1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday March 16, 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 $ 5,351 $ 6,285 $ 5,194 $ 5,451 Tax and Loan Note Accounts (Table V) 29,746 26,217 6,317 46,676 Total Operating Balance 35,097 32,502 11,511 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday March 16, 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) 8 174 2,149 Commodity Credit Corporation programs 60 1,009 6,045 Customs and Certain Excise Taxes 80 1,122 15,199 Deposits by States: Supplemental Security Income 0 4 1,913 Unemployment 24 201 9,492 Education Department programs 34 693 9,294 Energy Department programs 9 184 3,243 Estate and Gift Taxes 34 1,081 11,577 Federal Reserve Earnings 0 1,232 12,447 Foreign Deposits, Military Sales 46 938 6,688 FTD's Received (Table IV) 2,870 32,140 262,832 Housing and Urban Development programs 27 293 3,457 Individual Income and Employment Taxes, Not Withheld 310 5,579 106,736 Interest recd from T&L Depositaries 0 18 526 Justice Department programs 17 113 2,127 Postal Service 338 4,941 48,131 Public Debt Cash Issues (Table III-B) 124 283,272 2,124,738 Other Deposits: Interntl Security Assistance (DSCA) 51 51 453 Thrift Savings Plan Transfer 143 4,139 6,370 Total Other Deposits 194 5,432 32,359 Change in Balance of Uncollected Funds (closing balance $ 93) 31 35 49 Transfers from Depositaries 16,145 140,237 1,420,056 Total Federal Reserve Account 20,352 478,698 4,079,056 Tax and Loan Note Accounts: FTD's Received (Table IV) 15,675 111,171 746,034 Transfers from Federal Reserve Account (Table V) 4,000 52,494 657,092 Total Tax and Loan Note Accounts (Table V) 19,675 163,666 1,403,126 Total Deposits (excluding transfers) 19,881 449,632 3,405,034 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday March 16, 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 22 454 21,027 Defense Vendor Payments (EFT) 1,284 15,148 136,765 Education Department programs 301 3,254 42,441 Energy Department programs 98 1,152 12,356 Federal Employees Insurance Payments 132 2,317 23,954 Fed. Highway Administration programs 80 937 13,597 Federal Salaries (EFT) 95 6,772 70,932 Food and Nutrition Service (misc) 99 1,787 15,514 Food Stamps 68 1,086 9,736 GSA programs 21 978 7,166 Health and Human Services Grants (misc) 286 3,237 33,475 Housing and Urban Development programs 95 3,372 24,967 Interest on Treasury Securities 2 1,781 81,049 Justice Department programs 81 727 6,356 Labor Dept. prgms (excl. unemployment) 120 607 5,737 Medicaid 506 9,529 85,569 Medicare 1,072 22,942 199,371 NASA programs 56 617 5,410 Postal Service Money Orders and Other 206 2,435 23,550 Public Debt Cash Redemp. (Table III-B) 137 237,429 1,964,045 Social Security Benefits (EFT) 36 27,558 213,558 Temporary Assistance for Needy Families (HHS) 85 931 8,016 Unemployment Insurance Benefits 93 1,815 15,247 Veterans Affairs programs 91 1,262 11,278 Other Withdrawals: Agency for Internat'l Development 157 407 4,503 Federal Railroad Admin. 166 166 505 Interior 65 533 5,053 Interntl Security Assistance (DSCA) 2,638 2,694 3,705 IRS Tax Refunds Business (EFT) 50 324 8,912 IRS Tax Refunds Individual (EFT) 7,889 30,841 111,044 National Credit Union Administration 81 81 81 Transportation Security Admin. (DHS) 7 74 978 Unclassified 1,167 21,826 140,040 Total, Other Withdrawals 12,220 77,919 390,948 Transfers to Depositaries 4,000 52,494 657,092 Total Federal Reserve Account 21,286 478,541 4,079,156 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 16,145 140,237 1,420,056 Total Withdrawals (excluding transfers) 17,286 426,046 3,422,064 Net Change in Operating Cash Balance 2,596 23,586 -17,030 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday March 16, 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 -1 245,272 1,606,133 Cash Management Series 0 23,000 85,001 Notes 0 8,000 358,380 Bonds 0 0 19,014 Inflation-Protected Securities Increment 41 613 -2,512 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 11 185 1,979 Interest Increment 0 543 3,604 Government Account Series 133,539 1,633,020 14,975,571 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 60 9,039 68,690 Other 54 979 8,341 Total Issues 133,705 1,920,651 17,124,347 (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 0 231,266 1,583,568 Notes 0 0 327,267 Bonds 0 1 4,040 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 52 833 8,453 Government Account Series 131,866 1,633,564 14,839,507 Domestic Series 0 0 146 Foreign Series 0 0 0 State and Local Series 12 4,439 32,470 Other 73 890 8,101 Total Redemptions 132,003 1,870,993 16,803,552 Net Change in Public Debt Outstanding 1,702 49,658 320,795 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday March 16, 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) 133,705 1,920,651 17,124,347 Premium on New Issues 0 64 152 Discount on New Issues: Bills (-) 0 3,268 22,455 Bonds and Notes (-) 0 0 962 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 133,539 1,633,020 14,975,571 Interest Increment on United States Savings Securities (-) 0 543 3,604 Inflation-Protected Securities Increment 41 613 -2,833 Total Public Debt Cash Issues Deposited in Federal Reserve Account 124 283,272 2,124,738 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 132,003 1,870,993 16,803,552 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 (-) 131,866 1,633,564 14,839,507 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 137 237,429 1,964,045 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday March 16, 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/ $ 5,032,362 $ 5,032,194 $ 4,979,111 $ 4,843,121 Intragovernmental Holdings 3,795,407 3,793,873 3,799,000 3,663,853 Total Public Debt Outstanding 8,827,769 8,826,067 8,778,111 8,506,974 Less: Debt Not Subject to Limit: Other Debt 504 504 504 506 Unamortized Discount 73,665 73,812 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 8,739,672 8,737,824 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 $4,09 8 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday March 16, 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 $ 16,639 $ 100,251 $ 834,973 Individual Income Taxes 30 230 2,589 Railroad Retirement Taxes 51 264 2,223 Excise Taxes 14 3,865 28,445 Corporation Income Taxes 686 40,228 164,120 Federal Unemployment Taxes 3 51 2,277 Estate and Gift Taxes & Misc IRS Rcpts. 1 42 389 Change in Balance of Unclassified Taxes 1,162 1,948 2,071 Total 18,587 146,879 1,037,087 These Receipts were deposited in: Federal Reserve Account: Directly 99 2,426 19,513 Collector Depositaries 2,771 29,714 243,319 Tax and Loan Accounts 15,675 111,171 746,034 Inter-agency Transfers 42 3,568 28,222 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 22 $ 186 $ 7,009 $ 26,217 Deposits: Taxes Received (Table IV) 16 121 15,538 15,675 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 4,000 Withdrawals: Treasury Initiated 0 0 7,342 7,342 Depositary Initiated 4 42 6,757 6,803 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 2,000 Closing Balance Today 34 265 8,447 29,746 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday March 16, 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 $ 12,572 $ 42,894 $ 141,021 Business 153 2,149 22,171 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.