1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday July 20, 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 $ 4,894 $ 5,061 $ 4,649 $ 5,451 Tax and Loan Note Accounts (Table V) 15,365 15,656 20,560 46,676 Total Operating Balance 20,259 20,717 25,209 52,127 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday July 20, 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) 20 248 3,606 Commodity Credit Corporation programs 56 936 12,012 Customs and Certain Excise Taxes 116 1,360 26,219 Deposits by States: Supplemental Security Income 0 6 3,444 Unemployment 60 442 27,621 Education Department programs 40 798 14,427 Energy Department programs 65 261 5,575 Estate and Gift Taxes 44 1,208 21,518 Federal Reserve Earnings 0 2,575 25,313 Foreign Deposits, Military Sales 9 980 11,126 FTD's Received (Table IV) 1,423 30,749 464,594 Housing and Urban Development programs 34 400 5,961 Individual Income and Employment Taxes, Not Withheld 257 4,748 397,224 Interest recd from T&L Depositaries 0 29 981 Justice Department programs 14 209 4,083 Postal Service 320 5,719 82,841 Public Debt Cash Issues (Table III-B) 70 227,068 3,586,801 Other Deposits: Air Transport Security Fees 1 223 1,980 Minerals Management Svc/Collections 251 634 8,519 Total Other Deposits 251 2,650 43,734 Change in Balance of Uncollected Funds (closing balance $ 143) 69 30 0 Transfers from Depositaries 5,060 128,710 2,467,017 Total Federal Reserve Account 7,909 409,124 7,204,098 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,598 80,103 1,279,473 Transfers from Federal Reserve Account (Table V) 1,172 43,412 1,156,232 Total Tax and Loan Note Accounts (Table V) 4,769 123,515 2,435,706 Total Deposits (excluding transfers) 6,447 360,517 6,016,555 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday July 20, 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 14 275 23,038 Defense Vendor Payments (EFT) 1,246 16,800 245,406 Education Department programs 865 3,524 69,693 Energy Department programs 111 1,326 21,728 Federal Employees Insurance Payments 127 2,641 42,399 Fed. Highway Administration programs 95 1,967 25,555 Federal Salaries (EFT) 104 8,678 122,614 Food and Nutrition Service (misc) 99 1,945 27,467 Food Stamps 46 1,303 16,544 GSA programs 24 904 12,944 Health and Human Services Grants (misc) 210 3,395 59,732 Housing and Urban Development programs 96 3,847 43,975 Interest on Treasury Securities 2 10,189 129,031 Justice Department programs 56 780 10,556 Labor Dept. prgms (excl. unemployment) 41 688 10,242 Medicaid 345 11,165 152,812 Medicare 1,220 16,434 347,315 NASA programs 37 707 10,314 Postal Service Money Orders and Other 168 2,814 40,864 Public Debt Cash Redemp. (Table III-B) 116 206,463 3,520,699 Social Security Benefits (EFT) 31 33,339 375,219 Temporary Assistance for Needy Families (HHS) 54 761 13,515 Unemployment Insurance Benefits 94 1,736 26,448 Veterans Affairs programs 78 1,401 20,065 Other Withdrawals: Federal Crop Ins. Corp. 58 130 1,366 HUD: Hurricane Relief 64 349 1,255 Interior 54 808 9,300 IRS Tax Refunds Individual (EFT) 231 689 161,461 State Department 52 103 2,825 Thrift Savings Plan Transfer 121 1,396 17,859 Unclassified 1,046 18,280 281,636 Total, Other Withdrawals 1,625 32,383 680,250 Transfers to Depositaries 1,172 43,412 1,156,232 Total Federal Reserve Account 8,077 408,880 7,204,655 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,060 128,710 2,467,017 Total Withdrawals (excluding transfers) 6,905 365,468 6,048,423 Net Change in Operating Cash Balance -458 -4,950 -31,868 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday July 20, 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 0 179,342 2,683,987 Cash Management Series 0 0 196,003 Notes 0 45,924 581,905 Bonds 0 0 25,778 Inflation-Protected Securities Increment 88 1,742 8,828 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 165 3,094 Interest Increment 1 650 6,041 Government Account Series 128,861 1,850,121 27,407,534 Domestic Series 0 56 241 Foreign Series 0 0 500 State and Local Series 11 3,259 119,368 Other 52 1,010 14,817 Total Issues 129,020 2,082,269 31,048,095 (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 0 169,317 2,912,443 Notes 0 26,664 512,923 Bonds 0 1 4,045 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 57 1,008 14,337 Government Account Series 128,210 1,844,934 27,135,823 Domestic Series 0 56 241 Foreign Series 0 0 500 State and Local Series 5 8,375 61,695 Other 54 1,043 14,515 Total Redemptions 128,326 2,051,397 30,656,521 Net Change in Public Debt Outstanding 694 30,872 391,574 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday July 20, 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) 129,020 2,082,269 31,048,095 Premium on New Issues 0 0 199 Discount on New Issues: Bills (-) 0 2,546 37,392 Bonds and Notes (-) 0 145 2,087 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 128,861 1,850,121 27,407,534 Interest Increment on United States Savings Securities (-) 1 650 6,041 Inflation-Protected Securities Increment 88 1,741 8,440 Total Public Debt Cash Issues Deposited in Federal Reserve Account 70 227,068 3,586,801 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 128,326 2,051,397 30,656,521 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 (-) 128,210 1,844,934 27,135,823 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 116 206,463 3,520,699 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday July 20, 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/ $ 4,969,448 $ 4,969,548 $ 4,943,090 $ 4,843,121 Intragovernmental Holdings 3,929,100 3,928,306 3,924,585 3,663,853 Total Public Debt Outstanding 8,898,548 8,897,854 8,867,675 8,506,974 Less: Debt Not Subject to Limit: Other Debt 503 503 503 506 Unamortized Discount 74,173 74,296 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 8,809,940 8,809,123 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 $1,10 9 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday July 20, 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 $ 5,252 $ 100,976 $ 1,414,726 Individual Income Taxes 6 -79 14,702 Railroad Retirement Taxes 9 284 3,833 Excise Taxes 21 2,946 51,290 Corporation Income Taxes 110 9,658 301,893 Federal Unemployment Taxes 14 114 6,522 Estate and Gift Taxes & Misc IRS Rcpts. 1 64 672 Change in Balance of Unclassified Taxes -340 1,045 1,014 Total 5,072 115,008 1,794,652 These Receipts were deposited in: Federal Reserve Account: Directly 86 2,086 34,838 Collector Depositaries 1,337 28,663 429,756 Tax and Loan Accounts 3,598 80,103 1,279,473 Inter-agency Transfers 51 4,157 50,584 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 27 $ 209 $ 1,320 $ 15,656 Deposits: Taxes Received (Table IV) 6 53 3,540 3,598 Transfers to Depositaries 0 0 71 72 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,100 Withdrawals: Treasury Initiated 0 0 3,134 3,134 Depositary Initiated 1 8 816 826 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,100 Closing Balance Today 31 253 980 15,365 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday July 20, 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 $ 744 $ 2,668 $ 245,612 Business 19 1,691 36,236 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.