 137,374 2,239,206 10,297,599 Domestic Series 0 73 146 Foreign Series 0 0 0 State and Local Series 625 8,697 44,175 Other 148 1,283 5,773 Total Issues 195,213 2,525,115 11,720,366 (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 57,069 235,312 1,110,611 Notes 0 52,009 227,660 Bonds 0 5 4,033 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 64 1,887 6,032 Government Account Series 134,074 2,225,064 10,166,857 Domestic Series 0 73 146 Foreign Series 0 0 0 State and Local Series 214 6,234 22,912 Other 139 1,283 5,619 Total Redemptions 191,560 2,521,868 11,543,868 Net Change in Public Debt Outstanding 3,653 3,247 176,498 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday January 25, 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) 195,213 2,525,115 11,720,366 Premium on New Issues 0 0 88 Discount on New Issues: Bills (-) 855 3,370 15,329 Bonds and Notes (-) 0 137 452 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 137,374 2,239,206 10,297,599 Interest Increment on United States Savings Securities (-) 0 626 2,501 Inflation-Protected Securities Increment -18 -506 -3,871 Total Public Debt Cash Issues Deposited in Federal Reserve Account 57,001 282,282 1,408,443 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 191,560 2,521,868 11,543,868 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 (-) 134,074 2,225,064 10,166,857 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 57,486 296,804 1,377,012 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday January 25, 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/ $ 4,890,714 $ 4,890,430 $ 4,901,047 $ 4,843,121 Intragovernmental Holdings 3,792,757 3,789,388 3,779,178 3,663,853 Total Public Debt Outstanding 8,683,472 8,679,819 8,680,224 8,506,974 Less: Debt Not Subject to Limit: Other Debt 505 505 505 506 Unamortized Discount 74,261 73,539 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 8,594,777 8,591,846 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 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday January 25, 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 $ 2,489 $ 139,579 $ 557,568 Individual Income Taxes 6 1,481 2,131 Railroad Retirement Taxes 4 317 1,372 Excise Taxes 335 3,034 18,334 Corporation Income Taxes 51 12,239 115,741 Federal Unemployment Taxes 22 230 1,132 Estate and Gift Taxes & Misc IRS Rcpts. 2 40 275 Change in Balance of Unclassified Taxes -203 -434 437 Total 2,706 156,486 696,990 These Receipts were deposited in: Federal Reserve Account: Directly 105 2,539 13,170 Collector Depositaries 546 38,116 169,936 Tax and Loan Accounts 1,693 112,409 495,782 Inter-agency Transfers 363 3,422 18,101 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 56 $ 422 $ 11,339 $ 55,845 Deposits: Taxes Received (Table IV) 3 23 1,666 1,693 Transfers to Depositaries 0 0 740 740 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 2,000 Repo Investment 0 0 0 4,000 Withdrawals: Treasury Initiated 0 0 5,953 5,953 Depositary Initiated 1 12 1,081 1,094 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 4,000 Closing Balance Today 58 433 6,711 53,230 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday January 25, 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 $ 5 $ 475 $ 14,197 Business 139 1,976 13,490 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.