1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday July 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 $ 3,849 $ 3,821 $ 4,649 $ 5,451 Tax and Loan Note Accounts (Table V) 19,416 834 20,560 46,676 Total Operating Balance 23,265 4,655 25,209 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday July 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) 42 195 3,553 Commodity Credit Corporation programs 61 725 11,801 Customs and Certain Excise Taxes 78 931 25,790 Deposits by States: Supplemental Security Income 0 5 3,444 Unemployment 37 233 27,412 Education Department programs 63 598 14,227 Energy Department programs 21 165 5,479 Estate and Gift Taxes 91 885 21,195 Federal Reserve Earnings 0 1,763 24,501 Foreign Deposits, Military Sales 10 934 11,079 FTD's Received (Table IV) 4,452 23,638 457,483 Housing and Urban Development programs 31 301 5,862 Individual Income and Employment Taxes, Not Withheld 265 3,449 395,924 Interest recd from T&L Depositaries 0 27 979 Justice Department programs 17 137 4,011 Postal Service 374 4,229 81,351 Public Debt Cash Issues (Table III-B) 8,243 167,185 3,526,919 Other Deposits: U.S. Enrichment Corp. 51 51 51 Total Other Deposits 51 2,397 43,482 Change in Balance of Uncollected Funds (closing balance $ 31) 117 141 111 Transfers from Depositaries 17,493 109,242 2,447,549 Total Federal Reserve Account 31,446 317,179 7,112,153 Tax and Loan Note Accounts: FTD's Received (Table IV) 19,958 69,721 1,269,091 Transfers from Federal Reserve Account (Table V) 16,117 38,377 1,151,197 Total Tax and Loan Note Accounts (Table V) 36,075 108,098 2,420,288 Total Deposits (excluding transfers) 33,910 277,658 5,933,695 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday July 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 34 210 22,973 Defense Vendor Payments (EFT) 1,188 11,546 240,153 Education Department programs 380 1,861 68,031 Energy Department programs 57 942 21,343 Federal Employees Insurance Payments 151 2,105 41,862 Fed. Highway Administration programs 147 1,428 25,015 Federal Salaries (EFT) 1,157 7,183 121,120 Food and Nutrition Service (misc) 252 1,561 27,082 Food Stamps 182 1,061 16,302 GSA programs 53 746 12,785 Health and Human Services Grants (misc) 227 2,530 58,867 Housing and Urban Development programs 104 3,460 43,589 Interest on Treasury Securities 5,667 10,182 129,024 Justice Department programs 54 617 10,393 Labor Dept. prgms (excl. unemployment) 36 522 10,076 Medicaid 703 8,294 149,941 Medicare 843 11,838 342,719 NASA programs 34 537 10,143 Postal Service Money Orders and Other 306 2,163 40,213 Public Debt Cash Redemp. (Table III-B) 1,352 152,086 3,466,322 Social Security Benefits (EFT) 42 27,618 369,498 Temporary Assistance for Needy Families (HHS) 88 624 13,377 Unemployment Insurance Benefits 142 1,261 25,972 Veterans Affairs programs 149 1,120 19,784 Other Withdrawals: Export-Import Bank (net) -85 -114 -1,372 Interior 58 557 9,049 Pmt. to Resolution Funding Corp (Treas) 496 496 1,987 Thrift Savings Plan Transfer 129 969 17,433 Transportation Security Admin. (DHS) 19 92 1,667 Unclassified 1,337 15,494 278,851 Total, Other Withdrawals 1,954 28,106 675,973 Transfers to Depositaries 16,117 38,377 1,151,197 Total Federal Reserve Account 31,418 317,980 7,113,755 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 17,493 109,242 2,447,549 Total Withdrawals (excluding transfers) 15,300 279,603 5,962,558 Net Change in Operating Cash Balance 18,610 -1,944 -28,862 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday July 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 -2 119,566 2,624,211 Cash Management Series 0 0 196,003 Notes 8,000 45,924 581,905 Bonds 0 0 25,778 Inflation-Protected Securities Increment 261 1,391 8,476 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 14 135 3,064 Interest Increment 0 648 6,038 Government Account Series 130,390 1,324,737 26,882,150 Domestic Series 0 56 241 Foreign Series 0 0 500 State and Local Series 267 2,605 118,713 Other 49 716 14,523 Total Issues 138,979 1,495,777 30,461,603 (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 0 115,547 2,858,673 Notes 0 26,664 512,923 Bonds 0 1 4,045 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 74 763 14,092 Government Account Series 128,833 1,324,806 26,615,695 Domestic Series 56 56 241 Foreign Series 0 0 500 State and Local Series 1,171 8,303 61,624 Other 50 751 14,223 Total Redemptions 130,185 1,476,893 30,082,017 Net Change in Public Debt Outstanding 8,793 18,885 379,586 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday July 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) 138,979 1,495,777 30,461,603 Premium on New Issues 0 0 199 Discount on New Issues: Bills (-) 0 1,674 36,520 Bonds and Notes (-) 86 145 2,087 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 130,390 1,324,737 26,882,150 Interest Increment on United States Savings Securities (-) 0 648 6,038 Inflation-Protected Securities Increment 259 1,389 8,089 Total Public Debt Cash Issues Deposited in Federal Reserve Account 8,243 167,185 3,526,919 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 130,185 1,476,893 30,082,017 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 (-) 128,833 1,324,806 26,615,695 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 1,352 152,086 3,466,322 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday July 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/ $ 4,963,033 $ 4,955,834 $ 4,943,090 $ 4,843,121 Intragovernmental Holdings 3,923,527 3,921,933 3,924,585 3,663,853 Total Public Debt Outstanding 8,886,560 8,877,767 8,867,675 8,506,974 Less: Debt Not Subject to Limit: Other Debt 503 503 503 506 Unamortized Discount 73,792 74,159 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 68 68 70 96 Total Public Debt Subject to Limit 8,798,334 8,789,172 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 $2,52 5 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday July 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 $ 17,252 $ 83,572 $ 1,397,322 Individual Income Taxes 16 -110 14,671 Railroad Retirement Taxes 86 268 3,817 Excise Taxes 56 2,869 51,213 Corporation Income Taxes 6,769 9,208 301,443 Federal Unemployment Taxes 13 73 6,481 Estate and Gift Taxes & Misc IRS Rcpts. 13 54 663 Change in Balance of Unclassified Taxes 404 850 819 Total 24,609 96,784 1,776,428 These Receipts were deposited in: Federal Reserve Account: Directly 119 1,742 34,494 Collector Depositaries 4,333 21,896 422,989 Tax and Loan Accounts 19,958 69,721 1,269,091 Inter-agency Transfers 200 3,426 49,853 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 152 $ 666 $ 834 Deposits: Taxes Received (Table IV) 12 99 19,847 19,958 Transfers to Depositaries 0 2 616 617 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 13,000 Repo Investment 0 0 0 2,500 Withdrawals: Treasury Initiated 0 0 10,930 10,930 Depositary Initiated 3 36 6,525 6,563 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 24 218 3,674 19,416 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday July 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 $ 5 $ 1,904 $ 244,847 Business 32 1,304 35,848 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.