1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Wednesday December 19, 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 $ 4,586 $ 13,867 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 60,329 51,738 3,875 69,698 Total Operating Balance 64,914 65,605 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Wednesday December 19, 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) 25 267 1,106 Commodity Credit Corporation programs 35 435 2,077 Customs and Certain Excise Taxes 93 1,175 7,351 Deposits by States: Supplemental Security Income 0 2 805 Unemployment 12 181 4,818 Education Department programs 35 847 3,357 Energy Department programs 15 178 1,313 Estate and Gift Taxes 103 1,368 5,999 Federal Reserve Earnings 476 1,175 7,408 Foreign Deposits, Military Sales 6 1,184 3,496 FTD's Received (Table IV) 4,612 44,929 128,471 Housing and Urban Development programs 25 284 1,226 Individual Income and Employment Taxes, Not Withheld 667 4,086 25,245 Interest recd from T&L Depositaries 0 9 218 Justice Department programs 14 133 891 Postal Service 421 6,074 24,129 Public Debt Cash Issues (Table III-B) 689 208,770 1,027,731 Other Deposits: Air Transport Security Fees 1 6 415 Defense Finance & Accounting Service 52 447 1,790 Total Other Deposits 52 823 10,907 Change in Balance of Uncollected Funds (closing balance $ 298) -127 -175 -139 Transfers from Depositaries 6,267 171,572 674,088 Total Federal Reserve Account 13,421 443,318 1,930,498 Tax and Loan Note Accounts: FTD's Received (Table IV) 4,858 146,534 362,372 Transfers from Federal Reserve Account (Table V) 10,000 81,493 302,346 Total Tax and Loan Note Accounts (Table V) 14,858 228,026 664,719 Total Deposits (excluding transfers) 12,012 418,280 1,618,782 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Wednesday December 19, 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 142 1,798 13,071 Defense Vendor Payments (EFT) 678 18,255 73,443 Education Department programs 328 2,926 17,850 Energy Department programs 108 1,272 6,277 Federal Employees Insurance Payments 230 2,731 12,322 Fed. Highway Administration programs 132 1,892 8,431 Federal Salaries (EFT) 174 8,409 34,674 Food and Nutrition Service (misc) 204 2,448 8,663 Food Stamps 50 1,250 4,719 GSA programs 40 878 3,436 Health and Human Services Grants (misc) 283 3,945 16,929 Housing and Urban Development programs 186 3,792 13,186 Interest on Treasury Securities 2 2,771 39,190 Justice Department programs 24 881 3,027 Labor Dept. prgms (excl. unemployment) 88 635 2,761 Medicaid 885 10,411 44,453 Medicare 1,432 14,477 95,096 NASA programs 46 878 3,198 Postal Service Money Orders and Other 105 2,593 11,027 Public Debt Cash Redemp. (Table III-B) 241 207,533 939,846 Social Security Benefits (EFT) 5,919 34,024 113,001 Temporary Assistance for Needy Families (HHS) 63 849 3,860 Unemployment Insurance Benefits 166 2,057 7,045 Veterans Affairs programs 89 1,380 5,732 Other Withdrawals: Agency for Internat'l Development 55 548 2,545 Federal Aviation Administration 60 359 1,845 Federal Financing Bank (net) 55 164 -646 Federal Transit Admin. 64 351 1,090 Foreign Military Sales Program 55 55 55 IRS Tax Refunds Business (EFT) 53 2,034 6,617 Thrift Savings Plan Transfer 240 1,500 6,049 Unclassified 506 17,844 67,195 Total, Other Withdrawals 1,088 33,823 147,869 Transfers to Depositaries 10,000 81,493 302,346 Total Federal Reserve Account 22,703 443,402 1,931,451 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 6,267 171,572 674,088 Total Withdrawals (excluding transfers) 12,703 361,909 1,629,105 Net Change in Operating Cash Balance -690 56,371 -10,323 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Wednesday December 19, 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 -1 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 32 628 1,224 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 16 263 808 Interest Increment 0 557 1,763 Government Account Series 137,244 1,823,980 7,891,773 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 608 3,792 17,964 Other 65 1,114 4,640 Total Issues 137,966 2,034,913 8,929,816 (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 125 848 3,076 Government Account Series 143,442 1,831,550 7,852,452 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 0 9,383 23,126 Other 116 1,296 5,102 Total Redemptions 143,683 2,038,662 8,791,877 Net Change in Public Debt Outstanding -5,718 -3,749 137,939 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Wednesday December 19, 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) 137,966 2,034,913 8,929,816 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 (-) 137,244 1,823,559 7,891,352 Interest Increment on United States Savings Securities (-) 0 557 1,763 Inflation-Protected Securities Increment 32 628 1,021 Total Public Debt Cash Issues Deposited in Federal Reserve Account 689 208,770 1,027,731 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 143,683 2,038,662 8,791,877 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 (-) 143,442 1,831,129 7,852,031 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 241 207,533 939,846 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Wednesday December 19, 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 $ 5,150,625 $ 5,150,351 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 3,994,967 4,000,959 4,002,762 3,958,348 Total Public Debt Outstanding 9,145,592 9,151,310 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 67,699 67,817 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 9,063,461 9,069,060 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 Wednesday December 19, 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 $ 9,376 $ 105,730 $ 386,807 Individual Income Taxes 12 202 817 Railroad Retirement Taxes 11 262 1,011 Excise Taxes 34 2,806 12,829 Corporation Income Taxes 231 84,463 101,017 Federal Unemployment Taxes 3 34 842 Estate and Gift Taxes & Misc IRS Rcpts. 3 64 136 Change in Balance of Unclassified Taxes -155 1,864 1,791 Total 9,514 195,425 505,251 These Receipts were deposited in: Federal Reserve Account: Directly 209 1,730 8,037 Collector Depositaries 4,403 43,199 120,434 Tax and Loan Accounts 4,858 146,534 362,372 Inter-agency Transfers 44 3,963 14,408 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 45 $ 428 $ 10,201 $ 51,738 Deposits: Taxes Received (Table IV) 10 97 4,752 4,858 Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 10,000 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 22 244 1,799 2,066 Depositary Initiated 1 14 4,185 4,201 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 31 266 8,967 60,329 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Wednesday December 19, 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 $ 7 $ 831 $ 14,867 Business 100 3,528 15,133 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.