1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday July 03, 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 $ 4,117 $ 5,356 $ 4,649 $ 5,451 Tax and Loan Note Accounts (Table V) 4,124 27,900 20,560 46,676 Total Operating Balance 8,242 33,256 25,209 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday July 03, 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) 26 39 3,397 Commodity Credit Corporation programs 66 188 11,265 Customs and Certain Excise Taxes 102 200 25,059 Deposits by States: Supplemental Security Income 0 4 3,442 Unemployment 14 25 27,205 Education Department programs 44 80 13,709 Energy Department programs 13 65 5,379 Estate and Gift Taxes 59 109 20,419 Federal Reserve Earnings 0 0 22,738 Foreign Deposits, Military Sales 118 746 10,892 FTD's Received (Table IV) 1,225 4,607 438,453 Housing and Urban Development programs 42 85 5,646 Individual Income and Employment Taxes, Not Withheld 400 724 393,200 Interest recd from T&L Depositaries 16 16 968 Justice Department programs 19 66 3,940 Postal Service 540 951 78,073 Public Debt Cash Issues (Table III-B) 311 38,513 3,398,247 Other Deposits: Air Transport Security Fees 6 216 1,972 Thrift Savings Plan Transfer 118 138 8,437 Total Other Deposits 124 1,063 42,148 Change in Balance of Uncollected Funds (closing balance $ 161) -121 11 -19 Transfers from Depositaries 28,457 44,283 2,382,590 Total Federal Reserve Account 31,454 91,775 6,886,749 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,609 21,009 1,220,379 Transfers from Federal Reserve Account (Table V) 2,072 6,839 1,119,659 Total Tax and Loan Note Accounts (Table V) 4,681 27,847 2,340,038 Total Deposits (excluding transfers) 5,606 68,501 5,724,538 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday July 03, 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 6 58 22,821 Defense Vendor Payments (EFT) 2,018 2,437 231,043 Education Department programs 157 295 66,465 Energy Department programs 120 218 20,619 Federal Employees Insurance Payments 198 344 40,102 Fed. Highway Administration programs 203 325 23,913 Federal Salaries (EFT) 493 1,862 115,798 Food and Nutrition Service (misc) 132 257 25,778 Food Stamps 65 133 15,373 GSA programs 42 395 12,434 Health and Human Services Grants (misc) 314 570 56,907 Housing and Urban Development programs 186 2,383 42,511 Interest on Treasury Securities 2 4,493 123,335 Justice Department programs 45 61 9,837 Labor Dept. prgms (excl. unemployment) 38 104 9,658 Medicaid 955 1,684 143,331 Medicare 1,396 2,314 333,195 NASA programs 68 76 9,682 Postal Service Money Orders and Other 205 513 38,563 Public Debt Cash Redemp. (Table III-B) 144 33,582 3,347,818 Social Security Benefits (EFT) 21,464 21,643 363,522 Temporary Assistance for Needy Families (HHS) 8 53 12,807 Unemployment Insurance Benefits 139 259 24,970 Veterans Affairs programs 123 255 18,919 Other Withdrawals: Agency for Internat'l Development 135 151 7,122 Interior 51 85 8,577 Transportation Security Admin. (DHS) 26 26 1,601 Treasury Dept: Claims Payments 240 240 409 USDA: Forest Service 77 77 1,888 Unclassified 1,569 3,343 266,700 Total, Other Withdrawals 2,097 11,156 659,023 Transfers to Depositaries 2,072 6,839 1,119,659 Total Federal Reserve Account 32,693 92,307 6,888,082 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 28,457 44,283 2,382,590 Total Withdrawals (excluding transfers) 30,621 85,468 5,768,423 Net Change in Operating Cash Balance -25,014 -16,967 -43,885 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday July 03, 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 -2 2,504,643 Cash Management Series 0 0 196,003 Notes 0 37,927 573,908 Bonds 0 0 25,778 Inflation-Protected Securities Increment 87 267 7,353 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 30 55 2,984 Interest Increment 0 646 6,037 Government Account Series 149,683 283,312 25,840,725 Domestic Series 0 0 185 Foreign Series 0 0 500 State and Local Series 230 483 116,591 Other 51 110 13,917 Total Issues 150,081 322,796 29,288,622 (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 0 2,743,126 Notes 0 26,664 512,923 Bonds 0 0 4,044 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 92 169 13,498 Government Account Series 148,749 286,431 25,577,320 Domestic Series 0 0 185 Foreign Series 0 0 500 State and Local Series 0 6,606 59,926 Other 52 143 13,615 Total Redemptions 148,893 320,014 28,925,138 Net Change in Public Debt Outstanding 1,188 2,783 363,484 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday July 03, 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) 150,081 322,796 29,288,622 Premium on New Issues 0 0 199 Discount on New Issues: Bills (-) 0 0 34,846 Bonds and Notes (-) 0 58 2,000 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 149,683 283,312 25,840,725 Interest Increment on United States Savings Securities (-) 0 646 6,037 Inflation-Protected Securities Increment 87 267 6,967 Total Public Debt Cash Issues Deposited in Federal Reserve Account 311 38,513 3,398,247 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 148,893 320,014 28,925,138 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 (-) 148,749 286,431 25,577,320 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 144 33,582 3,347,818 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday July 03, 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/ $ 4,949,386 $ 4,948,715 $ 4,943,090 $ 4,843,121 Intragovernmental Holdings 3,921,072 3,920,555 3,924,585 3,663,853 Total Public Debt Outstanding 8,870,458 8,869,270 8,867,675 8,506,974 Less: Debt Not Subject to Limit: Other Debt 503 503 503 506 Unamortized Discount 73,708 73,834 74,074 72,286 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 70 70 70 96 Total Public Debt Subject to Limit 8,782,317 8,781,003 8,779,168 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 $1,93 0 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday July 03, 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 $ 4,095 $ 26,155 $ 1,339,905 Individual Income Taxes 2/ -91 20 14,801 Railroad Retirement Taxes 6 93 3,642 Excise Taxes 21 36 48,380 Corporation Income Taxes 475 514 292,748 Federal Unemployment Taxes 6 10 6,418 Estate and Gift Taxes & Misc IRS Rcpts. 0 5 613 Change in Balance of Unclassified Taxes 105 224 193 Total 4,618 27,057 1,706,700 These Receipts were deposited in: Federal Reserve Account: Directly 72 180 32,932 Collector Depositaries 1,154 4,427 405,521 Tax and Loan Accounts 2,609 21,009 1,220,379 Inter-agency Transfers 785 1,441 47,868 2/Reported as a negative amount due to a return/reversal of $100 million. TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 51 $ 538 $ 8,311 $ 27,900 Deposits: Taxes Received (Table IV) 8 69 2,532 2,609 Transfers to Depositaries 0 0 171 172 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,900 Withdrawals: Treasury Initiated 51 538 8,287 8,876 Depositary Initiated 1 8 571 580 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 15,000 Repo Investment 0 0 0 4,000 Closing Balance Today 6 61 2,157 4,124 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday July 03, 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 $ 8 $ 55 $ 242,998 Business 304 502 35,046 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.