1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 07, 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 $ 4,657 $ 5,381 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 3,136 3,038 3,875 69,698 Total Operating Balance 7,793 8,419 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 07, 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) 33 129 968 Commodity Credit Corporation programs 26 109 1,752 Customs and Certain Excise Taxes 81 424 6,600 Deposits by States: Supplemental Security Income 8 8 811 Unemployment 14 88 4,725 Education Department programs 98 334 2,844 Energy Department programs 4 95 1,229 Estate and Gift Taxes 71 469 5,100 Federal Reserve Earnings 0 198 6,431 Foreign Deposits, Military Sales 38 915 3,227 FTD's Received (Table IV) 1,410 10,189 93,731 Housing and Urban Development programs 23 112 1,054 Individual Income and Employment Taxes, Not Withheld 271 1,258 22,418 Interest recd from T&L Depositaries 0 4 213 Justice Department programs 7 52 809 Postal Service 416 2,416 20,470 Public Debt Cash Issues (Table III-B) 81 115,114 934,075 Other Deposits: Small Business Admin. Loan Sales 51 82 602 Total Other Deposits 51 224 10,308 Change in Balance of Uncollected Funds (closing balance $ 126) 104 -3 33 Transfers from Depositaries 5,542 39,290 541,806 Total Federal Reserve Account 8,278 171,425 1,658,605 Tax and Loan Note Accounts: FTD's Received (Table IV) 3,912 29,497 245,336 Transfers from Federal Reserve Account (Table V) 1,728 9,054 229,907 Total Tax and Loan Note Accounts (Table V) 5,640 38,551 475,244 Total Deposits (excluding transfers) 6,648 161,632 1,362,135 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 07, 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 121 783 12,056 Defense Vendor Payments (EFT) 905 5,966 61,154 Education Department programs 244 1,183 16,107 Energy Department programs 96 421 5,426 Federal Employees Insurance Payments 165 752 10,343 Fed. Highway Administration programs 220 816 7,355 Federal Salaries (EFT) 57 3,184 29,449 Food and Nutrition Service (misc) 224 875 7,089 Food Stamps 75 379 3,848 GSA programs 11 511 3,069 Health and Human Services Grants (misc) 275 1,457 14,441 Housing and Urban Development programs 98 2,708 12,101 Interest on Treasury Securities 3 1,080 37,499 Justice Department programs 65 215 2,362 Labor Dept. prgms (excl. unemployment) 50 192 2,318 Medicaid 780 3,632 37,674 Medicare 792 5,411 86,030 NASA programs 65 223 2,542 Postal Service Money Orders and Other 185 1,074 9,509 Public Debt Cash Redemp. (Table III-B) 233 87,995 820,307 Social Security Benefits (EFT) 45 21,881 100,858 Temporary Assistance for Needy Families (HHS) 61 307 3,318 Unemployment Insurance Benefits 90 646 5,634 Veterans Affairs programs 68 556 4,909 Other Withdrawals: Interior 67 215 2,157 IRS Tax Refunds Business (EFT) 589 779 5,362 IRS Tax Refunds Individual (EFT) 53 54 2,815 State Department 78 78 1,198 Transportation Security Admin. (DHS) 3 38 421 Unclassified 1,556 10,176 59,527 Total, Other Withdrawals 2,345 20,136 134,181 Transfers to Depositaries 1,728 9,054 229,907 Total Federal Reserve Account 9,002 171,437 1,659,487 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,542 39,290 541,806 Total Withdrawals (excluding transfers) 7,274 162,383 1,429,579 Net Change in Operating Cash Balance -627 -751 -67,444 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 07, 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 82,648 716,351 Cash Management Series 0 30,000 45,000 Notes 0 -1 150,547 Bonds 0 0 7,567 Inflation-Protected Securities Increment 32 238 834 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 15 113 658 Interest Increment 0 556 1,761 Government Account Series 136,124 710,051 6,777,844 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 1 2,287 16,459 Other 66 407 3,933 Total Issues 136,238 826,298 7,721,201 (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 78,647 650,382 Notes 0 0 130,430 Bonds 1 2 10,125 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 58 310 2,538 Government Account Series 138,250 721,958 6,742,860 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 104 8,206 21,949 Other 71 409 4,216 Total Redemptions 138,483 809,531 7,562,746 Net Change in Public Debt Outstanding -2,245 16,766 158,454 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 07, 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) 136,238 826,298 7,721,201 Premium on New Issues 0 0 554 Discount on New Issues: Bills (-) 0 760 7,529 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 136,124 709,630 6,777,423 Interest Increment on United States Savings Securities (-) 0 556 1,761 Inflation-Protected Securities Increment 32 238 632 Total Public Debt Cash Issues Deposited in Federal Reserve Account 81 115,114 934,075 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 138,483 809,531 7,562,746 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 (-) 138,250 721,537 6,742,439 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 233 87,995 820,307 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 07, 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/ $ 5,175,133 $ 5,175,317 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 3,990,975 3,993,035 4,002,762 3,958,348 Total Public Debt Outstanding 9,166,108 9,168,352 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 501 501 501 502 Unamortized Discount 68,970 69,090 69,082 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 68 69 69 Total Public Debt Subject to Limit 9,082,704 9,084,828 9,065,827 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/The par value of securities held by Treasury under repurchase agreements pl us the inflation compensation, less unamortized discount on bills was $1,47 1 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Friday December 07, 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 $ 5,414 $ 40,776 $ 321,853 Individual Income Taxes 7 43 659 Railroad Retirement Taxes 8 96 845 Excise Taxes 34 72 10,095 Corporation Income Taxes 133 427 16,981 Federal Unemployment Taxes 2 11 819 Estate and Gift Taxes & Misc IRS Rcpts. 2 15 88 Change in Balance of Unclassified Taxes 5 318 245 Total 5,605 41,760 351,585 These Receipts were deposited in: Federal Reserve Account: Directly 57 313 6,619 Collector Depositaries 1,353 9,876 87,112 Tax and Loan Accounts 3,912 29,497 245,336 Inter-agency Transfers 283 2,073 12,518 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 15 $ 128 $ 1,395 $ 3,038 Deposits: Taxes Received (Table IV) 4 59 3,849 3,912 Transfers to Depositaries 0 2 225 228 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,500 Withdrawals: Treasury Initiated 0 0 1,492 1,492 Depositary Initiated 1 14 2,535 2,550 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 1,500 Closing Balance Today 19 175 1,442 3,136 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 07, 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 $ 395 $ 419 $ 14,456 Business 699 1,309 12,914 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.