1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Monday December 17, 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 $ 15,518 $ 4,720 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 52,551 8,662 3,875 69,698 Total Operating Balance 68,069 13,382 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Monday December 17, 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) 20 225 1,064 Commodity Credit Corporation programs 18 377 2,019 Customs and Certain Excise Taxes 86 988 7,165 Deposits by States: Supplemental Security Income 0 2 805 Unemployment 11 159 4,796 Education Department programs 21 601 3,111 Energy Department programs 17 146 1,281 Estate and Gift Taxes 82 1,201 5,831 Federal Reserve Earnings 0 699 6,932 Foreign Deposits, Military Sales 72 1,172 3,484 FTD's Received (Table IV) 16,623 39,008 122,550 Housing and Urban Development programs 23 237 1,179 Individual Income and Employment Taxes, Not Withheld 256 3,088 24,247 Interest recd from T&L Depositaries 1 8 218 Justice Department programs 8 91 848 Postal Service 456 5,085 23,139 Public Debt Cash Issues (Table III-B) 8,271 207,840 1,026,801 Other Deposits: Defense Finance & Accounting Service 50 367 1,710 Thrift Savings Plan Transfer 52 417 3,859 Total Other Deposits 102 703 10,787 Change in Balance of Uncollected Funds (closing balance $ 110) 20 13 49 Transfers from Depositaries 77,923 159,838 662,355 Total Federal Reserve Account 104,011 421,481 1,908,661 Tax and Loan Note Accounts: FTD's Received (Table IV) 77,963 139,003 354,842 Transfers from Federal Reserve Account (Table V) 43,849 69,512 290,366 Total Tax and Loan Note Accounts (Table V) 121,812 208,515 645,207 Total Deposits (excluding transfers) 104,051 400,646 1,601,148 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Monday December 17, 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 141 1,544 12,816 Defense Vendor Payments (EFT) 1,394 15,247 70,435 Education Department programs 12 2,404 17,328 Energy Department programs 98 1,080 6,084 Federal Employees Insurance Payments 124 2,351 11,942 Fed. Highway Administration programs 125 1,542 8,081 Federal Salaries (EFT) 1,237 7,815 34,081 Food and Nutrition Service (misc) 232 2,134 8,349 Food Stamps 176 1,120 4,589 GSA programs 45 793 3,351 Health and Human Services Grants (misc) 289 3,373 16,357 Housing and Urban Development programs 151 3,474 12,868 Interest on Treasury Securities 1,674 2,767 39,187 Justice Department programs 57 829 2,975 Labor Dept. prgms (excl. unemployment) 68 518 2,644 Medicaid 544 8,786 42,828 Medicare 904 11,521 92,140 NASA programs 157 768 3,088 Postal Service Money Orders and Other 303 2,260 10,695 Public Debt Cash Redemp. (Table III-B) 39,154 207,149 939,461 Social Security Benefits (EFT) 37 28,072 107,049 Temporary Assistance for Needy Families (HHS) 70 760 3,770 Unemployment Insurance Benefits 167 1,715 6,703 Veterans Affairs programs 182 1,222 5,575 Other Withdrawals: Federal Transit Admin. 65 197 936 IRS Tax Refunds Business (EFT) 206 1,807 6,390 State Department 317 549 1,669 Transportation Security Admin. (DHS) 37 112 495 Unclassified 1,396 16,553 65,904 Total, Other Withdrawals 2,022 31,874 145,919 Transfers to Depositaries 43,849 69,512 290,366 Total Federal Reserve Account 93,213 410,632 1,898,682 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 77,923 159,838 662,355 Total Withdrawals (excluding transfers) 49,364 341,120 1,608,316 Net Change in Operating Cash Balance 54,687 59,526 -7,168 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Monday December 17, 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 -1 158,580 792,283 Cash Management Series 0 38,000 53,000 Notes 8,000 7,999 158,547 Bonds 0 0 7,567 Inflation-Protected Securities Increment 98 563 1,160 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 22 225 771 Interest Increment 0 557 1,762 Government Account Series 138,685 1,541,138 7,608,931 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 49 3,029 17,201 Other 146 984 4,510 Total Issues 146,999 1,751,075 8,645,978 (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 38,000 195,583 767,318 Notes 0 0 130,430 Bonds 0 3 10,126 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 61 665 2,893 Government Account Series 137,416 1,551,593 7,572,496 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 944 9,365 23,108 Other 149 1,113 4,919 Total Redemptions 176,570 1,758,321 8,511,536 Net Change in Public Debt Outstanding -29,570 -7,246 134,442 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Monday December 17, 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) 146,999 1,751,075 8,645,978 Premium on New Issues 55 55 609 Discount on New Issues: Bills (-) 0 1,453 8,222 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 138,685 1,540,717 7,608,510 Interest Increment on United States Savings Securities (-) 0 557 1,762 Inflation-Protected Securities Increment 98 563 957 Total Public Debt Cash Issues Deposited in Federal Reserve Account 8,271 207,840 1,026,801 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 176,570 1,758,321 8,511,536 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 (-) 137,416 1,551,172 7,572,075 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 39,154 207,149 939,461 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Monday December 17, 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/ $ 5,149,995 $ 5,180,726 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 3,992,101 3,990,939 4,002,762 3,958,348 Total Public Debt Outstanding 9,142,095 9,171,665 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 501 501 501 502 Unamortized Discount 67,936 68,305 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 9,059,725 9,088,927 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 $3,01 2 million. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Monday December 17, 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 $ 22,679 $ 93,119 $ 374,196 Individual Income Taxes 76 170 786 Railroad Retirement Taxes 79 249 998 Excise Taxes 73 2,760 12,783 Corporation Income Taxes 71,321 83,668 100,222 Federal Unemployment Taxes 6 29 837 Estate and Gift Taxes & Misc IRS Rcpts. 2 60 133 Change in Balance of Unclassified Taxes 610 1,298 1,225 Total 94,845 181,353 491,179 These Receipts were deposited in: Federal Reserve Account: Directly 335 1,457 7,763 Collector Depositaries 16,289 37,551 114,787 Tax and Loan Accounts 77,963 139,003 354,842 Inter-agency Transfers 259 3,342 13,787 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 22 $ 246 $ 4,393 $ 8,662 Deposits: Taxes Received (Table IV) 19 218 77,726 77,963 Transfers to Depositaries 3 51 1,636 1,689 Special Direct Investment 0 0 0 2,585 Term Investment 0 0 0 36,575 Repo Investment 0 0 0 3,000 Withdrawals: Treasury Initiated 0 0 4,393 4,393 Depositary Initiated 6 123 69,401 69,530 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 4,000 Closing Balance Today 38 393 9,960 52,551 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Monday December 17, 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 $ 6 $ 818 $ 14,855 Business 269 2,975 14,580 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.