1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday March 14, 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 $ 5,113 $ 4,923 $ 5,194 $ 5,451 Tax and Loan Note Accounts (Table V) 8,059 6,340 6,317 46,676 Total Operating Balance 13,171 11,263 11,511 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday March 14, 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) 11 154 2,128 Commodity Credit Corporation programs 53 888 5,925 Customs and Certain Excise Taxes 103 964 15,041 Deposits by States: Supplemental Security Income 0 3 1,912 Unemployment 9 167 9,458 Education Department programs 78 589 9,190 Energy Department programs 6 157 3,216 Estate and Gift Taxes 139 946 11,442 Federal Reserve Earnings 607 1,232 12,447 Foreign Deposits, Military Sales 7 786 6,535 FTD's Received (Table IV) 4,922 21,672 252,363 Housing and Urban Development programs 17 249 3,412 Individual Income and Employment Taxes, Not Withheld 492 4,947 106,103 Interest recd from T&L Depositaries 0 11 519 Justice Department programs 12 89 2,103 Postal Service 361 4,267 47,457 Public Debt Cash Issues (Table III-B) 583 194,276 2,035,742 Other Deposits: Air Transport Security Fees 1 6 950 Total Other Deposits 1 4,385 31,312 Change in Balance of Uncollected Funds (closing balance $ 132) -61 -3 11 Transfers from Depositaries 7,174 88,402 1,368,221 Total Federal Reserve Account 14,513 324,179 3,924,537 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,519 63,467 698,330 Transfers from Federal Reserve Account (Table V) 1,374 26,675 631,273 Total Tax and Loan Note Accounts (Table V) 8,893 90,143 1,329,603 Total Deposits (excluding transfers) 14,858 299,245 3,254,647 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday March 14, 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 35 416 20,989 Defense Vendor Payments (EFT) 813 12,533 134,150 Education Department programs 316 2,672 41,858 Energy Department programs 64 925 12,128 Federal Employees Insurance Payments 162 2,054 23,691 Fed. Highway Administration programs 48 785 13,446 Federal Salaries (EFT) 108 6,006 70,167 Food and Nutrition Service (misc) 162 1,560 15,287 Food Stamps 75 919 9,569 GSA programs 45 859 7,047 Health and Human Services Grants (misc) 239 2,603 32,841 Housing and Urban Development programs 110 3,204 24,799 Interest on Treasury Securities 5 473 79,741 Justice Department programs 35 595 6,224 Labor Dept. prgms (excl. unemployment) 52 452 5,582 Medicaid 685 8,009 84,048 Medicare 1,123 20,789 197,218 NASA programs 40 520 5,312 Postal Service Money Orders and Other 157 2,080 23,194 Public Debt Cash Redemp. (Table III-B) 275 137,719 1,864,334 Social Security Benefits (EFT) 5,456 27,482 213,481 Temporary Assistance for Needy Families (HHS) 144 750 7,835 Unemployment Insurance Benefits 175 1,592 15,024 Veterans Affairs programs 115 1,115 11,131 Other Withdrawals: Interior 52 424 4,943 IRS Tax Refunds Individual (EFT) 251 22,842 103,045 Thrift Savings Plan Transfer 273 1,899 10,555 Transportation Security Admin. (DHS) 5 63 968 Unclassified 1,930 19,217 137,432 Total, Other Withdrawals 2,511 61,476 374,505 Transfers to Depositaries 1,374 26,675 631,273 Total Federal Reserve Account 14,323 324,260 3,924,875 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 7,174 88,402 1,368,221 Total Withdrawals (excluding transfers) 12,950 297,585 3,293,602 Net Change in Operating Cash Balance 1,908 1,660 -38,956 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday March 14, 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 0 164,354 1,525,215 Cash Management Series 0 23,000 85,001 Notes 0 0 350,380 Bonds 0 0 19,014 Inflation-Protected Securities Increment 41 532 -2,593 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 10 162 1,955 Interest Increment 0 542 3,603 Government Account Series 131,828 1,363,576 14,706,128 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 500 8,257 67,909 Other 73 700 8,062 Total Issues 132,453 1,561,123 16,764,818 (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 0 132,343 1,484,646 Notes 0 0 327,267 Bonds 0 1 4,040 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 63 720 8,340 Government Account Series 137,418 1,368,464 14,574,407 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 170 3,974 32,005 Other 42 679 7,891 Total Redemptions 137,694 1,506,182 16,438,741 Net Change in Public Debt Outstanding -5,241 54,940 326,077 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday March 14, 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) 132,453 1,561,123 16,764,818 Premium on New Issues 0 0 88 Discount on New Issues: Bills (-) 0 2,197 21,385 Bonds and Notes (-) 0 0 962 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 131,828 1,363,576 14,706,128 Interest Increment on United States Savings Securities (-) 0 542 3,603 Inflation-Protected Securities Increment 41 532 -2,914 Total Public Debt Cash Issues Deposited in Federal Reserve Account 583 194,276 2,035,742 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 137,694 1,506,182 16,438,741 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 (-) 137,418 1,368,464 14,574,407 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 275 137,719 1,864,334 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday March 14, 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/ $ 5,041,456 $ 5,041,379 $ 4,979,111 $ 4,843,121 Intragovernmental Holdings 3,791,595 3,796,913 3,799,000 3,663,853 Total Public Debt Outstanding 8,833,051 8,838,292 8,778,111 8,506,974 Less: Debt Not Subject to Limit: Other Debt 504 504 504 506 Unamortized Discount 72,891 73,039 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 72 71 96 Total Public Debt Subject to Limit 8,745,728 8,750,821 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 Wednesday March 14, 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 $ 6,574 $ 77,936 $ 812,658 Individual Income Taxes 11 155 2,514 Railroad Retirement Taxes 11 206 2,164 Excise Taxes 1,811 3,755 28,335 Corporation Income Taxes 3,895 6,007 129,899 Federal Unemployment Taxes 5 41 2,267 Estate and Gift Taxes & Misc IRS Rcpts. 4 39 387 Change in Balance of Unclassified Taxes 156 356 480 Total 12,467 88,495 978,703 These Receipts were deposited in: Federal Reserve Account: Directly 564 2,246 19,332 Collector Depositaries 4,358 19,426 233,032 Tax and Loan Accounts 7,519 63,467 698,330 Inter-agency Transfers 25 3,356 28,009 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 14 $ 131 $ 5,195 $ 6,340 Deposits: Taxes Received (Table IV) 16 110 7,394 7,519 Transfers to Depositaries 0 0 373 374 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 3,352 3,352 Depositary Initiated 6 39 2,777 2,822 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,000 Closing Balance Today 24 202 6,833 8,059 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday March 14, 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 $ 496 $ 30,205 $ 128,332 Business 86 1,897 21,918 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.