1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Friday December 21, 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 $ 3,924 $ 4,918 $ 4,669 $ 5,539 Tax and Loan Note Accounts (Table V) 46,065 44,129 3,875 69,698 Total Operating Balance 49,989 49,047 8,544 75,237 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Friday December 21, 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) 13 309 1,148 Commodity Credit Corporation programs 37 507 2,150 Customs and Certain Excise Taxes 105 1,373 7,550 Deposits by States: Supplemental Security Income 0 3 806 Unemployment 12 202 4,839 Education Department programs 65 944 3,454 Energy Department programs 20 217 1,351 Estate and Gift Taxes 27 1,601 6,231 Federal Reserve Earnings 0 1,175 7,408 Foreign Deposits, Military Sales 19 1,229 3,542 FTD's Received (Table IV) 2,445 48,343 131,885 Housing and Urban Development programs 30 356 1,298 Individual Income and Employment Taxes, Not Withheld 376 4,876 26,036 Interest recd from T&L Depositaries 0 22 231 Justice Department programs 7 161 919 Postal Service 408 6,922 24,976 Public Debt Cash Issues (Table III-B) 184 271,193 1,090,154 Other Deposits: Air Transport Security Fees 1 8 417 Total Other Deposits 1 1,203 11,287 Change in Balance of Uncollected Funds (closing balance $ 217) 14 -93 -58 Transfers from Depositaries 11,267 207,995 710,512 Total Federal Reserve Account 15,030 548,537 2,035,717 Tax and Loan Note Accounts: FTD's Received (Table IV) 7,369 156,405 372,244 Transfers from Federal Reserve Account (Table V) 5,835 93,781 314,635 Total Tax and Loan Note Accounts (Table V) 13,203 250,186 686,878 Total Deposits (excluding transfers) 11,132 496,947 1,697,449 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Friday December 21, 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 200 2,145 13,418 Defense Vendor Payments (EFT) 1,305 20,930 76,118 Education Department programs 382 3,959 18,883 Energy Department programs 226 1,697 6,702 Federal Employees Insurance Payments 216 3,067 12,658 Fed. Highway Administration programs 186 2,227 8,766 Federal Salaries (EFT) 100 9,230 35,495 Food and Nutrition Service (misc) 193 2,772 8,986 Food Stamps 51 1,347 4,816 GSA programs 17 959 3,517 Health and Human Services Grants (misc) 466 4,873 17,857 Housing and Urban Development programs 155 4,061 13,454 Interest on Treasury Securities 2 2,776 39,195 Justice Department programs 53 1,012 3,159 Labor Dept. prgms (excl. unemployment) 169 852 2,978 Medicaid 1,036 12,323 46,366 Medicare 1,416 17,074 97,693 NASA programs 114 1,051 3,370 Postal Service Money Orders and Other 148 2,902 11,337 Public Debt Cash Redemp. (Table III-B) 217 283,197 1,015,510 Social Security Benefits (EFT) 43 34,120 113,097 Temporary Assistance for Needy Families (HHS) 51 1,067 4,077 Unemployment Insurance Benefits 107 2,285 7,272 Veterans Affairs programs 118 1,558 5,910 Other Withdrawals: Agency for Internat'l Development 58 642 2,638 Interior 57 712 2,654 IRS Tax Refunds Business (EFT) 1,647 3,881 8,464 State Department 56 606 1,725 Thrift Savings Plan Transfer 104 1,619 6,168 Transportation Security Admin. (DHS) 61 182 565 Treasury Dept: Claims Payments 53 53 53 USDA: Forest Service 346 508 820 Unclassified 838 19,294 68,645 Total, Other Withdrawals 3,220 38,018 152,063 Transfers to Depositaries 5,835 93,781 314,635 Total Federal Reserve Account 16,024 549,282 2,037,332 Tax and Loan Note Accounts: Transfers to Federal Reserve Account (Table V) 11,267 207,995 710,512 Total Withdrawals (excluding transfers) 10,189 455,501 1,722,697 Net Change in Operating Cash Balance 943 41,446 -25,248 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Friday December 21, 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 0 219,580 853,283 Cash Management Series 0 38,000 53,000 Notes 0 7,998 158,546 Bonds 0 0 7,567 Inflation-Protected Securities Increment 32 693 1,289 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 21 302 847 Interest Increment 0 558 1,764 Government Account Series 154,693 2,121,575 8,189,367 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 90 5,482 19,654 Other 73 1,342 4,868 Total Issues 154,910 2,395,529 9,290,432 (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 0 270,745 842,480 Notes 0 0 130,430 Bonds 0 3 10,126 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 47 949 3,177 Government Account Series 151,119 2,122,102 8,143,005 Domestic Series 0 0 247 Foreign Series 0 0 0 State and Local Series 92 9,560 23,303 Other 78 1,519 5,326 Total Redemptions 151,336 2,404,879 9,158,094 Net Change in Public Debt Outstanding 3,573 -9,350 132,338 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Friday December 21, 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) 154,910 2,395,529 9,290,432 Premium on New Issues 0 55 609 Discount on New Issues: Bills (-) 0 1,986 8,756 Bonds and Notes (-) 0 0 335 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 154,693 2,121,154 8,188,946 Interest Increment on United States Savings Securities (-) 0 558 1,764 Inflation-Protected Securities Increment 32 693 1,086 Total Public Debt Cash Issues Deposited in Federal Reserve Account 184 271,193 1,090,154 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) 151,336 2,404,879 9,158,094 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 (-) 151,119 2,121,681 8,142,584 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. 217 283,197 1,015,510 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Friday December 21, 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 $ 5,137,961 $ 5,138,057 $ 5,146,579 $ 5,049,306 Intragovernmental Holdings 4,002,031 3,998,361 4,002,762 3,958,348 Total Public Debt Outstanding 9,139,991 9,136,418 9,149,341 9,007,653 Less: Debt Not Subject to Limit: Other Debt 500 500 501 502 Unamortized Discount 69,747 68,113 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 9,055,811 9,053,872 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 Friday December 21, 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 $ 8,937 $ 118,391 $ 399,468 Individual Income Taxes 10 228 844 Railroad Retirement Taxes 10 275 1,024 Excise Taxes 107 2,931 12,954 Corporation Income Taxes 1,272 85,871 102,425 Federal Unemployment Taxes 2 38 846 Estate and Gift Taxes & Misc IRS Rcpts. 2 67 139 Change in Balance of Unclassified Taxes -228 1,590 1,517 Total 10,113 209,391 519,217 These Receipts were deposited in: Federal Reserve Account: Directly 186 1,988 8,295 Collector Depositaries 2,259 46,355 123,591 Tax and Loan Accounts 7,369 156,405 372,244 Inter-agency Transfers 299 4,643 15,088 TABLE V Tax and Loan Note Accounts by Depositary Category | ___________________________________________________________________________________________ | | | Type of Depositary | | _________________________________________________________________ | Balance Transactions | | | | | | | A | B | C | Total | ___________________________________________________________________________________________ Opening Balance Today $ 34 $ 305 $ 8,460 $ 44,129 Deposits: Taxes Received (Table IV) 8 104 7,257 7,369 Transfers to Depositaries 0 5 340 345 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 5,490 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 6,154 6,154 Depositary Initiated 2 41 5,071 5,113 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today 40 373 4,832 46,065 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Friday December 21, 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 $ 306 $ 1,145 $ 15,182 Business 1,659 5,447 17,052 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.