1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday July 18, 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 $ 4,100 $ 4,851 $ 4,649 $ 5,451 Tax and Loan Note Accounts (Table V) 14,598 15,542 20,560 46,676 Total Operating Balance 18,698 20,393 25,209 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday July 18, 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) 8 216 3,575 Commodity Credit Corporation programs 65 838 11,914 Customs and Certain Excise Taxes 106 1,133 25,992 Deposits by States: Supplemental Security Income 0 6 3,444 Unemployment 50 334 27,514 Education Department programs 39 689 14,318 Energy Department programs 8 181 5,495 Estate and Gift Taxes 44 1,010 21,320 Federal Reserve Earnings 812 2,575 25,313 Foreign Deposits, Military Sales 15 960 11,105 FTD's Received (Table IV) 3,851 28,687 462,532 Housing and Urban Development programs 20 347 5,908 Individual Income and Employment Taxes, Not Withheld 440 4,211 396,687 Interest recd from T&L Depositaries 0 27 980 Justice Department programs 5 190 4,064 Postal Service 355 5,023 82,146 Public Debt Cash Issues (Table III-B) 183 167,657 3,527,390 Other Deposits: Total Other Deposits 0 2,397 43,482 Change in Balance of Uncollected Funds (closing balance $ 141) 7 31 1 Transfers from Depositaries 5,795 122,216 2,460,523 Total Federal Reserve Account 11,800 338,730 7,133,704 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,735 75,317 1,274,688 Transfers from Federal Reserve Account (Table V) 1,115 40,937 1,153,757 Total Tax and Loan Note Accounts (Table V) 4,850 116,254 2,428,445 Total Deposits (excluding transfers) 9,740 291,831 5,947,868 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday July 18, 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 28 248 23,012 Defense Vendor Payments (EFT) 991 14,208 242,814 Education Department programs 186 2,509 68,679 Energy Department programs 84 1,081 21,482 Federal Employees Insurance Payments 162 2,393 42,151 Fed. Highway Administration programs 87 1,763 25,350 Federal Salaries (EFT) 219 7,869 121,806 Food and Nutrition Service (misc) 129 1,755 27,277 Food Stamps 57 1,201 16,442 GSA programs 0 772 12,812 Health and Human Services Grants (misc) 172 2,971 59,308 Housing and Urban Development programs 121 3,667 43,795 Interest on Treasury Securities 2 10,186 129,028 Justice Department programs 53 702 10,478 Labor Dept. prgms (excl. unemployment) 35 602 10,156 Medicaid 692 9,750 151,397 Medicare 1,156 14,305 345,185 NASA programs 48 626 10,233 Postal Service Money Orders and Other 141 2,510 40,559 Public Debt Cash Redemp. (Table III-B) 110 152,320 3,466,555 Social Security Benefits (EFT) 5,613 33,265 375,145 Temporary Assistance for Needy Families (HHS) 22 669 13,423 Unemployment Insurance Benefits 145 1,548 26,260 Veterans Affairs programs 68 1,260 19,924 Other Withdrawals: Federal Aviation Administration 68 402 5,951 Federal Crop Ins. Corp. 72 72 1,307 Interior 53 722 9,214 Thrift Savings Plan Transfer 156 1,242 17,705 Transportation Security Admin. (DHS) 3 96 1,671 Unclassified 760 16,780 280,137 Total, Other Withdrawals 1,111 30,162 678,029 Transfers to Depositaries 1,115 40,937 1,153,757 Total Federal Reserve Account 12,551 339,279 7,135,054 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,795 122,216 2,460,523 Total Withdrawals (excluding transfers) 11,436 298,343 5,981,298 Net Change in Operating Cash Balance -1,695 -6,511 -33,429 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday July 18, 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 0 119,566 2,624,211 Cash Management Series 0 0 196,003 Notes 0 45,924 581,905 Bonds 0 0 25,778 Inflation-Protected Securities Increment 88 1,566 8,652 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 150 3,079 Interest Increment 0 648 6,039 Government Account Series 128,473 1,588,598 27,146,011 Domestic Series 0 56 241 Foreign Series 0 0 500 State and Local Series 129 2,967 119,076 Other 47 811 14,618 Total Issues 128,745 1,760,286 30,726,112 (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 59 890 14,218 Government Account Series 134,062 1,587,119 26,878,008 Domestic Series 0 56 241 Foreign Series 0 0 500 State and Local Series 3 8,315 61,636 Other 48 847 14,318 Total Redemptions 134,172 1,739,439 30,344,564 Net Change in Public Debt Outstanding -5,427 20,847 381,549 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday July 18, 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) 128,745 1,760,286 30,726,112 Premium on New Issues 0 0 199 Discount on New Issues: Bills (-) 0 1,674 36,520 Bonds and Notes (-) 0 145 2,087 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 128,473 1,588,598 27,146,011 Interest Increment on United States Savings Securities (-) 0 648 6,039 Inflation-Protected Securities Increment 88 1,565 8,264 Total Public Debt Cash Issues Deposited in Federal Reserve Account 183 167,657 3,527,390 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 134,172 1,739,439 30,344,564 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 (-) 134,062 1,587,119 26,878,008 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 110 152,320 3,466,555 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday July 18, 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/ $ 4,963,324 $ 4,963,304 $ 4,943,090 $ 4,843,121 Intragovernmental Holdings 3,925,198 3,930,646 3,924,585 3,663,853 Total Public Debt Outstanding 8,888,523 8,893,950 8,867,675 8,506,974 Less: Debt Not Subject to Limit: Other Debt 503 503 503 506 Unamortized Discount 73,546 73,673 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 8,800,541 8,805,842 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 plus the inflation compensation, less unamortized discount on bills was $1,009 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Wednesday July 18, 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 $ 7,504 $ 93,779 $ 1,407,528 Individual Income Taxes 9 -92 14,690 Railroad Retirement Taxes 3 272 3,820 Excise Taxes 20 2,909 51,252 Corporation Income Taxes 98 9,476 301,711 Federal Unemployment Taxes 10 91 6,499 Estate and Gift Taxes & Misc IRS Rcpts. 1 63 671 Change in Balance of Unclassified Taxes -27 1,454 1,422 Total 7,616 107,950 1,787,593 These Receipts were deposited in: Federal Reserve Account: Directly 88 1,912 34,664 Collector Depositaries 3,763 26,775 427,868 Tax and Loan Accounts 3,735 75,317 1,274,688 Inter-agency Transfers 30 3,946 50,373 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 32 $ 260 $ 951 $ 15,542 Deposits: Taxes Received (Table IV) 8 77 3,650 3,735 Transfers to Depositaries 0 0 115 115 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 2,682 2,682 Depositary Initiated 3 39 1,771 1,813 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,300 Closing Balance Today 37 298 263 14,598 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday July 18, 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 $ 4 $ 1,916 $ 244,859 Business 2/ -1 1,626 36,171 2/This amount includes a return/reversal for $5 million for Business Tax Refunds. 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.