1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday December 20, 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 $ 4,918 $ 4,586 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 44,129 60,329 3,875 69,698 Total Operating Balance 49,047 64,914 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday December 20, 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) 28 296 1,135 Commodity Credit Corporation programs 35 470 2,113 Customs and Certain Excise Taxes 94 1,268 7,445 Deposits by States: Supplemental Security Income 0 3 805 Unemployment 8 190 4,826 Education Department programs 31 879 3,388 Energy Department programs 18 197 1,331 Estate and Gift Taxes 205 1,574 6,204 Federal Reserve Earnings 0 1,175 7,408 Foreign Deposits, Military Sales 27 1,211 3,523 FTD's Received (Table IV) 970 45,899 129,441 Housing and Urban Development programs 42 325 1,268 Individual Income and Employment Taxes, Not Withheld 414 4,500 25,659 Interest recd from T&L Depositaries 13 22 231 Justice Department programs 20 154 911 Postal Service 440 6,515 24,569 Public Debt Cash Issues (Table III-B) 62,238 271,009 1,089,970 Other Deposits: Air Transport Security Fees 1 7 416 Minerals Management Svc/Collections 191 247 2,268 Thrift Savings Plan Transfer 187 674 4,116 Total Other Deposits 379 1,202 11,286 Change in Balance of Uncollected Funds (closing balance $ 231) 68 -107 -72 Transfers from Depositaries 25,157 196,728 699,245 Total Federal Reserve Account 90,189 533,507 2,020,687 Tax and Loan Note Accounts: FTD's Received (Table IV) 2,502 149,036 364,875 Transfers from Federal Reserve Account (Table V) 6,454 87,947 308,800 Total Tax and Loan Note Accounts (Table V) 8,956 236,982 673,675 Total Deposits (excluding transfers) 67,534 485,814 1,686,317 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday December 20, 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 148 1,945 13,218 Defense Vendor Payments (EFT) 1,370 19,625 74,813 Education Department programs 650 3,577 18,501 Energy Department programs 199 1,471 6,476 Federal Employees Insurance Payments 120 2,851 12,442 Fed. Highway Administration programs 149 2,041 8,580 Federal Salaries (EFT) 721 9,130 35,395 Food and Nutrition Service (misc) 131 2,579 8,793 Food Stamps 46 1,296 4,765 GSA programs 63 941 3,499 Health and Human Services Grants (misc) 463 4,408 17,392 Housing and Urban Development programs 114 3,906 13,300 Interest on Treasury Securities 3 2,774 39,193 Justice Department programs 78 959 3,106 Labor Dept. prgms (excl. unemployment) 48 684 2,809 Medicaid 876 11,287 45,330 Medicare 1,182 15,658 96,277 NASA programs 58 937 3,256 Postal Service Money Orders and Other 161 2,754 11,189 Public Debt Cash Redemp. (Table III-B) 75,447 282,980 1,015,292 Social Security Benefits (EFT) 53 34,077 113,054 Temporary Assistance for Needy Families (HHS) 166 1,016 4,026 Unemployment Insurance Benefits 121 2,178 7,166 Veterans Affairs programs 60 1,440 5,792 Other Withdrawals: Emergency Prep & Response (DHS) 55 487 2,280 Federal Aviation Administration 101 460 1,946 IRS Tax Refunds Business (EFT) 200 2,235 6,817 Transportation Security Admin. (DHS) 7 121 504 Unclassified 611 18,455 67,806 Total, Other Withdrawals 975 34,798 148,844 Transfers to Depositaries 6,454 87,947 308,800 Total Federal Reserve Account 89,856 533,258 2,021,308 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 25,157 196,728 699,245 Total Withdrawals (excluding transfers) 83,402 445,311 1,712,507 Net Change in Operating Cash Balance -15,868 40,503 -26,191 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday December 20, 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 61,000 219,580 853,283 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 33 660 1,257 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 18 281 826 Interest Increment 0 558 1,763 Government Account Series 142,901 1,966,881 8,034,674 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 1,599 5,392 19,564 Other 155 1,269 4,795 Total Issues 205,706 2,240,619 9,135,522 (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 75,162 270,745 842,480 Notes 0 0 130,430 Bonds 0 3 10,126 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 54 902 3,130 Government Account Series 139,433 1,970,983 7,991,886 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 85 9,468 23,211 Other 145 1,441 5,248 Total Redemptions 214,880 2,253,542 9,006,757 Net Change in Public Debt Outstanding -9,174 -12,923 128,765 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday December 20, 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) 205,706 2,240,619 9,135,522 Premium on New Issues 0 55 609 Discount on New Issues: Bills (-) 534 1,986 8,756 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 142,901 1,966,460 8,034,253 Interest Increment on United States Savings Securities (-) 0 558 1,763 Inflation-Protected Securities Increment 33 660 1,054 Total Public Debt Cash Issues Deposited in Federal Reserve Account 62,238 271,009 1,089,970 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 214,880 2,253,542 9,006,757 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 (-) 139,433 1,970,562 7,991,465 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 75,447 282,980 1,015,292 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday December 20, 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 $ 5,138,057 $ 5,150,625 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 3,998,361 3,994,967 4,002,762 3,958,348 Total Public Debt Outstanding 9,136,418 9,145,592 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 68,113 67,699 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 9,053,872 9,063,461 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 Thursday December 20, 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 $ 3,723 $ 109,454 $ 390,531 Individual Income Taxes 16 218 833 Railroad Retirement Taxes 3 265 1,014 Excise Taxes 18 2,824 12,847 Corporation Income Taxes 135 84,599 101,153 Federal Unemployment Taxes 2 36 844 Estate and Gift Taxes & Misc IRS Rcpts. 1 65 137 Change in Balance of Unclassified Taxes -46 1,818 1,745 Total 3,853 199,279 509,104 These Receipts were deposited in: Federal Reserve Account: Directly 72 1,802 8,109 Collector Depositaries 898 44,097 121,332 Tax and Loan Accounts 2,502 149,036 364,875 Inter-agency Transfers 381 4,344 14,789 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 31 $ 266 $ 8,967 $ 60,329 Deposits: Taxes Received (Table IV) 5 45 2,453 2,502 Transfers to Depositaries 0 6 183 189 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 6,265 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 1,710 1,710 Depositary Initiated 1 11 1,434 1,447 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 22,000 Repo Investment 0 0 0 0 Closing Balance Today 34 305 8,460 44,129 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday December 20, 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 $ 8 $ 839 $ 14,875 Business 260 3,788 15,393 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.