1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday October 12, 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 $ 5,114 $ 5,364 $ 5,539 $ 5,539 Tax and Loan Note Accounts (Table V) 3,515 3,635 69,698 69,698 Total Operating Balance 8,629 8,998 75,237 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday October 12, 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) 15 212 212 Commodity Credit Corporation programs 21 481 481 Customs and Certain Excise Taxes 91 813 813 Deposits by States: Supplemental Security Income 0 21 21 Unemployment 31 182 182 Education Department programs 16 668 668 Energy Department programs 7 196 196 Estate and Gift Taxes 82 1,023 1,023 Federal Reserve Earnings 0 1,304 1,304 Foreign Deposits, Military Sales 11 912 912 FTD's Received (Table IV) 1,539 17,324 17,324 Housing and Urban Development programs 24 223 223 Individual Income and Employment Taxes, Not Withheld 294 4,139 4,139 Interest recd from T&L Depositaries 0 136 136 Justice Department programs 11 119 119 Postal Service 395 4,202 4,202 Public Debt Cash Issues (Table III-B) 339 152,075 152,075 Other Deposits: Total Other Deposits 0 2,182 2,182 Change in Balance of Uncollected Funds (closing balance $ 131) 20 28 28 Transfers from Depositaries 4,204 165,550 165,550 Total Federal Reserve Account 7,099 351,789 351,789 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,085 47,605 47,605 Transfers from Federal Reserve Account (Table V) 0 51,762 51,762 Total Tax and Loan Note Accounts (Table V) 4,085 99,367 99,367 Total Deposits (excluding transfers) 6,980 233,845 233,845 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday October 12, 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 782 3,287 3,287 Defense Vendor Payments (EFT) 653 8,587 8,587 Education Department programs 285 2,619 2,619 Energy Department programs 123 926 926 Federal Employees Insurance Payments 93 1,988 1,988 Fed. Highway Administration programs 158 1,648 1,648 Federal Salaries (EFT) 54 5,669 5,669 Food and Nutrition Service (misc) 139 1,388 1,388 Food Stamps 77 863 863 GSA programs 39 705 705 Health and Human Services Grants (misc) 252 2,538 2,538 Housing and Urban Development programs 119 3,288 3,288 Interest on Treasury Securities 2 4,184 4,184 Justice Department programs 55 434 434 Labor Dept. prgms (excl. unemployment) 34 342 342 Medicaid 911 8,818 8,818 Medicare 1,140 21,620 21,620 NASA programs 85 293 293 Postal Service Money Orders and Other 158 1,886 1,886 Public Debt Cash Redemp. (Table III-B) 218 165,571 165,571 Social Security Benefits (EFT) 42 27,521 27,521 Temporary Assistance for Needy Families (HHS) 180 524 524 Unemployment Insurance Benefits 78 1,023 1,023 Veterans Affairs programs 88 989 989 Other Withdrawals: Federal Aviation Administration 78 305 305 IRS Tax Refunds Business (EFT) 298 1,031 1,031 IRS Tax Refunds Individual (EFT) 178 361 361 Transportation Security Admin. (DHS) 10 66 66 Unclassified 1,020 11,942 11,942 Total, Other Withdrawals 1,584 33,742 33,742 Transfers to Depositaries 0 51,762 51,762 Total Federal Reserve Account 7,349 352,215 352,215 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 4,204 165,550 165,550 Total Withdrawals (excluding transfers) 7,349 300,453 300,453 Net Change in Operating Cash Balance -369 -66,608 -66,608 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday October 12, 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 -1 110,316 110,316 Cash Management Series 0 0 0 Notes 0 37,861 37,861 Bonds 0 0 0 Inflation-Protected Securities Increment -27 -309 -309 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 8 118 118 Interest Increment 0 673 673 Government Account Series 136,149 1,309,304 1,309,304 Domestic Series 247 247 247 Foreign Series 0 0 0 State and Local Series 26 4,082 4,082 Other 59 792 792 Total Issues 136,460 1,463,083 1,463,083 (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 0 131,320 131,320 Notes 0 26,591 26,591 Bonds 0 0 0 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 52 544 544 Government Account Series 134,937 1,260,909 1,260,909 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 100 6,279 6,279 Other 66 836 836 Total Redemptions 135,155 1,426,480 1,426,480 Net Change in Public Debt Outstanding 1,305 36,603 36,603 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday October 12, 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) 136,460 1,463,083 1,463,083 Premium on New Issues 0 0 0 Discount on New Issues: Bills (-) 0 1,341 1,341 Bonds and Notes (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 136,149 1,309,304 1,309,304 Interest Increment on United States Savings Securities (-) 0 673 673 Inflation-Protected Securities Increment -27 -309 -309 Total Public Debt Cash Issues Deposited in Federal Reserve Account 339 152,075 152,075 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 135,155 1,426,480 1,426,480 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 (-) 134,937 1,260,909 1,260,909 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 218 165,571 165,571 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday October 12, 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 $ 5,038,255 $ 5,038,220 $ 5,049,306 $ 5,049,306 Intragovernmental Holdings 4,006,002 4,004,731 3,958,348 3,958,348 Total Public Debt Outstanding 9,044,257 9,042,951 9,007,653 9,007,653 Less: Debt Not Subject to Limit: Other Debt 502 502 502 502 Unamortized Discount 71,732 71,853 71,877 71,877 Federal Financing Bank 14,000 14,000 14,000 14,000 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 68 69 69 69 Total Public Debt Subject to Limit 8,958,091 8,956,666 8,921,343 8,921,343 Statutory Debt Limit 9,815,000 9,815,000 9,815,000 9,815,000 Act of September 29, 2007, permanently increased the statutory debt limit to $9,815 billion. Unamortized Discount represents the discount adjustment on Treasury bills and zero-coupon bonds (amortization is calculated daily). 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday October 12, 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 $ 4,534 $ 64,662 $ 64,662 Individual Income Taxes 15 110 110 Railroad Retirement Taxes 8 179 179 Excise Taxes 624 930 930 Corporation Income Taxes 407 1,056 1,056 Federal Unemployment Taxes 6 44 44 Estate and Gift Taxes & Misc IRS Rcpts. 1 15 15 Change in Balance of Unclassified Taxes 34 422 422 Total 5,630 67,418 67,418 These Receipts were deposited in: Federal Reserve Account: Directly 211 862 862 Collector Depositaries 1,328 16,462 16,462 Tax and Loan Accounts 4,085 47,605 47,605 Inter-agency Transfers 6 2,490 2,490 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 30 $ 259 $ 346 $ 3,635 Deposits: Taxes Received (Table IV) 6 61 4,019 4,085 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 0 Withdrawals: Treasury Initiated 27 234 1,396 1,658 Depositary Initiated 1 5 2,541 2,546 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 8 80 427 3,515 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday October 12, 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 $ 685 $ 1,390 $ 1,390 Business 386 2,373 2,373 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.