1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday March 08, 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 $ 4,752 $ 4,449 $ 5,194 $ 5,451 Tax and Loan Note Accounts (Table V) 16,465 8,422 6,317 46,676 Total Operating Balance 21,217 12,871 11,511 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday March 08, 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) 12 105 2,079 Commodity Credit Corporation programs 63 706 5,742 Customs and Certain Excise Taxes 81 568 14,645 Deposits by States: Supplemental Security Income 0 3 1,912 Unemployment 18 117 9,408 Education Department programs 49 392 8,992 Energy Department programs 3 132 3,191 Estate and Gift Taxes 66 598 11,094 Federal Reserve Earnings 0 625 11,840 Foreign Deposits, Military Sales 2 768 6,517 FTD's Received (Table IV) 857 11,979 242,670 Housing and Urban Development programs 26 148 3,312 Individual Income and Employment Taxes, Not Withheld 594 3,490 104,647 Interest recd from T&L Depositaries 4 10 518 Justice Department programs 6 50 2,064 Postal Service 380 2,682 45,872 Public Debt Cash Issues (Table III-B) 81,956 192,893 2,034,359 Other Deposits: Thrift Savings Plan Transfer 1,183 3,533 5,764 Total Other Deposits 1,183 4,261 31,188 Change in Balance of Uncollected Funds (closing balance $ 466) -343 -337 -324 Transfers from Depositaries 2,660 47,900 1,327,720 Total Federal Reserve Account 87,618 267,088 3,867,446 Tax and Loan Note Accounts: FTD's Received (Table IV) 1,914 37,321 672,184 Transfers from Federal Reserve Account (Table V) 8,789 20,727 625,324 Total Tax and Loan Note Accounts (Table V) 10,703 58,048 1,297,508 Total Deposits (excluding transfers) 86,872 256,509 3,211,910 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday March 08, 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 29 263 20,837 Defense Vendor Payments (EFT) 1,242 7,360 128,978 Education Department programs 220 1,547 40,734 Energy Department programs 117 652 11,855 Federal Employees Insurance Payments 334 1,211 22,848 Fed. Highway Administration programs 78 536 13,197 Federal Salaries (EFT) 114 1,764 65,924 Food and Nutrition Service (misc) 135 826 14,553 Food Stamps 72 471 9,121 GSA programs 95 717 6,905 Health and Human Services Grants (misc) 353 1,633 31,872 Housing and Urban Development programs 100 2,720 24,315 Interest on Treasury Securities 3 454 79,721 Justice Department programs 17 349 5,978 Labor Dept. prgms (excl. unemployment) 42 272 5,402 Medicaid 1,276 5,188 81,227 Medicare 1,097 16,341 192,770 NASA programs 114 313 5,106 Postal Service Money Orders and Other 192 1,146 22,261 Public Debt Cash Redemp. (Table III-B) 70,522 136,489 1,863,104 Social Security Benefits (EFT) 46 21,931 207,931 Temporary Assistance for Needy Families (HHS) 30 429 7,514 Unemployment Insurance Benefits 138 941 14,372 Veterans Affairs programs 64 673 10,689 Other Withdrawals: Interntl Security Assistance (DSCA) 56 56 1,067 Thrift Savings Plan Transfer 336 436 9,092 Transportation Security Admin. (DHS) 4 41 946 U.S. District Courts (net) 85 31 -995 Unclassified 1,614 12,925 131,140 Total, Other Withdrawals 2,095 42,578 355,607 Transfers to Depositaries 8,789 20,727 625,324 Total Federal Reserve Account 87,315 267,530 3,868,145 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 2,660 47,900 1,327,720 Total Withdrawals (excluding transfers) 78,526 246,803 3,242,821 Net Change in Operating Cash Balance 8,346 9,706 -30,910 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday March 08, 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 81,065 164,359 1,525,220 Cash Management Series 0 23,000 85,001 Notes 0 0 350,380 Bonds 0 0 19,014 Inflation-Protected Securities Increment 39 290 -2,835 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 107 1,900 Interest Increment 0 540 3,601 Government Account Series 138,557 827,519 14,170,070 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 1,797 7,129 66,780 Other 145 495 7,857 Total Issues 221,616 1,023,439 16,227,134 (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 70,047 132,343 1,484,646 Notes 0 0 327,267 Bonds 0 1 4,039 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 62 456 8,076 Government Account Series 136,524 831,877 14,037,820 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 266 3,189 31,219 Other 146 500 7,711 Total Redemptions 207,046 968,366 15,900,924 Net Change in Public Debt Outstanding 14,570 55,073 326,210 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday March 08, 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) 221,616 1,023,439 16,227,134 Premium on New Issues 0 0 88 Discount on New Issues: Bills (-) 1,064 2,197 21,385 Bonds and Notes (-) 0 0 962 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 138,557 827,519 14,170,070 Interest Increment on United States Savings Securities (-) 0 540 3,601 Inflation-Protected Securities Increment 39 290 -3,156 Total Public Debt Cash Issues Deposited in Federal Reserve Account 81,956 192,893 2,034,359 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 207,046 968,366 15,900,924 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 (-) 136,524 831,877 14,037,820 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 70,522 136,489 1,863,104 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday March 08, 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/ $ 5,042,013 $ 5,028,460 $ 4,979,111 $ 4,843,121 Intragovernmental Holdings 3,791,171 3,790,154 3,799,000 3,663,853 Total Public Debt Outstanding 8,833,184 8,818,614 8,778,111 8,506,974 Less: Debt Not Subject to Limit: Other Debt 504 504 504 506 Unamortized Discount 73,785 72,868 72,757 72,286 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 72 73 71 96 Total Public Debt Subject to Limit 8,744,967 8,731,314 8,690,921 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 $1,02 7 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday March 08, 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 $ 2,733 $ 48,930 $ 783,652 Individual Income Taxes 9 104 2,463 Railroad Retirement Taxes 4 132 2,091 Excise Taxes 14 1,293 25,872 Corporation Income Taxes 307 860 124,752 Federal Unemployment Taxes 3 26 2,253 Estate and Gift Taxes & Misc IRS Rcpts. 9 25 372 Change in Balance of Unclassified Taxes 76 119 243 Total 3,155 51,490 941,698 These Receipts were deposited in: Federal Reserve Account: Directly 308 1,445 18,531 Collector Depositaries 548 10,534 224,139 Tax and Loan Accounts 1,914 37,321 672,184 Inter-agency Transfers 385 2,190 26,844 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 21 $ 208 $ 7,193 $ 8,422 Deposits: Taxes Received (Table IV) 3 25 1,886 1,914 Transfers to Depositaries 8 100 7,680 7,789 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Withdrawals: Treasury Initiated 0 0 796 796 Depositary Initiated 1 8 855 864 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Closing Balance Today 32 325 15,108 16,465 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday March 08, 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 $ 15,618 $ 113,745 Business 196 990 21,012 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.