1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Tuesday December 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 $ 13,867 $ 15,518 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 51,738 52,551 3,875 69,698 Total Operating Balance 65,605 68,069 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Tuesday December 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) 17 242 1,081 Commodity Credit Corporation programs 24 401 2,043 Customs and Certain Excise Taxes 93 1,081 7,258 Deposits by States: Supplemental Security Income 0 2 805 Unemployment 10 169 4,806 Education Department programs 211 812 3,321 Energy Department programs 17 163 1,298 Estate and Gift Taxes 65 1,265 5,896 Federal Reserve Earnings 0 699 6,932 Foreign Deposits, Military Sales 5 1,177 3,489 FTD's Received (Table IV) 1,309 40,317 123,859 Housing and Urban Development programs 22 259 1,201 Individual Income and Employment Taxes, Not Withheld 331 3,419 24,578 Interest recd from T&L Depositaries 0 9 218 Justice Department programs 28 119 876 Postal Service 569 5,654 23,708 Public Debt Cash Issues (Table III-B) 242 208,082 1,027,043 Other Deposits: Thrift Savings Plan Transfer 68 485 3,926 Total Other Deposits 68 771 10,855 Change in Balance of Uncollected Funds (closing balance $ 171) -61 -48 -13 Transfers from Depositaries 5,467 165,305 667,821 Total Federal Reserve Account 8,416 429,897 1,917,077 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,672 141,675 357,514 Transfers from Federal Reserve Account (Table V) 1,981 71,493 292,346 Total Tax and Loan Note Accounts (Table V) 4,653 213,168 649,860 Total Deposits (excluding transfers) 5,622 406,267 1,606,770 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Tuesday December 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 112 1,656 12,929 Defense Vendor Payments (EFT) 2,330 17,577 72,765 Education Department programs 195 2,599 17,523 Energy Department programs 84 1,164 6,169 Federal Employees Insurance Payments 149 2,501 12,092 Fed. Highway Administration programs 218 1,760 8,299 Federal Salaries (EFT) 419 8,234 34,500 Food and Nutrition Service (misc) 110 2,245 8,459 Food Stamps 80 1,200 4,669 GSA programs 46 839 3,397 Health and Human Services Grants (misc) 289 3,662 16,645 Housing and Urban Development programs 133 3,607 13,000 Interest on Treasury Securities 2 2,769 39,188 Justice Department programs 28 857 3,003 Labor Dept. prgms (excl. unemployment) 29 547 2,673 Medicaid 740 9,526 43,568 Medicare 1,523 13,045 93,664 NASA programs 64 832 3,151 Postal Service Money Orders and Other 227 2,487 10,922 Public Debt Cash Redemp. (Table III-B) 143 207,292 939,605 Social Security Benefits (EFT) 33 28,105 107,082 Temporary Assistance for Needy Families (HHS) 26 786 3,797 Unemployment Insurance Benefits 175 1,891 6,878 Veterans Affairs programs 69 1,291 5,644 Other Withdrawals: Deposit Insurance Fund (net) -389 -373 614 Federal Transit Admin. 91 288 1,027 Interior 118 589 2,530 IRS Tax Refunds Business (EFT) 173 1,981 6,564 Transportation Security Admin. (DHS) 1 113 496 USDA: Forest Service 81 162 475 Unclassified 786 17,339 66,690 Total, Other Withdrawals 861 32,735 146,780 Transfers to Depositaries 1,981 71,493 292,346 Total Federal Reserve Account 10,067 420,699 1,908,749 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 5,467 165,305 667,821 Total Withdrawals (excluding transfers) 8,086 349,206 1,616,402 Net Change in Operating Cash Balance -2,465 57,061 -9,633 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Tuesday December 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 0 158,580 792,283 Cash Management Series 0 38,000 53,000 Notes 0 7,999 158,547 Bonds 0 0 7,567 Inflation-Protected Securities Increment 32 595 1,192 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 21 246 792 Interest Increment 0 557 1,763 Government Account Series 145,598 1,686,736 7,754,529 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 155 3,184 17,356 Other 65 1,049 4,575 Total Issues 145,872 1,896,947 8,791,850 (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 0 195,583 767,318 Notes 0 0 130,430 Bonds 0 3 10,126 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 58 723 2,951 Government Account Series 136,514 1,688,107 7,709,010 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 18 9,383 23,126 Other 67 1,180 4,986 Total Redemptions 136,657 1,894,979 8,648,194 Net Change in Public Debt Outstanding 9,215 1,968 143,656 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Tuesday December 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) 145,872 1,896,947 8,791,850 Premium on New Issues 0 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 (-) 145,598 1,686,315 7,754,108 Interest Increment on United States Savings Securities (-) 0 557 1,763 Inflation-Protected Securities Increment 32 595 989 Total Public Debt Cash Issues Deposited in Federal Reserve Account 242 208,082 1,027,043 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 136,657 1,894,979 8,648,194 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 (-) 136,514 1,687,686 7,708,589 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 143 207,292 939,605 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Tuesday December 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 $ 5,150,351 $ 5,149,995 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 4,000,959 3,992,101 4,002,762 3,958,348 Total Public Debt Outstanding 9,151,310 9,142,095 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 501 501 502 Unamortized Discount 67,817 67,936 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 9,069,060 9,059,725 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 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Tuesday December 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 $ 3,236 $ 96,355 $ 377,432 Individual Income Taxes 20 190 806 Railroad Retirement Taxes 2 251 1,000 Excise Taxes 12 2,772 12,795 Corporation Income Taxes 564 84,232 100,786 Federal Unemployment Taxes 2 31 839 Estate and Gift Taxes & Misc IRS Rcpts. 0 61 133 Change in Balance of Unclassified Taxes 722 2,019 1,946 Total 4,557 185,911 495,736 These Receipts were deposited in: Federal Reserve Account: Directly 65 1,522 7,828 Collector Depositaries 1,244 38,796 116,031 Tax and Loan Accounts 2,672 141,675 357,514 Inter-agency Transfers 576 3,918 14,363 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 38 $ 393 $ 9,960 $ 52,551 Deposits: Taxes Received (Table IV) 10 78 2,584 2,672 Transfers to Depositaries 0 0 76 76 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 1,905 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 4 43 2,420 2,467 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 3,000 Closing Balance Today 45 428 10,201 51,738 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Tuesday December 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 $ 6 $ 824 $ 14,861 Business 453 3,428 15,033 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.